WINTON GROUP Ltd Invests $5.64 Million in Regions Financial Corporation $RF

by · The Markets Daily

WINTON GROUP Ltd purchased a new position in Regions Financial Corporation (NYSE:RF – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 207,978 shares of the bank’s stock, valued at approximately $5,636,000.

Other large investors have also recently made changes to their positions in the company. American Century Companies Inc. raised its position in shares of Regions Financial by 85.9% in the 3rd quarter. American Century Companies Inc. now owns 4,625,557 shares of the bank’s stock worth $121,976,000 after acquiring an additional 2,137,062 shares in the last quarter. Stevens Capital Management LP raised its position in shares of Regions Financial by 355.9% in the 3rd quarter. Stevens Capital Management LP now owns 42,850 shares of the bank’s stock worth $1,130,000 after acquiring an additional 33,450 shares in the last quarter. ABC Arbitrage SA bought a new position in shares of Regions Financial in the 3rd quarter worth $860,000. Schroder Investment Management Group raised its position in shares of Regions Financial by 11.2% in the 3rd quarter. Schroder Investment Management Group now owns 1,732,045 shares of the bank’s stock worth $45,899,000 after acquiring an additional 173,871 shares in the last quarter. Finally, Swiss Life Asset Management Ltd raised its position in shares of Regions Financial by 244.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 2,255,888 shares of the bank’s stock worth $61,135,000 after acquiring an additional 1,600,926 shares in the last quarter. 79.39% of the stock is owned by institutional investors.

Regions Financial Trading Up 0.5%

Shares of NYSE:RF opened at $28.57 on Friday. The business’s 50-day moving average is $27.48 and its 200 day moving average is $27.49. Regions Financial Corporation has a 1 year low of $21.40 and a 1 year high of $31.53. The firm has a market capitalization of $24.38 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.11 and a beta of 1.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80.

Regions Financial (NYSE:RF – Get Free Report) last announced its earnings results on Friday, April 17th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 EPS. On average, research analysts predict that Regions Financial Corporation will post 2.61 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, June 1st. Regions Financial’s payout ratio is presently 44.17%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RF. Morgan Stanley reduced their target price on Regions Financial from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $32.00 target price on shares of Regions Financial in a research report on Tuesday, March 3rd. Truist Financial reaffirmed a “hold” rating and set a $30.00 target price on shares of Regions Financial in a research report on Tuesday, April 21st. Royal Bank Of Canada upped their target price on Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Finally, Piper Sandler reduced their target price on Regions Financial from $31.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, March 30th. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $30.47.

Get Our Latest Stock Analysis on Regions Financial

Insiders Place Their Bets

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $27.91, for a total transaction of $195,760.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

About Regions Financial

(Free Report)

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.

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