Royal Bank Cuts Stake in Regions Financial

Royal Bank of Canada sold 1.16 million shares of Regions Financial Corporation in the first quarter, reducing its stake by 17.5%. The bank's stock ownership now stands at approximately 0.64% of Regions Financial's total worth, valued at $142.8 million.

The sale is part of a larger trend of institutional investors adjusting their stakes in the company. Darwin Wealth Management LLC purchased a new position in Regions Financial during the second quarter, while SouthState Bank Corp increased its stake by 94.1% and Spire Wealth Management boosted its holding by 91.5%.

Regions Financial's stock performance has been mixed this year, with a 1-year high of $32.47 and a low of $22.70. The company's market capitalization stands at $26.33 billion, with a PE ratio of 12.59 and a PEG ratio of 1.18.