MARSHALL WACE ASIA Ltd acquired a new position in Regions Financial Corp (NYSE:RF) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,964,890 shares of the bank’s stock, valued at approximately $36,056,000. MARSHALL WACE ASIA Ltd owned 0.19% of Regions Financial as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the business. Janney Montgomery Scott LLC raised its position in shares of Regions Financial by 9.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 60,400 shares of the bank’s stock worth $1,074,000 after purchasing an additional 5,436 shares during the last quarter. Advisory Services Network LLC raised its position in shares of Regions Financial by 61.6% during the 2nd quarter. Advisory Services Network LLC now owns 7,694 shares of the bank’s stock worth $141,000 after purchasing an additional 2,933 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Regions Financial by 2.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 191,338 shares of the bank’s stock worth $3,402,000 after purchasing an additional 3,908 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Regions Financial by 0.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 293,277 shares of the bank’s stock worth $5,214,000 after purchasing an additional 2,696 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Regions Financial by 8,481.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,522 shares of the bank’s stock worth $116,000 after purchasing an additional 6,446 shares during the last quarter. Institutional investors and hedge funds own 77.11% of the company’s stock.

Shares of Regions Financial stock traded down $0.29 during mid-day trading on Thursday, hitting $15.30. The stock had a trading volume of 19,708,800 shares, compared to its average volume of 11,875,094. Regions Financial Corp has a 12-month low of $14.81 and a 12-month high of $20.21. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $16.12 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 0.87 and a beta of 1.29.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.04). Regions Financial had a net margin of 26.39% and a return on equity of 10.15%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the company earned $0.25 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. Equities analysts expect that Regions Financial Corp will post 1.44 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 7th will be paid a $0.14 dividend. The ex-dividend date is Thursday, December 6th. This represents a $0.56 annualized dividend and a dividend yield of 3.66%. Regions Financial’s dividend payout ratio (DPR) is 56.00%.

Several analysts recently issued reports on RF shares. Argus started coverage on shares of Regions Financial in a research note on Wednesday, November 28th. They set a “buy” rating and a $19.00 price objective for the company. Vining Sparks reaffirmed a “buy” rating and set a $22.00 price objective on shares of Regions Financial in a research note on Tuesday, October 9th. Raymond James raised shares of Regions Financial from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, October 31st. They noted that the move was a valuation call. JPMorgan Chase & Co. raised shares of Regions Financial from a “neutral” rating to an “overweight” rating and set a $16.20 price objective for the company in a research note on Sunday. Finally, B. Riley set a $20.00 price objective on shares of Regions Financial and gave the company a “hold” rating in a research note on Monday, October 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.68.

TRADEMARK VIOLATION NOTICE: “MARSHALL WACE ASIA Ltd Acquires New Stake in Regions Financial Corp (RF)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.thecerbatgem.com/2018/12/06/marshall-wace-asia-ltd-acquires-new-stake-in-regions-financial-corp-rf.html.

Regions Financial Profile

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

Featured Story: How interest rates affect municipal bond prices

Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

Receive News & Ratings for Regions Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial and related companies with MarketBeat.com's FREE daily email newsletter.