Amundi Has $197.65 Million Stock Holdings in Regions Financial Co. (NYSE:RF)

Amundi trimmed its stake in Regions Financial Co. (NYSE:RF) by 30.6% in the fourth quarter, Holdings Channel reports. The firm owned 8,313,920 shares of the bank’s stock after selling 3,665,200 shares during the quarter. Amundi’s holdings in Regions Financial were worth $197,652,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Y.D. More Investments Ltd increased its holdings in Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after buying an additional 634 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of Regions Financial in the 4th quarter valued at about $28,000. Truvestments Capital LLC acquired a new position in shares of Regions Financial during the 3rd quarter worth about $37,000. Legacy Investment Solutions LLC bought a new stake in shares of Regions Financial in the 3rd quarter valued at about $37,000. Finally, Quarry LP lifted its stake in Regions Financial by 29.5% in the 3rd quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after purchasing an additional 394 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Stock Performance

Shares of NYSE:RF opened at $22.10 on Monday. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96. The stock has a market capitalization of $20.01 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The company’s 50 day simple moving average is $23.90 and its 200 day simple moving average is $24.06.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the company posted $0.39 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, research analysts predict that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.53%. The ex-dividend date is Monday, March 3rd. Regions Financial’s payout ratio is 51.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Truist Financial boosted their price target on Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, January 21st. Citigroup increased their price target on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Piper Sandler raised their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Barclays upped their target price on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. Finally, The Goldman Sachs Group lifted their price target on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Regions Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

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.