Regions Financial stock is trading -30.83% below its average target price of $20.74 after dropping -13.0% during today's afternoon session. Analysts are giving the large-cap Banking company an average rating of buy and target prices ranging from $17.0 to $26.0 per share.
The stock has an average amount of shares sold short at 3.9%, and a short ratio of 3.5. The company's insiders own 0.24% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 78.3% of Regions Financial's shares being owned by this investor type.
Institutions Invested in Regions Financial
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 12% | 111,603,208 | $1,600,948,048 |
| 2023-06-30 | Blackrock Inc. | 10% | 90,772,415 | $1,302,130,317 |
| 2023-06-30 | Wellington Management Group, LLP | 5% | 49,663,622 | $712,424,670 |
| 2023-06-30 | State Street Corporation | 5% | 49,043,749 | $703,532,592 |
| 2023-06-30 | JP Morgan Chase & Company | 2% | 22,334,755 | $320,392,066 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 20,357,304 | $292,025,531 |
| 2023-06-30 | Charles Schwab Investment Management, Inc. | 2% | 19,551,492 | $280,466,157 |
| 2023-06-30 | Morgan Stanley | 2% | 15,701,285 | $225,234,937 |
| 2023-06-30 | Amundi | 2% | 14,818,471 | $212,570,970 |
| 2023-06-30 | Lsv Asset Management | 2% | 14,742,388 | $211,479,559 |
Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Regions Financial.
