Regions Financial Corporation (RF) Position Increased by Global X Management Co. LLC

Global X Management Co. LLC boosted its position in shares of Regions Financial Corporation (NYSE:RF) by 35.5% during the first quarter, Holdings Channel reports. The institutional investor owned 35,132 shares of the bank’s stock after buying an additional 9,209 shares during the period. Global X Management Co. LLC’s holdings in Regions Financial Corporation were worth $510,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Thrivent Financial For Lutherans boosted its position in shares of Regions Financial Corporation by 2.7% in the first quarter. Thrivent Financial For Lutherans now owns 44,227 shares of the bank’s stock worth $643,000 after buying an additional 1,170 shares in the last quarter. L & S Advisors Inc boosted its position in shares of Regions Financial Corporation by 319.3% in the first quarter. L & S Advisors Inc now owns 53,957 shares of the bank’s stock worth $784,000 after buying an additional 41,090 shares in the last quarter. Trustmark National Bank Trust Department boosted its position in shares of Regions Financial Corporation by 16.8% in the first quarter. Trustmark National Bank Trust Department now owns 45,829 shares of the bank’s stock worth $666,000 after buying an additional 6,597 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Regions Financial Corporation by 729.5% in the first quarter. Teacher Retirement System of Texas now owns 735,754 shares of the bank’s stock worth $10,691,000 after buying an additional 647,052 shares in the last quarter. Finally, Ngam Advisors L.P. boosted its position in shares of Regions Financial Corporation by 19.7% in the first quarter. Ngam Advisors L.P. now owns 39,135 shares of the bank’s stock worth $569,000 after buying an additional 6,451 shares in the last quarter. Institutional investors and hedge funds own 76.42% of the company’s stock.

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

Regions Financial Corporation (NYSE RF) traded down 1.276% during midday trading on Tuesday, reaching $14.315. The company’s stock had a trading volume of 5,366,371 shares. The stock has a 50 day moving average of $14.13 and a 200 day moving average of $14.43. Regions Financial Corporation has a 52 week low of $7.80 and a 52 week high of $16.03. The firm has a market capitalization of $17.21 billion, a PE ratio of 15.731 and a beta of 1.34.

Regions Financial Corporation (NYSE:RF) last released its quarterly earnings results on Tuesday, April 18th. The bank reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Regions Financial Corporation had a return on equity of 7.27% and a net margin of 19.94%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the business posted $0.20 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities research analysts predict that Regions Financial Corporation will post $0.98 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 9th will be paid a $0.07 dividend. This is an increase from Regions Financial Corporation’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.28 annualized dividend and a dividend yield of 1.93%. Regions Financial Corporation’s dividend payout ratio (DPR) is currently 31.11%.

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A number of brokerages have recently weighed in on RF. BidaskClub upgraded Regions Financial Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Royal Bank Of Canada restated a “hold” rating and issued a $15.00 price target on shares of Regions Financial Corporation in a research report on Thursday, May 18th. Jefferies Group LLC restated a “hold” rating and issued a $16.00 price target on shares of Regions Financial Corporation in a research report on Monday, May 15th. Bank of America Corporation raised Regions Financial Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the company from $15.00 to $17.00 in a research note on Thursday, May 4th. Finally, Argus lowered Regions Financial Corporation from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a research note on Monday, May 1st. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.06.

In other Regions Financial Corporation news, EVP C. Keith Herron sold 30,000 shares of Regions Financial Corporation stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $14.30, for a total value of $429,000.00. Following the sale, the executive vice president now owns 204,537 shares of the company’s stock, valued at approximately $2,924,879.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William D. Ritter sold 39,258 shares of Regions Financial Corporation stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $13.82, for a total value of $542,545.56. Following the completion of the sale, the executive vice president now directly owns 195,423 shares in the company, valued at approximately $2,700,745.86. The disclosure for this sale can be found here. Insiders sold a total of 396,176 shares of company stock worth $5,418,986 in the last three months. Company insiders own 0.52% of the company’s stock.

Regions Financial Corporation Company Profile

Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.

Want to see what other hedge funds are holding RF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regions Financial Corporation (NYSE:RF).

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