Hrt Financial Lowers stake in Regions Financial Corp (RF)

Regions Financial Corp (RF) : Hrt Financial reduced its stake in Regions Financial Corp by 0.92% during the most recent quarter end. The investment management company now holds a total of 40,417 shares of Regions Financial Corp which is valued at $363,349 after selling 374 shares in Regions Financial Corp , the firm said in a disclosure report filed with the SEC on May 13, 2016.Regions Financial Corp makes up approximately 0.38% of Hrt Financial’s portfolio.

Other Hedge Funds, Including , Cantab Capital Partners Llp reduced its stake in RF by selling 21,732 shares or 88.55% in the most recent quarter. The Hedge Fund company now holds 2,809 shares of RF which is valued at $25,253. Regions Financial Corp makes up approx 0.01% of Cantab Capital Partners Llp’s portfolio.Capwealth Advisors boosted its stake in RF in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 1,354 shares of Regions Financial Corp which is valued at $12,172.Engineers Gate Manager Lp boosted its stake in RF in the latest quarter, The investment management firm added 188,730 additional shares and now holds a total of 619,881 shares of Regions Financial Corp which is valued at $5.6 Million. Regions Financial Corp makes up approx 0.44% of Engineers Gate Manager Lp’s portfolio.Mcf Advisors boosted its stake in RF in the latest quarter, The investment management firm added 71 additional shares and now holds a total of 14,158 shares of Regions Financial Corp which is valued at $128,555. Regions Financial Corp makes up approx 0.03% of Mcf Advisors’s portfolio.State Of Wisconsin Investment Board reduced its stake in RF by selling 1,094,660 shares or 39.23% in the most recent quarter. The Hedge Fund company now holds 1,695,926 shares of RF which is valued at $15.4 Million. Regions Financial Corp makes up approx 0.06% of State Of Wisconsin Investment Board’s portfolio.

Regions Financial Corp opened for trading at $9.73 and hit $9.9 on the upside on Wednesday, eventually ending the session at $9.85, with a gain of 2.07% or 0.2 points. The heightened volatility saw the trading volume jump to 1,74,12,576 shares. Company has a market cap of $12,477 M.

On the company’s financial health, Regions Financial Corp reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 15, 2016. Analyst had a consensus of $0.19. The company had revenue of $1368.00 million for the quarter, compared to analysts expectations of $1339.58 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Investors should note that on Apr 21, 2016, Regions Financial Corp announced a cash dividend of $0.0650. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jul 1, 2016.

Many Wall Street Analysts have commented on Regions Financial Corp. Shares were Reiterated by Compass Point on May 19, 2016 to “Buy” and Lowered the Price Target to $ 11.50 from a previous price target of $12 .Shares were Downgraded by Keefe Bruyette on May 16, 2016 to ” Underperform” and Lowered the Price Target to $ 9.50 from a previous price target of $10 .FBR Capital Upgraded Regions Financial Corp on Apr 19, 2016 to ” Outperform”, Price Target of the shares are set at $10.50.

Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank an Alabama state-chartered commercial bank which is a member of the Federal Reserve System. The Company carries out its business in three segments: Corporate Bank Consumer Bank and Wealth Management. The Corporate Bank segment represents the Company’s commercial banking functions including commercial and industrial commercial real estate and investor real estate lending. The Consumer Bank segment represents the Company’s branch network including consumer banking products and services related to residential first mortgages home equity lines and loans and small business loans among others. The Wealth Management segment offers individuals businesses Governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.

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