Shell Asset Management Co Has Lifted Imperial Oil LTD (IMO) Stake By $440,300; Regions Financial (RF) Has 1.12 Sentiment

October 12, 2017 - By Linda Rogers

Regions Financial Corporation is a financial holding company. The company has market cap of $18.03 billion. The Firm conducts its banking activities through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It has a 15.93 P/E ratio. It operates in three divisions: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking services and products related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.

Shell Asset Management Co increased Imperial Oil Ltd (IMO) stake by 14.17% reported in 2017Q2 SEC filing. Shell Asset Management Co acquired 11,900 shares as Imperial Oil Ltd (IMO)’s stock declined 11.40%. The Shell Asset Management Co holds 95,893 shares with $3.63 million value, up from 83,993 last quarter. Imperial Oil Ltd now has $26.16 billion valuation. The stock declined 1.42% or $0.45 reaching $31.19 on the news. About 37,316 shares traded. Imperial Oil Ltd (USA) (NYSEMKT:IMO) has declined 6.78% since October 12, 2016 and is downtrending. It has underperformed by 23.48% the S&P500.

Analysts await Regions Financial Corp (NYSE:RF) to report earnings on October, 17. They expect $0.26 earnings per share, up 8.33% or $0.02 from last year’s $0.24 per share. RF’s profit will be $312.10M for 14.44 P/E if the $0.26 EPS becomes a reality. After $0.25 actual earnings per share reported by Regions Financial Corp for the previous quarter, Wall Street now forecasts 4.00% EPS growth.

About 1.95 million shares traded. Regions Financial Corp (RF) has risen 48.79% since October 12, 2016 and is uptrending. It has outperformed by 32.09% the S&P500.

Ratings analysis reveals 33% of Regions Fincl’s analysts are positive. Out of 9 Wall Street analysts rating Regions Fincl, 3 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $10.5 while the high is $15.0. The stock’s average target of $12.50 is -16.78% below today’s ($15.02) share price. RF was included in 9 notes of analysts from October 6, 2016. The rating was maintained by Barclays Capital on Tuesday, January 3 with “Underweight”. The stock of Regions Financial Corp (NYSE:RF) has “Neutral” rating given on Thursday, December 1 by Susquehanna. SunTrust upgraded the stock to “Buy” rating in Thursday, February 16 report. The firm has “Outperform” rating given on Thursday, October 6 by Raymond James. Sandler O’Neill downgraded the stock to “Hold” rating in Tuesday, November 8 report. FBR Capital downgraded the shares of RF in report on Tuesday, October 11 to “Mkt Perform” rating. As per Monday, November 28, the company rating was downgraded by Jefferies. The stock has “Outperform” rating by Wedbush on Friday, October 7. On Wednesday, November 16 the stock rating was downgraded by Piper Jaffray to “Neutral”.

Fieldpoint Private Advisors Inc holds 4.91% of its portfolio in Regions Financial Corp for 6,495 shares. Elizabeth Park Capital Advisors Ltd. owns 686,470 shares or 3.96% of their US portfolio. Moreover, Samlyn Capital Llc has 3.24% invested in the company for 9.07 million shares. The Arkansas-based Forest Hill Capital Llc has invested 3.13% in the stock. Schneider Capital Management Corp, a Pennsylvania-based fund reported 937,298 shares.

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