DekaBank Deutsche Girozentrale elevated its holdings in Areas Monetary Co. (NYSE:RF – Get Score) by 6.1% within the third quarter, based on its most up-to-date submitting with the SEC. The institutional investor owned 287,961 shares of the financial institution’s inventory after shopping for an extra 16,448 shares throughout the quarter. DekaBank Deutsche Girozentrale’s holdings in Areas Monetary had been price $5,639,000 on the finish of the newest reporting interval.
Different massive traders additionally not too long ago purchased and bought shares of the corporate. First Belief Advisors LP grew its stake in shares of Areas Monetary by 296.5% throughout the 1st quarter. First Belief Advisors LP now owns 10,552,656 shares of the financial institution’s inventory valued at $234,902,000 after buying an extra 7,891,037 shares throughout the interval. Nice West Life Assurance Co. Can purchased a brand new stake in shares of Areas Monetary throughout the third quarter valued at about $50,869,000. Wells Fargo & Firm MN lifted its place in shares of Areas Monetary by 134.9% throughout the 2nd quarter. Wells Fargo & Firm MN now owns 3,023,005 shares of the financial institution’s inventory valued at $56,681,000 after shopping for an extra 1,736,263 shares within the final quarter. Financial institution of Montreal Can lifted its place in shares of Areas Monetary by 30.3% throughout the 2nd quarter. Financial institution of Montreal Can now owns 5,877,002 shares of the financial institution’s inventory valued at $116,248,000 after shopping for an extra 1,367,943 shares within the final quarter. Lastly, Amundi lifted its place in shares of Areas Monetary by 17.9% throughout the 2nd quarter. Amundi now owns 6,485,502 shares of the financial institution’s inventory valued at $119,260,000 after shopping for an extra 983,546 shares within the final quarter. 72.87% of the inventory is at the moment owned by institutional traders.
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Analyst Scores Modifications
RF has been the subject of plenty of analysis analyst experiences. Raymond James lower Areas Monetary from an “outperform” ranking to a “market carry out” ranking in a report on Monday, November twenty first. Jefferies Monetary Group lower Areas Monetary from a “purchase” ranking to a “maintain” ranking in a report on Monday, January ninth. Wolfe Analysis raised Areas Monetary from a “market carry out” ranking to an “outperform” ranking and set a $24.00 worth goal on the inventory in a report on Thursday, December 1st. Compass Level decreased their worth goal on Areas Monetary to $23.00 in a report on Thursday, October twentieth. Lastly, JPMorgan Chase & Co. upped their worth goal on Areas Monetary from $23.50 to $25.00 in a report on Wednesday, November 2nd. Ten analysis analysts have rated the inventory with a maintain ranking and 6 have assigned a purchase ranking to the corporate. In line with knowledge from MarketBeat, Areas Monetary at the moment has a consensus ranking of “Maintain” and a mean worth goal of $24.50.
Areas Monetary Buying and selling Up 4.6 %
Areas Monetary inventory opened at $22.69 on Friday. The inventory has a 50-day shifting common worth of $22.01 and a 200 day shifting common worth of $21.51. The corporate has a fast ratio of 0.81, a present ratio of 0.81 and a debt-to-equity ratio of 0.17. The corporate has a market capitalization of $21.20 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 0.89 and a beta of 1.21. Areas Monetary Co. has a 52 week low of $18.01 and a 52 week excessive of $25.57.
Areas Monetary (NYSE:RF – Get Score) final introduced its quarterly earnings outcomes on Friday, October twenty first. The financial institution reported $0.56 earnings per share for the quarter, lacking the consensus estimate of $0.59 by ($0.03). The corporate had income of $1.87 billion for the quarter, in comparison with analysts’ expectations of $1.81 billion. Areas Monetary had a web margin of 28.34% and a return on fairness of 14.13%. The agency’s income was up 15.9% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the prior 12 months, the enterprise posted $0.66 earnings per share. Promote-side analysts anticipate that Areas Monetary Co. will put up 2.38 EPS for the present 12 months.
Areas Monetary Firm Profile
Areas Monetary Corp. operates as a financial institution holding firm. It supplies conventional industrial, retail and mortgage banking companies, in addition to different monetary companies within the fields of funding banking, asset administration, belief, mutual funds, securities brokerage, insurance coverage and different financing. The agency operates by means of the next segments: Company Financial institution, Client Financial institution, Wealth Administration, and Different.
Additional Studying
Wish to see what different hedge funds are holding RF? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Areas Monetary Co. (NYSE:RF – Get Score).
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