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Lumbard & Kellner Trimmed Regions Finl (RF) Stake by $524,610 as Stock Value Declined; Veritas Investment Management Llp Maintains Position in Laboratory Of America Holdings (LH)

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Lumbard & Kellner Llc decreased its stake in Regions Finl Corp (RF) by 12.67% based on its latest 2018Q1 regulatory filing with the SEC. Lumbard & Kellner Llc sold 29,145 shares as the company’s stock declined 3.99% with the market. The institutional investor held 200,870 shares of the major banks company at the end of 2018Q1, valued at $3.73 million, down from 230,015 at the end of the previous reported quarter. Lumbard & Kellner Llc who had been investing in Regions Finl Corp for a number of months, seems to be less bullish one the $21.07 billion market cap company. The stock increased 0.21% or $0.04 during the last trading session, reaching $18.76. About 3.66 million shares traded. Regions Financial Corporation (NYSE:RF) has risen 33.12% since June 19, 2017 and is uptrending. It has outperformed by 20.55% the S&P500. Some Historical RF News: 20/04/2018 – REGIONS FINANCIAL CORP – EXPECTS REGIONS INSURANCE TRANSACTION WILL GENERATE COMMON EQUITY TIER 1 OF APPROXIMATELY $300 MLN; 20/04/2018 – REGIONS SEES GAIN ON SALE OF INSURANCE UNIT OF $200M; 20/04/2018 – Stocks making the biggest moves premarket: GE, HON, RF, WFC, MAT, SKX & more; 25/04/2018 – REGIONS FINANCIAL CORP – HALL WILL SERVE AS EXECUTIVE CHAIRMAN THROUGH END OF 2018; 02/05/2018 – Regions Bank Social Responsibility Report Highlights Passion to Do More for the Good of Communities; 26/04/2018 – MOODY’S: SLOWDOWN IN NONINTEREST-BEARING DEPOSIT GROWTH IS CREDIT NEGATIVE FOR US BANKS; 06/04/2018 – PRESS RELEASE – REGIONS FINANCIAL AGREES TO SELL INSURANCE BUSINESS TO BB&T INSURANCE HOLDINGS; 20/04/2018 – REGIONS FINANCIAL CORP – WILL HAVE CONSOLIDATED APPROXIMATELY 12 PERCENT OF ITS RETAIL BRANCH NETWORK SINCE END OF 2015; 20/04/2018 – REGIONS FINANCIAL CORP – QTRLY NET CHARGE-OFFS TOTALED $84 MLN COMPARED TO $63 MLN IN PREVIOUS QUARTER; 12/04/2018 – Regions Financial Makes Equity Investment In Lender Price

Veritas Investment Management Llp increased its stake in Laboratory Corp Of America Holdings (LH) by 9.36% based on its latest 2018Q1 regulatory filing with the SEC. Veritas Investment Management Llp bought 28,779 shares as the company’s stock rose 4.18% while stock markets declined. The institutional investor held 336,370 shares of the medical specialities company at the end of 2018Q1, valued at $54.41 million, up from 307,591 at the end of the previous reported quarter. Veritas Investment Management Llp who had been investing in Laboratory Corp Of America Holdings for a number of months, seems to be bullish on the $18.98B market cap company. The stock decreased 0.18% or $0.34 during the last trading session, reaching $185.57. About 193,540 shares traded. Laboratory Corporation of America Holdings (NYSE:LH) has risen 28.45% since June 19, 2017 and is uptrending. It has outperformed by 15.88% the S&P500. Some Historical LH News: 03/05/2018 – LabCorp to Webcast Its Annual Meeting of Shareholders; 25/04/2018 – Laboratory Corporation 1Q Net $173.2M; 24/04/2018 – LABCORP – CO, MOUNT SINAI HEALTH SYSTEM HAVE BEGUN IMPLEMENTING PROGRAM TO STANDARDIZE & OPTIMIZE INPATIENT LAB SERVICES ACROSS MOUNT SINAI SYSTEM; 06/03/2018 – LABCORP – ON TRACK TO DELIVER $150 MLN IN CUMULATIVE NEW REVENUE FROM COVANCE ACQUISITION THROUGH 2018 – SEC FILING; 05/04/2018 – Airware Labs Announces Name Change to ltem 9 Labs Corp. and Files for Ticker Symbol Change with FINRA; 25/05/2018 – LabCorp to Become a Preferred National Laboratory for Aetna; 07/03/2018 – Bionik Laboratories Corp. and Curexo Enter Exclusive Distribution Agreement for Sale of Robotic Rehabilitation Systems in U.S. and South Korea; 23/04/2018 – DJ Laboratory Corporation of America H, Inst Holders, 1Q 2018 (LH); 25/04/2018 – LABCORP 1Q ADJ EPS $2.78, EST. $2.63; 21/04/2018 – DJ Nano Labs Corp, Inst Holders, 1Q 2018 (CTLE)

Among 35 analysts covering Regions Financial Corp (NYSE:RF), 10 have Buy rating, 4 Sell and 21 Hold. Therefore 29% are positive. Regions Financial Corp had 117 analyst reports since August 12, 2015 according to SRatingsIntel. Robert W. Baird maintained Regions Financial Corporation (NYSE:RF) rating on Tuesday, January 2. Robert W. Baird has “Sell” rating and $17.0 target. Rafferty downgraded Regions Financial Corporation (NYSE:RF) on Thursday, April 20 to “Hold” rating. Piper Jaffray maintained Regions Financial Corporation (NYSE:RF) rating on Friday, January 19. Piper Jaffray has “Hold” rating and $18.0 target. The rating was maintained by FBR Capital on Wednesday, December 7 with “Outperform”. The rating was downgraded by Jefferies on Monday, November 28 to “Hold”. As per Monday, November 14, the company rating was upgraded by FBR Capital. As per Monday, June 6, the company rating was upgraded by Keefe Bruyette & Woods. Susquehanna maintained the stock with “Hold” rating in Friday, April 20 report. As per Tuesday, November 8, the company rating was downgraded by Sandler O’Neill. The stock of Regions Financial Corporation (NYSE:RF) has “Buy” rating given on Thursday, August 20 by Sterne Agee CRT.

