Vontobel Holding Ltd. Has $449,000 Stock Holdings in Regions Financial Corporation $RF

Vontobel Holding Ltd. lifted its holdings in shares of Regions Financial Corporation (NYSE:RF) by 37.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,080 shares of the bank’s stock after buying an additional 5,225 shares during the period. Vontobel Holding Ltd.’s holdings in Regions Financial were worth $449,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of RF. Wellington Management Group LLP grew its holdings in Regions Financial by 3.7% during the first quarter. Wellington Management Group LLP now owns 44,211,562 shares of the bank’s stock worth $960,717,000 after purchasing an additional 1,562,512 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Regions Financial by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 31,092,742 shares of the bank’s stock worth $675,645,000 after purchasing an additional 1,909,162 shares during the period. Invesco Ltd. grew its holdings in Regions Financial by 35.7% during the first quarter. Invesco Ltd. now owns 20,990,446 shares of the bank’s stock worth $456,122,000 after purchasing an additional 5,521,772 shares during the period. Amundi grew its holdings in Regions Financial by 20.4% during the first quarter. Amundi now owns 10,010,267 shares of the bank’s stock worth $198,721,000 after purchasing an additional 1,696,347 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Regions Financial by 0.5% during the first quarter. Bank of New York Mellon Corp now owns 5,989,323 shares of the bank’s stock worth $130,148,000 after purchasing an additional 32,082 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Regions Financial in a report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price objective on shares of Regions Financial from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Stephens restated an “equal weight” rating and set a $27.00 price objective (down from $30.00) on shares of Regions Financial in a research report on Tuesday. Barclays restated an “underweight” rating and set a $27.00 price objective (up from $24.00) on shares of Regions Financial in a research report on Monday, July 21st. Finally, Citigroup raised their price objective on shares of Regions Financial from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $27.79.

Regions Financial Stock Up 2.4%

Shares of RF opened at $25.15 on Wednesday. Regions Financial Corporation has a one year low of $17.74 and a one year high of $27.96. The company has a market cap of $22.44 billion, a P/E ratio of 11.70, a P/E/G ratio of 1.17 and a beta of 1.02. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a 50 day simple moving average of $26.28 and a two-hundred day simple moving average of $23.64.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 EPS for the quarter. Regions Financial had a net margin of 21.81% and a return on equity of 13.08%. The business had revenue of $1.81 billion during the quarter. Research analysts forecast that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Insider Activity at Regions Financial

In other news, Director Roger W. Jenkins acquired 4,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was acquired at an average cost of $25.48 per share, for a total transaction of $101,920.00. Following the completion of the transaction, the director directly owned 6,383 shares in the company, valued at approximately $162,638.84. This trade represents a 167.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP David R. Keenan sold 30,000 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total transaction of $750,300.00. Following the transaction, the executive vice president owned 90,915 shares of the company’s stock, valued at $2,273,784.15. This trade represents a 24.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.