Wellington Management Group Discloses Significant Stake in Regions Financial

TL;DR

**Wellington Management Group just revealed a big stake in Regions Financial, signaling institutional confidence.**

AI Summary

Wellington Management Group LLP, a major investment firm, reported on February 8, 2024, that it holds a significant stake in Regions Financial Corporation (RF). This SC 13G filing indicates that as of December 29, 2023, Wellington Management Group LLP is a beneficial owner of RF's common stock. This matters to investors because it signals that a large, institutional investor sees value in Regions Financial, potentially boosting confidence in the stock.

Why It Matters

This filing shows a major institutional investor, Wellington Management Group LLP, has a substantial position in Regions Financial, which can be seen as a vote of confidence in the company's future.

Risk Assessment

Risk Level: low — This filing indicates a large institutional investment, which generally reduces perceived risk by showing professional endorsement.

Analyst Insight

A smart investor would view this institutional filing as a positive signal, potentially indicating a good entry point or reason to hold RF stock, and might research Wellington Management Group's investment thesis for financial sector holdings.

Key Players & Entities

• Wellington Management Group LLP (company) — the reporting person and institutional investor
• Regions Financial Corporation (company) — the issuer of the securities
• December 29, 2023 (date) — the date of the event requiring the filing
• February 8, 2024 (date) — the filing date of the SC 13G

Forward-Looking Statements

• Other institutional investors may increase their positions in Regions Financial Corporation, following Wellington Management Group LLP's lead. (Regions Financial Corporation) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G) — 34KB
• 0000902219-24-000049.txt ( ) — 36KB

From the Filing

SC 13G 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _ ) * Regions Financial Corporation (Name of Issuer) Common Stock (Title of Class of Securities) 7591EP100 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 7591EP100 1. NAMES OF REPORTING PERSONS Wellington Management Group LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 55,775,416 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 55,775,416 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 55,775,416 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.00% 12. TYPE OF REPORTING PERSON HC CUSIP No. 7591EP100 1. NAMES OF REPORTING PERSONS Wellington Group Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 55,775,416 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 55,775,416 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 55,775,416 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.00% 12. TYPE OF REPORTING PERSON HC CUSIP No. 7591EP100 1. NAMES OF REPORTING PERSONS Wellington Investment Advisors Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 55,775,416 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 55,775,416 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 55,775,416 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.00% 12. TYPE OF REPORTING PERSON HC CUSIP No. 7591EP100 1. NAMES OF REPORTING PERSONS Wellington Management Company LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 55,775,416 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 55,775,416 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 55,775,416 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.00% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Regions Financial Corporation (b) Address of Issuer's Principal Executive Offices 1900 Fifth Avenue North Birmingham, AL 35203 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP Wellington Management Company LLP (b) Address of Principal Business Office or, if None, Residence c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 (c) Citizenship Wellington Management Group LLP - Massachusetts Wellington Group Holdings LLP - Delaware Wellington Investment Advisors Holdings LLP - Delaware Wellington Management Company LLP - Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 7591EP100 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance

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View this SC 13G filing on SEC EDGAR