Regions Financial Co. (NYSE:RF) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC raised its holdings in Regions Financial Co. (NYSE:RF) by 7.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,669 shares of the bank’s stock after buying an additional 5,101 shares during the period. MML Investors Services LLC’s holdings in Regions Financial were worth $1,672,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Citigroup Inc. raised its position in shares of Regions Financial by 20.0% during the 3rd quarter. Citigroup Inc. now owns 1,519,299 shares of the bank’s stock worth $35,445,000 after acquiring an additional 253,708 shares in the last quarter. Commerce Bank increased its stake in Regions Financial by 392.5% in the third quarter. Commerce Bank now owns 248,325 shares of the bank’s stock valued at $5,793,000 after purchasing an additional 197,900 shares during the last quarter. National Pension Service raised its holdings in Regions Financial by 6.3% during the third quarter. National Pension Service now owns 1,722,024 shares of the bank’s stock worth $40,175,000 after purchasing an additional 102,380 shares in the last quarter. National Bank of Canada FI lifted 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 worth $39,784,000 after buying an additional 1,452,956 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Regions Financial in the 3rd quarter valued at $3,451,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Stock Down 2.3 %

Shares of NYSE:RF opened at $24.60 on Wednesday. The company has a market cap of $22.36 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 2.64 and a beta of 1.19. Regions Financial Co. has a fifty-two week low of $17.42 and a fifty-two week high of $27.96. The firm’s 50-day simple moving average is $25.20 and its 200-day simple moving average is $22.64. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35.

Regions Financial (NYSE:RF) last released its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. As a group, equities research analysts predict that Regions Financial Co. will post 2.12 earnings per share for the current year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Monday, December 2nd. Regions Financial’s dividend payout ratio (DPR) is currently 56.50%.

Wall Street Analyst Weigh In

RF has been the subject of a number of research reports. Compass Point boosted 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. StockNews.com raised Regions Financial from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Citigroup raised their price target on Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. The Goldman Sachs Group boosted their price objective on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Argus upgraded shares of Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Thursday, October 24th. One equities 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $27.61.

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.