Kintegral Advisory LLC Cuts Stock Position in Regions Financial Co. (NYSE:RF)

Kintegral Advisory LLC decreased its holdings in shares of Regions Financial Co. (NYSE:RF) by 4.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 96,973 shares of the bank’s stock after selling 4,518 shares during the period. Kintegral Advisory LLC’s holdings in Regions Financial were worth $2,306,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RF. State Street Corp raised its holdings in shares of Regions Financial by 16.3% during the third quarter. State Street Corp now owns 55,485,987 shares of the bank’s stock valued at $1,306,813,000 after acquiring an additional 7,791,399 shares during the last quarter. National Bank of Canada FI raised its position in shares of Regions Financial by 575.8% during the 3rd quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank’s stock valued at $39,784,000 after buying an additional 1,452,956 shares during the period. Allianz Asset Management GmbH raised its position in Regions Financial by 247.0% in the fourth quarter. Allianz Asset Management GmbH now owns 1,738,571 shares of the bank’s stock valued at $40,891,000 after purchasing an additional 1,237,538 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Regions Financial by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank’s stock valued at $648,269,000 after buying an additional 816,226 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Regions Financial in the 3rd quarter worth approximately $17,589,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Trading Down 2.8 %

NYSE:RF opened at $23.39 on Friday. The stock has a market cap of $21.26 billion, a P/E ratio of 12.06, a P/E/G ratio of 1.93 and a beta of 1.20. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96. 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 stock has a 50-day simple moving average of $24.11 and a 200-day simple moving average of $23.92.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS. As a group, analysts anticipate that Regions Financial Co. will post 2.26 earnings per share 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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.28%. The ex-dividend date is Monday, March 3rd. Regions Financial’s payout ratio is 51.55%.

Wall Street Analyst Weigh In

RF has been the topic of several research analyst reports. Keefe, Bruyette & Woods upgraded Regions Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $27.00 to $28.00 in a report on Thursday, October 31st. The Goldman Sachs Group boosted their price target on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Wells Fargo & Company raised their price objective on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, November 15th. Piper Sandler lifted their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Finally, Stephens upgraded shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price on the stock in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.