Wealthcare Advisory Partners LLC Boosts Stock Position in Regions Financial Co. (NYSE:RF)

Wealthcare Advisory Partners LLC raised its position in shares of Regions Financial Co. (NYSE:RF) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 70,822 shares of the bank’s stock after buying an additional 529 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Regions Financial were worth $1,666,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. State Street Corp raised its stake in shares of Regions Financial by 16.3% during the 3rd quarter. State Street Corp now owns 55,485,987 shares of the bank’s stock worth $1,306,813,000 after acquiring an additional 7,791,399 shares in the last quarter. National Bank of Canada FI grew its holdings in Regions Financial by 575.8% in the third quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank’s stock worth $39,784,000 after purchasing an additional 1,452,956 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Regions Financial by 13.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock valued at $201,238,000 after purchasing an additional 1,014,706 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Regions Financial by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank’s stock valued at $648,269,000 after purchasing an additional 816,226 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Regions Financial during the 3rd quarter worth $17,589,000. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Trading Down 1.2 %

RF stock opened at $24.24 on Friday. Regions Financial Co. has a 52-week low of $17.42 and a 52-week high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The firm has a market cap of $22.03 billion, a P/E ratio of 13.69, a PEG ratio of 2.21 and a beta of 1.21. The company’s 50-day simple moving average is $25.11 and its 200-day simple moving average is $23.39.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1,857,300 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. Regions Financial’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. As a group, equities analysts forecast that Regions Financial Co. will post 2.07 EPS for the current fiscal year.

Analyst Ratings Changes

RF has been the subject of a number of research analyst reports. Citigroup increased their price target on Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Argus upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Thursday, October 24th. StockNews.com upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Barclays lifted their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised Regions Financial from a “market perform” rating to an “outperform” rating and upped their target price for the company from $27.00 to $28.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.67.

Regions Financial Company Profile

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.