MARSHALL WACE ASIA Ltd Buys Shares of 1,964,890 Regions Financial Corp (RF)

MARSHALL WACE ASIA Ltd bought a new position in shares of Regions Financial Corp (NYSE:RF) during the third quarter, HoldingsChannel reports. The firm bought 1,964,890 shares of the bank’s stock, valued at approximately $36,056,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Rational Advisors LLC raised its holdings in shares of Regions Financial by 245.8% in the 3rd quarter. Rational Advisors LLC now owns 6,217 shares of the bank’s stock valued at $114,000 after purchasing an additional 4,419 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of Regions Financial in the 3rd quarter valued at $114,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Regions Financial by 8,481.6% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,522 shares of the bank’s stock valued at $116,000 after purchasing an additional 6,446 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Regions Financial in the 2nd quarter valued at $116,000. Finally, Advisory Services Network LLC raised its holdings in shares of Regions Financial by 61.6% in the 2nd quarter. Advisory Services Network LLC now owns 7,694 shares of the bank’s stock valued at $141,000 after purchasing an additional 2,933 shares in the last quarter. Institutional investors own 77.11% of the company’s stock.

Regions Financial stock traded down $0.29 during midday trading on Thursday, hitting $15.30. 19,708,800 shares of the company’s stock were exchanged, compared to its average volume of 11,875,094. Regions Financial Corp has a 12-month low of $14.81 and a 12-month high of $20.21. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $16.12 billion, a P/E ratio of 15.30, a PEG ratio of 0.87 and a beta of 1.29.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.04). Regions Financial had a return on equity of 10.15% and a net margin of 26.39%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the business posted $0.25 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities analysts expect that Regions Financial Corp will post 1.44 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Thursday, December 6th. Regions Financial’s payout ratio is currently 56.00%.

A number of equities research analysts have recently weighed in on the stock. Wedbush set a $22.00 price objective on shares of Regions Financial and gave the company a “buy” rating in a report on Friday, September 7th. Vining Sparks restated a “buy” rating and issued a $22.00 price objective on shares of Regions Financial in a report on Tuesday, October 9th. B. Riley set a $20.00 price objective on shares of Regions Financial and gave the company a “hold” rating in a report on Monday, October 15th. Raymond James upgraded shares of Regions Financial from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, October 31st. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. upgraded shares of Regions Financial from a “neutral” rating to an “overweight” rating and set a $16.20 price objective on the stock in a report on Sunday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Regions Financial presently has an average rating of “Hold” and a consensus price target of $18.68.

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Regions Financial Company Profile

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

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Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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