Asset Management One Co. Ltd. Raises Stock Holdings in Regions Financial Corp (NYSE:RF)

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Asset Management One Co. Ltd. increased its stake in Regions Financial Corp (NYSE:RF) by 7.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 562,950 shares of the bank’s stock after acquiring an additional 37,105 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of Regions Financial worth $8,409,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RF. Investors Asset Management of Georgia Inc. GA ADV grew its position in Regions Financial by 1.4% in the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 49,220 shares of the bank’s stock worth $735,000 after purchasing an additional 700 shares during the last quarter. Avestar Capital LLC grew its position in shares of Regions Financial by 7.6% during the 1st quarter. Avestar Capital LLC now owns 10,804 shares of the bank’s stock worth $137,000 after buying an additional 762 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Regions Financial by 0.5% during the second quarter. Nomura Asset Management Co. Ltd. now owns 193,926 shares of the bank’s stock valued at $2,897,000 after purchasing an additional 870 shares during the period. Hillsdale Investment Management Inc. grew its holdings in Regions Financial by 2.7% during the second quarter. Hillsdale Investment Management Inc. now owns 33,700 shares of the bank’s stock valued at $503,000 after purchasing an additional 900 shares during the period. Finally, Jag Capital Management LLC grew its holdings in Regions Financial by 1.4% during the second quarter. Jag Capital Management LLC now owns 64,880 shares of the bank’s stock valued at $969,000 after purchasing an additional 908 shares during the period. Institutional investors and hedge funds own 71.40% of the company’s stock.

A number of analysts have recently commented on the stock. Jefferies Financial Group raised shares of Regions Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $16.00 to $18.00 in a research report on Tuesday. Citigroup lowered shares of Regions Financial from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $16.00 to $14.00 in a research report on Tuesday. ValuEngine upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. SunTrust Banks cut their price objective on shares of Regions Financial from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Finally, UBS Group increased their target price on shares of Regions Financial from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Three analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. Regions Financial presently has an average rating of “Hold” and an average price target of $16.94.

In other Regions Financial news, COO John B. Owen sold 40,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $14.63, for a total transaction of $585,200.00. Following the transaction, the chief operating officer now directly owns 87,152 shares in the company, valued at approximately $1,275,033.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Hardie B. Kimbrough, Jr. sold 7,148 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $14.68, for a total value of $104,932.64. Following the transaction, the insider now owns 34,482 shares in the company, valued at $506,195.76. The disclosure for this sale can be found here. In the last three months, insiders sold 136,436 shares of company stock valued at $2,024,102. 0.28% of the stock is currently owned by insiders.

NYSE:RF traded up $0.32 on Friday, reaching $15.43. 9,139,922 shares of the stock traded hands, compared to its average volume of 9,175,650. The firm has a market capitalization of $14.88 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 1.26 and a beta of 1.55. Regions Financial Corp has a 1-year low of $12.39 and a 1-year high of $18.00. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average is $15.29 and its 200-day moving average is $14.93.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, July 19th. The bank reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.49 billion. Regions Financial had a net margin of 26.43% and a return on equity of 10.86%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 EPS. On average, equities research analysts forecast that Regions Financial Corp will post 1.54 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were given a $0.155 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.62 annualized dividend and a yield of 4.02%. This is an increase from Regions Financial’s previous quarterly dividend of $0.14. Regions Financial’s dividend payout ratio (DPR) is presently 45.59%.

Regions Financial announced that its board has approved a share buyback program on Thursday, June 27th that allows the company to buyback $1.37 billion in outstanding shares. This buyback authorization allows the bank to purchase up to 9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Regions Financial Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. 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 services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.

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

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