Aviva PLC Raises Holdings in Regions Financial Co. (NYSE:RF)

Aviva PLC increased its position in Regions Financial Co. (NYSE:RF) by 50.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 487,577 shares of the bank’s stock after acquiring an additional 163,485 shares during the period. Aviva PLC owned approximately 0.05% of Regions Financial worth $9,839,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RF. Rockefeller Capital Management L.P. grew its holdings in Regions Financial by 486.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 27,848 shares of the bank’s stock valued at $561,000 after buying an additional 23,096 shares during the last quarter. Stieven Capital Advisors L.P. grew its holdings in Regions Financial by 11.5% during the 2nd quarter. Stieven Capital Advisors L.P. now owns 1,352,282 shares of the bank’s stock valued at $27,289,000 after buying an additional 139,100 shares during the last quarter. WINTON GROUP Ltd grew its holdings in Regions Financial by 14.3% during the 2nd quarter. WINTON GROUP Ltd now owns 44,682 shares of the bank’s stock valued at $902,000 after buying an additional 5,596 shares during the last quarter. Clark Financial Services Group Inc. BD acquired a new stake in Regions Financial during the 2nd quarter valued at $217,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Regions Financial by 12.7% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 177,421 shares of the bank’s stock valued at $3,580,000 after buying an additional 19,924 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Several equities research analysts have recently issued reports on the company. Raymond James cut Regions Financial from an “outperform” rating to a “market perform” rating in a report on Thursday, July 8th. Compass Point raised their price objective on Regions Financial from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, May 18th. Odeon Capital Group cut Regions Financial from a “buy” rating to a “hold” rating in a report on Monday, July 19th. Morgan Stanley restated an “overweight” rating and set a $19.29 price objective (down previously from $24.00) on shares of Regions Financial in a report on Monday, July 26th. Finally, Keefe, Bruyette & Woods lowered Regions Financial from an “outperform” rating to an “underperform” rating and set a $18.00 target price on the stock. in a research report on Wednesday, July 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.84.

NYSE:RF opened at $19.45 on Wednesday. The company has a market capitalization of $18.57 billion, a price-to-earnings ratio of 7.69, a price-to-earnings-growth ratio of 1.15 and a beta of 1.52. Regions Financial Co. has a one year low of $10.60 and a one year high of $23.81. The stock has a 50-day simple moving average of $19.76 and a 200 day simple moving average of $20.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 0.83.

Regions Financial (NYSE:RF) last issued its earnings results on Thursday, July 22nd. The bank reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.24. Regions Financial had a return on equity of 15.63% and a net margin of 38.28%. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the firm posted ($0.25) earnings per share. On average, equities research analysts forecast that Regions Financial Co. will post 2.42 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 1st. Stockholders of record on Friday, September 3rd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Thursday, September 2nd. This is a boost from Regions Financial’s previous quarterly dividend of $0.16. Regions Financial’s payout ratio is 59.62%.

Regions Financial Profile

Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other financing. The firm operates through the following segments: Corporate Bank, Consumer Bank, and Wealth Management.

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

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