Sumitomo Mitsui Trust Group Inc. Sells 105,980 Shares of Regions Financial Co. (NYSE:RF)

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of Regions Financial Co. (NYSE:RF) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,406,922 shares of the bank’s stock after selling 105,980 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.26% of Regions Financial worth $56,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Y.D. More Investments Ltd lifted its holdings in shares of Regions Financial by 122.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after acquiring an additional 634 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Regions Financial during the third quarter valued at about $37,000. Legacy Investment Solutions LLC bought a new stake in Regions Financial during the third quarter worth about $37,000. Quarry LP boosted its holdings in shares of Regions Financial by 29.5% in the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock worth $40,000 after purchasing an additional 394 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Regions Financial during the 3rd quarter valued at about $56,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Down 0.8 %

Shares of RF opened at $24.45 on Monday. Regions Financial Co. has a 1-year low of $17.61 and a 1-year high of $27.96. The firm has a market capitalization of $22.22 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 1.97 and a beta of 1.20. The firm’s 50-day moving average price is $24.45 and its 200-day moving average price is $23.76. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 EPS. Sell-side analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current year.

Analysts Set New Price Targets

RF has been the subject of several research reports. Citigroup upped their target price on Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods raised shares of Regions Financial from a “market perform” rating to an “outperform” rating and increased their target price for the company from $27.00 to $28.00 in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $24.00 to $26.00 in a research note on Thursday, October 24th. Argus upgraded Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Thursday, October 24th. Finally, Barclays increased their target price on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.67.

Regions Financial 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.