Regions Financial Corporation (RF) Shares Bought by Tredje AP fonden

Tredje AP fonden grew its stake in shares of Regions Financial Corporation (NYSE:RF) by 26.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,414 shares of the bank’s stock after acquiring an additional 28,520 shares during the quarter. Tredje AP fonden’s holdings in Regions Financial were worth $2,108,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of RF. OMERS ADMINISTRATION Corp acquired a new stake in Regions Financial during the 2nd quarter worth approximately $1,259,000. Koch Industries Inc. acquired a new stake in Regions Financial during the 2nd quarter worth approximately $614,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Regions Financial by 17.9% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 295,359 shares of the bank’s stock worth $4,324,000 after purchasing an additional 44,909 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Regions Financial by 35.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 432,686 shares of the bank’s stock worth $6,335,000 after purchasing an additional 113,610 shares in the last quarter. Finally, Synovus Financial Corp increased its position in Regions Financial by 4.8% during the 2nd quarter. Synovus Financial Corp now owns 155,071 shares of the bank’s stock worth $2,272,000 after purchasing an additional 7,078 shares in the last quarter. 75.70% of the stock is owned by institutional investors.

A number of research firms recently issued reports on RF. Jefferies Group reissued a “hold” rating and set a $16.00 target price on shares of Regions Financial in a research report on Friday, August 11th. Royal Bank Of Canada reissued a “hold” rating and set a $16.00 target price on shares of Regions Financial in a research report on Wednesday, October 25th. Piper Jaffray Companies reissued a “hold” rating and set a $14.50 target price on shares of Regions Financial in a research report on Thursday, August 17th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $15.50 target price on shares of Regions Financial in a research report on Wednesday, August 16th. Finally, SunTrust Banks reissued a “buy” rating and set a $19.00 target price on shares of Regions Financial in a research report on Wednesday, November 29th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $15.63.

Shares of Regions Financial Corporation (NYSE RF) traded down $0.08 during trading hours on Wednesday, reaching $16.87. 11,925,100 shares of the company’s stock traded hands, compared to its average volume of 15,162,780. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.84. Regions Financial Corporation has a one year low of $13.00 and a one year high of $17.17. The firm has a market capitalization of $19,661.51, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 1.53 and a beta of 1.30.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.25 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. Regions Financial had a net margin of 20.14% and a return on equity of 7.56%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company earned $0.24 earnings per share. Regions Financial’s revenue for the quarter was down 1.3% on a year-over-year basis. equities research analysts anticipate that Regions Financial Corporation will post 0.99 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, December 7th. Regions Financial’s dividend payout ratio (DPR) is 37.50%.

In other news, EVP Scott M. Peters sold 25,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $15.84, for a total transaction of $396,000.00. Following the completion of the transaction, the executive vice president now directly owns 121,459 shares in the company, valued at approximately $1,923,910.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John B. Owen sold 40,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total value of $626,800.00. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.

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Regions Financial 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.

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

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