JPMorgan Chase & Co. raised its stake in Regions Financial Corp. (NYSE:RF) by 46.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,096,781 shares of the company’s stock after buying an additional 8,617,323 shares during the period. JPMorgan Chase & Co.’s holdings in Regions Financial Corp. were worth $267,446,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in RF. TradeLink Capital LLC acquired a new stake in shares of Regions Financial Corp. during the third quarter valued at $103,000. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Regions Financial Corp. by 6.2% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,215 shares of the company’s stock valued at $104,000 after buying an additional 710 shares during the last quarter. Paragon Capital Management Ltd increased its stake in shares of Regions Financial Corp. by 7.9% in the third quarter. Paragon Capital Management Ltd now owns 10,827 shares of the company’s stock valued at $107,000 after buying an additional 796 shares during the last quarter. Kanaly Trust Co increased its stake in shares of Regions Financial Corp. by 9.6% in the second quarter. Kanaly Trust Co now owns 13,044 shares of the company’s stock valued at $111,000 after buying an additional 1,145 shares during the last quarter. Finally, Wesbanco Bank Inc. increased its stake in shares of Regions Financial Corp. by 14.2% in the second quarter. Wesbanco Bank Inc. now owns 13,329 shares of the company’s stock valued at $114,000 after buying an additional 1,662 shares during the last quarter. 72.31% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Regions Financial Corp. (NYSE:RF) opened at 13.18 on Wednesday. The firm has a market cap of $16.22 billion, a PE ratio of 15.49 and a beta of 1.35. Regions Financial Corp. has a 52 week low of $7.00 and a 52 week high of $13.54. The company’s 50-day moving average is $11.42 and its 200-day moving average is $9.90.

Regions Financial Corp. (NYSE:RF) last posted its quarterly earnings data on Tuesday, October 18th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.38 billion. Regions Financial Corp. had a net margin of 19.43% and a return on equity of 7.03%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share. Analysts forecast that Regions Financial Corp. will post $0.87 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Friday, December 9th will be paid a dividend of $0.065 per share. The ex-dividend date is Wednesday, December 7th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.97%. Regions Financial Corp.’s dividend payout ratio is currently 30.59%.

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A number of equities research analysts have commented on the stock. Raymond James Financial Inc. downgraded shares of Regions Financial Corp. from a “strong-buy” rating to an “outperform” rating and set a $10.50 price objective on the stock. in a research report on Thursday, October 6th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $11.50 price objective (up from $11.00) on shares of Regions Financial Corp. in a research report on Friday, October 21st. TheStreet raised shares of Regions Financial Corp. from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Sandler O’Neill downgraded shares of Regions Financial Corp. from a “buy” rating to a “hold” rating and set a $11.50 price objective on the stock. in a research report on Tuesday, November 8th. Finally, Barclays PLC reissued a “sell” rating and issued a $10.00 price objective on shares of Regions Financial Corp. in a research report on Tuesday, October 11th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $10.65.

In related news, EVP William E. Horton sold 50,000 shares of Regions Financial Corp. stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $12.99, for a total value of $649,500.00. Following the completion of the sale, the executive vice president now owns 81,434 shares in the company, valued at $1,057,827.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP William D. Ritter sold 69,410 shares of Regions Financial Corp. stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $10.73, for a total transaction of $744,769.30. Following the completion of the sale, the executive vice president now owns 321,691 shares of the company’s stock, valued at approximately $3,451,744.43. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.

Regions Financial Corp. 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.

5 Day Chart for NYSE:RF

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