Charles Schwab Investment Management Inc. Grows Stake in Regions Financial Co. (NYSE:RF)

Charles Schwab Investment Management Inc. lifted its stake in Regions Financial Co. (NYSE:RF) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,786,933 shares of the bank’s stock after buying an additional 816,226 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Regions Financial were worth $648,269,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its holdings in Regions Financial by 0.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,226,353 shares of the bank’s stock worth $191,921,000 after acquiring an additional 61,426 shares during the period. Thompson Siegel & Walmsley LLC purchased a new position in shares of Regions Financial in the third quarter valued at $7,396,000. Intech Investment Management LLC grew its holdings in Regions Financial by 24.9% during the 3rd quarter. Intech Investment Management LLC now owns 104,866 shares of the bank’s stock valued at $2,447,000 after purchasing an additional 20,929 shares in the last quarter. Commerce Bank increased its stake in Regions Financial by 392.5% during the 3rd quarter. Commerce Bank now owns 248,325 shares of the bank’s stock worth $5,793,000 after buying an additional 197,900 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Regions Financial in the 3rd quarter worth $3,451,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Stock Up 1.8 %

Regions Financial stock opened at $26.74 on Friday. Regions Financial Co. has a 52 week low of $15.79 and a 52 week high of $26.92. The stock has a market cap of $24.30 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 2.72 and a beta of 1.16. The company’s 50-day moving average price is $23.85 and its two-hundred day moving average price is $21.74. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. Regions Financial’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. On average, analysts expect that Regions Financial Co. will post 2.12 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 3.74%. Regions Financial’s dividend payout ratio is currently 56.50%.

Analyst Upgrades and Downgrades

RF has been the topic of a number of analyst reports. Evercore ISI lifted their target price on Regions Financial from $24.50 to $26.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 2nd. DA Davidson upped their target price on Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Citigroup lifted their price target on shares of Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a “hold” rating to a “buy” rating and raised their price objective for the stock from $24.00 to $26.00 in a report on Thursday, October 24th. Finally, Morgan Stanley upped their target price on shares of Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.41.

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.