Mitsubishi UFJ Trust & Banking Corp Buys 419,930 Shares of Regions Financial Co. (NYSE:RF)

Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Regions Financial Co. (NYSE:RF) by 57.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,153,937 shares of the bank’s stock after acquiring an additional 419,930 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.13% of Regions Financial worth $27,141,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Modern Wealth Management LLC purchased a new stake in Regions Financial in the fourth quarter worth $201,000. Stevens Capital Management LP boosted its holdings in Regions Financial by 49.6% in the fourth quarter. Stevens Capital Management LP now owns 15,548 shares of the bank’s stock worth $366,000 after acquiring an additional 5,154 shares in the last quarter. LPL Financial LLC boosted its stake in Regions Financial by 4.0% in the 4th quarter. LPL Financial LLC now owns 939,376 shares of the bank’s stock worth $22,094,000 after purchasing an additional 36,438 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Regions Financial during the fourth quarter valued at approximately $7,334,000. Finally, AXQ Capital LP purchased a new stake in Regions Financial during the 4th quarter valued at $438,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Price Performance

RF stock opened at $22.24 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The company’s fifty day moving average price is $23.35 and its 200-day moving average price is $23.94. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. The company has a market capitalization of $20.13 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 EPS. On average, equities analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date is Monday, March 3rd. Regions Financial’s payout ratio is 51.55%.

Insider Transactions at Regions Financial

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of Regions Financial stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the acquisition, the director now directly owns 17,486 shares in the company, valued at approximately $370,353.48. This represents a 15.15 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have bought 3,993 shares of company stock valued at $89,682 in the last ninety days. Corporate insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RF. Morgan Stanley restated an “equal weight” rating and issued a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Barclays upped their target price on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Monday, January 6th. Piper Sandler lifted their price target on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Citigroup dropped their target price on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Monday. Finally, Compass Point upped their price target on shares of Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Regions Financial presently has an average rating of “Moderate Buy” and an average price target of $27.28.

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.