Parametric Portfolio Associates LLC Decreased Regions Financial Corp (RF) Stake as Market Value Rose

October 13, 2018 - By Richard Conner

Regions Financial Corporation (NYSE:RF) LogoInvestors sentiment increased to 1.16 in Q2 2018. Its up 0.28, from 0.88 in 2018Q1. It increased, as 41 investors sold RF shares while 181 reduced holdings. 67 funds opened positions while 190 raised stakes. 802.09 million shares or 2.00% less from 818.43 million shares in 2018Q1 were reported. Australia-based Amp Capital Ltd has invested 0.07% in Regions Financial Corporation (NYSE:RF). Commercial Bank Of Montreal Can owns 17.18M shares for 0.25% of their portfolio. Pnc Fincl Svcs Group reported 0.02% of its portfolio in Regions Financial Corporation (NYSE:RF). Mitchell Mcleod Pugh Williams has invested 1.13% in Regions Financial Corporation (NYSE:RF). Kings Point Mgmt accumulated 648 shares. Monetary Mgmt Grp has 486 shares for 0% of their portfolio. Ancora Advsrs Ltd Liability Corp holds 0.04% or 53,500 shares. Qs Llc holds 0.12% in Regions Financial Corporation (NYSE:RF) or 690,576 shares. Peak6 Invs Ltd Partnership reported 63,236 shares. Prudential holds 3.37 million shares. Cap Wealth Planning Ltd Company stated it has 34,500 shares. Rhumbline Advisers accumulated 2.21M shares. Ameritas Inv Prns Incorporated holds 0.02% in Regions Financial Corporation (NYSE:RF) or 21,368 shares. Old Natl Bancorporation In holds 0.03% or 31,173 shares in its portfolio. Moreover, Fuller And Thaler Asset Management has 0% invested in Regions Financial Corporation (NYSE:RF) for 3,800 shares.

Parametric Portfolio Associates Llc decreased its stake in Regions Financial Corp (RF) by 3.35% based on its latest 2018Q2 regulatory filing with the SEC. Parametric Portfolio Associates Llc sold 213,367 shares as the company’s stock rose 1.38% with the market. The institutional investor held 6.16M shares of the major banks company at the end of 2018Q2, valued at $109.50M, down from 6.37M at the end of the previous reported quarter. Parametric Portfolio Associates Llc who had been investing in Regions Financial Corp for a number of months, seems to be less bullish one the $19.06 billion market cap company. The stock decreased 2.54% or $0.45 during the last trading session, reaching $17.29. About 19.97 million shares traded or 82.31% up from the average. Regions Financial Corporation (NYSE:RF) has risen 39.78% since October 13, 2017 and is uptrending. It has outperformed by 24.16% the S&P500.

Parametric Portfolio Associates Llc, which manages about $105.56B US Long portfolio, upped its stake in Tech Data Corp (NASDAQ:TECD) by 44,120 shares to 232,784 shares, valued at $19.12 million in 2018Q2, according to the filing. It also increased its holding in Arch Capital Group Ltd (NASDAQ:ACGL) by 687,306 shares in the quarter, for a total of 1.04 million shares, and has risen its stake in Merk Kgaa Ads.

Analysts await Regions Financial Corporation (NYSE:RF) to report earnings on October, 23. They expect $0.36 earnings per share, up 44.00 % or $0.11 from last year’s $0.25 per share. RF’s profit will be $396.90 million for 12.01 P/E if the $0.36 EPS becomes a reality. After $0.34 actual earnings per share reported by Regions Financial Corporation for the previous quarter, Wall Street now forecasts 5.88 % EPS growth.

Another recent and important Regions Financial Corporation (NYSE:RF) news was published by Bizjournals.com which published an article titled: “What Regions’ new plan means for the company and for Birmingham” on October 12, 2018.

Regions Financial Corporation (NYSE:RF) Ratings Coverage

Among 7 analysts covering Regions Financial (NYSE:RF), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Regions Financial had 7 analyst reports since April 20, 2018 according to SRatingsIntel. RBC Capital Markets upgraded the shares of RF in report on Monday, June 18 to “Outperform” rating. The stock of Regions Financial Corporation (NYSE:RF) earned “Hold” rating by FBR Capital on Tuesday, April 24. The firm earned “Hold” rating on Sunday, April 22 by Keefe Bruyette & Woods. The stock of Regions Financial Corporation (NYSE:RF) earned “Neutral” rating by Robert W. Baird on Thursday, June 28. Piper Jaffray maintained the stock with “Hold” rating in Sunday, April 22 report. The rating was maintained by B. Riley & Co on Tuesday, April 24 with “Neutral”. Susquehanna maintained it with “Hold” rating and $2000 target in Friday, April 20 report.

Regions Financial Corporation (NYSE:RF) Institutional Positions Chart

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