M&G Plc Sells 475,047 Shares of Regions Financial Co. (NYSE:RF)

M&G Plc decreased its stake in shares of Regions Financial Co. (NYSE:RF) by 91.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,786 shares of the bank’s stock after selling 475,047 shares during the period. M&G Plc’s holdings in Regions Financial were worth $1,053,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of RF. American National Bank & Trust grew its position in shares of Regions Financial by 1,856.7% in the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank’s stock worth $27,000 after buying an additional 1,114 shares during the period. EntryPoint Capital LLC purchased a new stake in Regions Financial in the first quarter worth about $26,000. Quarry LP increased its stake in shares of Regions Financial by 157.2% during the second quarter. Quarry LP now owns 1,335 shares of the bank’s stock valued at $27,000 after purchasing an additional 816 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Regions Financial by 530.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,256 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Regions Financial in the 2nd quarter worth approximately $32,000. 79.39% of the stock is owned by institutional investors.

Regions Financial Stock Up 0.9 %

RF stock opened at $25.63 on Friday. The company has a market cap of $23.29 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 2.45 and a beta of 1.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. The business’s 50-day moving average is $23.27 and its two-hundred day moving average is $21.35. Regions Financial Co. has a fifty-two week low of $14.86 and a fifty-two week high of $26.33.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. Regions Financial’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS. As a group, analysts forecast that Regions Financial Co. will post 2.1 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Monday, December 2nd. Regions Financial’s payout ratio is 56.50%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RF. Morgan Stanley raised their price objective on Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Argus raised Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Thursday, October 24th. Citigroup upped their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Evercore ISI raised their price objective on shares of Regions Financial from $24.50 to $26.00 and gave the company an “in-line” rating in a research note on Wednesday, October 2nd. Finally, Wedbush upped their target price on shares of Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Regions Financial presently has an average rating of “Moderate Buy” and a consensus price target of $25.45.

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.