World Asset Management Inc Cuts Holdings in Regions Financial Corp (RF)

World Asset Management Inc cut its position in shares of Regions Financial Corp (NYSE:RF) by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,495 shares of the bank’s stock after selling 7,122 shares during the quarter. World Asset Management Inc’s holdings in Regions Financial were worth $809,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in RF. Renaissance Technologies LLC purchased a new position in Regions Financial during the second quarter worth about $8,751,000. United Services Automobile Association boosted its holdings in Regions Financial by 41.2% during the second quarter. United Services Automobile Association now owns 1,087,918 shares of the bank’s stock worth $19,343,000 after purchasing an additional 317,256 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in Regions Financial by 10.1% during the third quarter. CENTRAL TRUST Co now owns 69,323 shares of the bank’s stock worth $1,273,000 after purchasing an additional 6,332 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Regions Financial during the third quarter worth about $709,000. Finally, Copper Rock Capital Partners LLC boosted its holdings in Regions Financial by 12.2% during the third quarter. Copper Rock Capital Partners LLC now owns 575,505 shares of the bank’s stock worth $10,670,000 after purchasing an additional 62,429 shares during the last quarter. Institutional investors and hedge funds own 76.42% of the company’s stock.

Shares of RF stock opened at $15.59 on Thursday. The stock has a market capitalization of $16.08 billion, a price-to-earnings ratio of 11.46, a P/E/G ratio of 0.83 and a beta of 1.48. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.90 and a current ratio of 0.90. Regions Financial Corp has a 52 week low of $12.39 and a 52 week high of $20.21.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, January 18th. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.49 billion. Regions Financial had a return on equity of 10.84% and a net margin of 27.23%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 EPS. Research analysts predict that Regions Financial Corp will post 1.58 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.59%. The ex-dividend date is Thursday, March 7th. Regions Financial’s dividend payout ratio is 41.18%.

Several research firms recently weighed in on RF. Wedbush cut shares of Regions Financial from an “outperform” rating to a “neutral” rating and set a $17.00 price target on the stock. in a report on Monday, February 4th. They noted that the move was a valuation call. Credit Suisse Group began coverage on shares of Regions Financial in a report on Monday. They set a “neutral” rating and a $17.00 price target on the stock. Nomura restated a “reduce” rating and set a $14.90 price target (down from $17.00) on shares of Regions Financial in a report on Monday, December 10th. JPMorgan Chase & Co. upgraded shares of Regions Financial from a “neutral” rating to an “overweight” rating and set a $16.20 price target on the stock in a report on Sunday, December 2nd. Finally, Raymond James lowered their price objective on shares of Regions Financial from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 24th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.41.

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Regions Financial Company Profile

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

Further Reading: Return On Assets

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

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