Olistico Wealth LLC Makes New Investment in Regions Financial Corporation $RF

Olistico Wealth LLC acquired a new stake in Regions Financial Corporation (NYSE:RF) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,190 shares of the bank’s stock, valued at approximately $52,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in Regions Financial by 3.7% during the 1st quarter. Wellington Management Group LLP now owns 44,211,562 shares of the bank’s stock worth $960,717,000 after buying an additional 1,562,512 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Regions Financial by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 31,092,742 shares of the bank’s stock valued at $675,645,000 after acquiring an additional 1,909,162 shares in the last quarter. Invesco Ltd. grew its stake in Regions Financial by 35.7% during the 1st quarter. Invesco Ltd. now owns 20,990,446 shares of the bank’s stock worth $456,122,000 after purchasing an additional 5,521,772 shares in the last quarter. Amundi increased its holdings in Regions Financial by 20.4% during the 1st quarter. Amundi now owns 10,010,267 shares of the bank’s stock worth $198,721,000 after purchasing an additional 1,696,347 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Regions Financial by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 5,989,323 shares of the bank’s stock valued at $130,148,000 after purchasing an additional 32,082 shares in the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Regions Financial from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Regions Financial in a report on Saturday, September 27th. Barclays reaffirmed an “underweight” rating and set a $27.00 price target (up from $24.00) on shares of Regions Financial in a report on Monday, July 21st. DA Davidson boosted their target price on Regions Financial from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Finally, Wall Street Zen upgraded shares of Regions Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 5th. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.89.

Regions Financial Stock Performance

Shares of RF stock opened at $26.36 on Friday. The stock’s 50-day moving average price is $26.34 and its 200 day moving average price is $23.48. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $23.52 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.52 and a beta of 1.02. Regions Financial Corporation has a 52-week low of $17.74 and a 52-week high of $27.96.

Regions Financial (NYSE:RF) last released its earnings results on Friday, July 18th. The bank reported $0.60 EPS for the quarter, topping the consensus estimate of $0.56 by $0.04. Regions Financial had a net margin of 21.81% and a return on equity of 13.08%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the business earned $0.52 EPS. The business’s revenue was up 10.1% on a year-over-year basis. As a group, equities research analysts forecast that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.265 per share. This is an increase from Regions Financial’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, September 2nd. This represents a $1.06 annualized dividend and a yield of 4.0%. Regions Financial’s payout ratio is 49.30%.

Insider Buying and Selling

In other Regions Financial news, EVP David R. Keenan sold 30,000 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total transaction of $750,300.00. Following the completion of the transaction, the executive vice president owned 90,915 shares of the company’s stock, valued at approximately $2,273,784.15. This trade represents a 24.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Roger W. Jenkins acquired 4,000 shares of Regions Financial stock in a transaction dated Wednesday, August 13th. The stock was bought at an average price of $25.48 per share, for a total transaction of $101,920.00. Following the completion of the transaction, the director directly owned 6,383 shares of the company’s stock, valued at approximately $162,638.84. This represents a 167.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.29% of the company’s stock.

About Regions Financial

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.