M&G Plc reduce its place in Areas Monetary Co. (NYSE:RF – Free Report) by 91.2% within the third quarter, HoldingsChannel.com stories. The agency owned 45,786 shares of the financial institution’s inventory after promoting 475,047 shares throughout the quarter. M&G Plc’s holdings in Areas Monetary had been price $1,053,000 on the finish of the latest reporting interval.
A number of different institutional buyers and hedge funds have additionally just lately modified their holdings of RF. Centennial Wealth Advisory LLC boosted its holdings in Areas Monetary by 3.7% within the third quarter. Centennial Wealth Advisory LLC now owns 19,054 shares of the financial institution’s inventory price $445,000 after shopping for a further 675 shares throughout the interval. Greenwood Capital Associates LLC bought a brand new place in shares of Areas Monetary within the third quarter valued at about $988,000. Catalyst Capital Advisors LLC purchased a brand new place in shares of Areas Monetary within the third quarter price about $90,000. QRG Capital Administration Inc. grew its place in shares of Areas Monetary by 10.6% throughout the third quarter. QRG Capital Administration Inc. now owns 125,439 shares of the financial institution’s inventory price $2,926,000 after buying a further 12,067 shares within the final quarter. Lastly, Nationwide Pension Service raised its stake in Areas Monetary by 6.3% throughout the third quarter. Nationwide Pension Service now owns 1,722,024 shares of the financial institution’s inventory valued at $40,175,000 after buying a further 102,380 shares throughout the interval. 79.39% of the inventory is at the moment owned by institutional buyers.
Areas Monetary Inventory Up 0.9 %
Shares of RF opened at $25.63 on Friday. The corporate has a fast ratio of 0.83, a present ratio of 0.84 and a debt-to-equity ratio of 0.35. The enterprise has a fifty day transferring common of $23.27 and a 200 day transferring common of $21.35. The corporate has a market cap of $23.29 billion, a PE ratio of 14.48, a P/E/G ratio of two.45 and a beta of 1.16. Areas Monetary Co. has a 52-week low of $14.86 and a 52-week excessive of $26.33.
Areas Monetary (NYSE:RF – Get Free Report) final launched its earnings outcomes on Friday, October 18th. The financial institution reported $0.49 earnings per share (EPS) for the quarter, lacking the consensus estimate of $0.53 by ($0.04). The agency had income of $1.79 billion throughout the quarter, in comparison with the consensus estimate of $1.80 billion. Areas Monetary had a return on fairness of 12.60% and a web margin of 18.78%. Areas Monetary’s income was down 3.7% in comparison with the identical quarter final 12 months. Throughout the identical quarter final 12 months, the enterprise posted $0.49 EPS. On common, sell-side analysts count on that Areas Monetary Co. will publish 2.1 EPS for the present 12 months.
Areas Monetary Publicizes Dividend
The agency additionally just lately introduced a quarterly dividend, which will likely be paid on Thursday, January 2nd. Shareholders of document on Monday, December 2nd will likely be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of three.90%. Areas Monetary’s dividend payout ratio (DPR) is presently 56.50%.
Analyst Rankings Modifications
A number of analysis companies have weighed in on RF. Argus upgraded Areas Monetary from a “maintain” ranking to a “purchase” ranking and set a $26.00 value goal for the corporate in a analysis observe on Thursday, October twenty fourth. Royal Financial institution of Canada upped their goal value on shares of Areas Monetary from $21.00 to $23.00 and gave the inventory an “outperform” ranking in a analysis report on Monday, July twenty second. Financial institution of America lifted their value goal on shares of Areas Monetary from $22.00 to $25.00 and gave the corporate a “impartial” ranking in a report on Monday, July twenty second. The Goldman Sachs Group boosted their value goal on shares of Areas Monetary from $25.00 to $28.00 and gave the inventory a “purchase” ranking in a analysis observe on Monday, October seventh. Lastly, DA Davidson raised their value goal on Areas Monetary from $27.00 to $29.00 and gave the corporate a “purchase” ranking in a analysis report on Monday, October twenty first. One funding analyst has rated the inventory with a promote ranking, seven have issued a maintain ranking and eleven have issued a purchase ranking to the corporate. In accordance with MarketBeat.com, the corporate at the moment has a consensus ranking of “Average Purchase” and a consensus value goal of $25.45.
Learn Our Newest Inventory Report on Areas Monetary
About Areas Monetary
Areas Monetary Company, a monetary holding firm, offers banking and bank-related companies to particular person and company prospects. It operates by way of three segments: Company Financial institution, Client Financial institution, and Wealth Administration. The Company Financial institution section affords industrial banking companies, akin to industrial and industrial, industrial actual property, and investor actual property lending; gear lease financing; deposit merchandise; and securities underwriting and placement, mortgage syndication and placement, overseas change, derivatives, merger and acquisition, and different advisory companies.
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