Lumbard & Kellner Llc, which manages about $141.06 million and $174.64M US Long portfolio, upped its stake in Vanguard Total Stock Market Etf (VTI) by 79,907 shares to 180,727 shares, valued at $24.53 million in 2018Q1, according to the filing.

Investors sentiment decreased to 0.88 in 2018 Q1. Its down 0.30, from 1.18 in 2017Q4. It turned negative, as 43 investors sold RF shares while 221 reduced holdings. 76 funds opened positions while 155 raised stakes. 818.43 million shares or 0.62% less from 823.54 million shares in 2017Q4 were reported. Bnp Paribas Asset Sa reported 0.01% of its portfolio in Regions Financial Corporation (NYSE:RF). Massachusetts-based Loring Wolcott And Coolidge Fiduciary Advsr Ltd Liability Partnership Ma has invested 0% in Regions Financial Corporation (NYSE:RF). Marshwinds Advisory Company holds 22,846 shares or 0.2% of its portfolio. Assetmark reported 0% of its portfolio in Regions Financial Corporation (NYSE:RF). Menta Limited Com invested in 79,025 shares. Suntrust Banks Inc stated it has 60,685 shares. Ameritas Investment Prns invested 0.02% in Regions Financial Corporation (NYSE:RF). Trust Of Vermont invested in 0% or 57 shares. King Luther Management reported 12,100 shares. Madison Inv holds 883,096 shares. Sirios Management Limited Partnership has 2.12% invested in Regions Financial Corporation (NYSE:RF). Howe & Rusling has 4,691 shares. Northwestern Mutual Wealth Mgmt holds 0% of its portfolio in Regions Financial Corporation (NYSE:RF) for 12,830 shares. Moody Comml Bank Trust Division stated it has 11,827 shares. Farmers Merchants Investments Inc holds 0.02% or 13,480 shares in its portfolio.

Analysts await Regions Financial Corporation (NYSE:RF) to report earnings on July, 20. They expect $0.33 earnings per share, up 32.00% or $0.08 from last year’s $0.25 per share. RF’s profit will be $370.63 million for 14.21 P/E if the $0.33 EPS becomes a reality. After $0.35 actual earnings per share reported by Regions Financial Corporation for the previous quarter, Wall Street now forecasts -5.71% negative EPS growth.

Another recent and important Regions Financial Corporation (NYSE:RF) news was published by 247Wallst.com which published an article titled: “Top Analyst Upgrades and Downgrades: BlackRock, Chevron, Disney, Intel, Kinder Morgan, Zillow and More” on June 18, 2018.

More recent Laboratory Corporation of America Holdings (NYSE:LH) news were published by: Streetinsider.com which released: “UnitedHealth Group (UNH) Announces Long-term Strategic Partnership with LabCorp (LH)” on May 24, 2018. Also Bizjournals.com published the news titled: “LabCorp CEO brings in $4.5 million from exercising, selling stock” on May 29, 2018. Businesswire.com‘s news article titled: “LabCorp Expands Drug Development Solutions with Acquisition of Sciformix” with publication date: June 11, 2018 was also an interesting one.

Investors sentiment decreased to 1.08 in Q1 2018. Its down 0.12, from 1.2 in 2017Q4. It dropped, as 26 investors sold LH shares while 233 reduced holdings. 74 funds opened positions while 206 raised stakes. 91.81 million shares or 0.38% more from 91.47 million shares in 2017Q4 were reported. Alphaone Investment Svcs Ltd Liability Co holds 211 shares or 0.01% of its portfolio. Manchester Management Limited Liability has invested 0.14% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Amalgamated Bancorp invested in 0.05% or 12,701 shares. Sawgrass Asset Management Lc holds 2.23% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH) for 287,367 shares. Quantitative Mgmt Lc reported 10,600 shares. Baltimore accumulated 50,373 shares. Eagle Boston Invest Management holds 1,961 shares or 0.03% of its portfolio. Moreover, X Limited Com has 0.01% invested in Laboratory Corporation of America Holdings (NYSE:LH) for 4,561 shares. Northwest Inv Counselors accumulated 16,772 shares or 1.14% of the stock. Ing Groep Nv has 10,411 shares for 0.03% of their portfolio. Eaton Vance Mgmt owns 13,072 shares. Fil Limited reported 0.03% in Laboratory Corporation of America Holdings (NYSE:LH). A D Beadell Investment Counsel accumulated 13,745 shares. South Dakota Inv Council holds 0.03% or 8,400 shares. Security Natl Bank Of So Dak reported 10,735 shares.

Since February 7, 2018, it had 0 insider purchases, and 12 insider sales for $34.00 million activity. BERBERIAN LANCE also sold $1.00 million worth of Laboratory Corporation of America Holdings (NYSE:LH) shares. ANDERSON KERRII B sold $548,124 worth of stock. $8.23 million worth of Laboratory Corporation of America Holdings (NYSE:LH) was sold by KING DAVID P on Friday, March 23. The insider Schechter Adam H sold $213,813. On Wednesday, May 30 the insider EISENBERG GLENN A sold $1.81M. On Wednesday, June 6 Dodson Edward T sold $2.38M worth of Laboratory Corporation of America Holdings (NYSE:LH) or 13,000 shares.

Regions Financial Corporation (NYSE:RF) Institutional Positions Chart

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