Goldman Sachs Group Inc. Reduces Stake in Regions Financial Co.

Goldman Sachs Group Inc. has made a significant move by reducing its stake in Regions Financial Co. by 21.0% in the fourth quarter, according to recent filings with the Securities and Exchange Commission (SEC). The institutional investor sold nearly 2 million shares of the bank’s stock, bringing their total ownership down to 0.80% of Regions Financial’s total worth.

This move by Goldman Sachs comes as a number of other institutional investors have also been adjusting their positions in RF. Advisor Resource Council, abrdn plc, Mizuho Markets Americas LLC, Public Employees Retirement Association of Colorado, and BNP Paribas Financial Markets have all made changes to their holdings in the bank’s stock.

Wall Street analysts have been closely monitoring Regions Financial, with various reports and ratings being issued recently. Despite some analysts lowering their price targets, others have upgraded the stock and raised their price targets, indicating a mixed sentiment in the market.

In other news, insider transactions at Regions Financial have also been making headlines. Director William C. Rhodes III recently purchased 50,000 shares of the company’s stock, while EVP William D. Ritter sold 23,000 shares. These transactions have caught the attention of investors and analysts alike.

Despite these developments, Regions Financial’s stock saw a slight decline of 0.5% on Friday, trading at $18.65 per share. The company recently reported its earnings results, falling short of analysts’ expectations. However, Regions Financial did announce a quarterly dividend, providing some positive news for investors.

Overall, Regions Financial continues to be a focus of attention for investors and analysts, with its performance and strategic moves being closely watched. The company’s upcoming earnings and dividend payments will be key factors to monitor in the coming months.