Artemis Investment Management LLP Has $37.04 Million Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Artemis Investment Management LLP trimmed its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 24.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 682,724 shares of the bank’s stock after selling 222,852 shares during the period. Artemis Investment Management LLP’s holdings in Zions Bancorporation, National Association were worth $37,038,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ZION. State Street Corp increased its stake in Zions Bancorporation, National Association by 14.6% in the third quarter. State Street Corp now owns 7,041,818 shares of the bank’s stock valued at $332,515,000 after purchasing an additional 896,889 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Zions Bancorporation, National Association by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,687,988 shares of the bank’s stock valued at $221,367,000 after buying an additional 140,084 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Zions Bancorporation, National Association by 25.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank’s stock worth $126,762,000 after buying an additional 538,049 shares during the period. Geode Capital Management LLC lifted its holdings in Zions Bancorporation, National Association by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,637,917 shares of the bank’s stock worth $124,592,000 after acquiring an additional 30,030 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Zions Bancorporation, National Association by 75.0% in the second quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock valued at $43,294,000 after acquiring an additional 433,513 shares during the period. Institutional investors own 76.84% of the company’s stock.

Insider Activity at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 4,385 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $53.46, for a total transaction of $234,422.10. Following the completion of the sale, the executive vice president now owns 24,714 shares of the company’s stock, valued at $1,321,210.44. This trade represents a 15.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Eric Ellingsen sold 1,238 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $60.84, for a total transaction of $75,319.92. Following the completion of the transaction, the vice president now owns 35,878 shares in the company, valued at approximately $2,182,817.52. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,881 shares of company stock worth $1,108,184. Insiders own 2.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ZION shares. