Regions Financial Corporation $RF Shares Bought by AE Wealth Management LLC

AE Wealth Management LLC boosted its position in shares of Regions Financial Corporation (NYSE:RF) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 819,976 shares of the bank’s stock after buying an additional 16,896 shares during the period. AE Wealth Management LLC owned 0.09% of Regions Financial worth $19,286,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American National Bank & Trust increased its position in shares of Regions Financial by 2,433.3% during the second quarter. American National Bank & Trust now owns 1,064 shares of the bank’s stock worth $25,000 after purchasing an additional 1,022 shares in the last quarter. CVA Family Office LLC lifted its stake in shares of Regions Financial by 163.2% in the second quarter. CVA Family Office LLC now owns 1,058 shares of the bank’s stock worth $25,000 after buying an additional 656 shares in the last quarter. Bayforest Capital Ltd boosted its position in Regions Financial by 637.3% during the first quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank’s stock worth $27,000 after acquiring an additional 1,058 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Regions Financial during the 2nd quarter valued at about $30,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Regions Financial in the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Up 2.2%

RF opened at $24.85 on Friday. Regions Financial Corporation has a 52 week low of $17.74 and a 52 week high of $27.96. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $25.64 and a 200-day simple moving average of $24.25. The firm has a market cap of $21.79 billion, a P/E ratio of 10.94, a P/E/G ratio of 1.24 and a beta of 1.07.

Regions Financial (NYSE:RF) last posted its earnings results on Thursday, February 27th. The bank reported $0.39 earnings per share (EPS) for the quarter. Regions Financial had a return on equity of 13.05% and a net margin of 22.49%.The firm had revenue of $1.81 billion for the quarter. On average, equities analysts expect that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be issued a $0.265 dividend. The ex-dividend date is Monday, December 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.3%. Regions Financial’s payout ratio is 46.70%.

Insider Buying and Selling at Regions Financial

In other Regions Financial news, Director Roger W. Jenkins bought 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $25.48 per share, with a total value of $101,920.00. Following the purchase, the director directly owned 6,383 shares in the company, valued at approximately $162,638.84. This represents a 167.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on RF shares. Cowen restated a “buy” rating on shares of Regions Financial in a report on Tuesday, October 21st. Morgan Stanley set a $32.00 target price on Regions Financial in a report on Monday, September 29th. Stephens reaffirmed an “equal weight” rating and issued a $27.00 target price (down from $30.00) on shares of Regions Financial in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods boosted their price target on shares of Regions Financial from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, 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. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $28.19.

About Regions Financial

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.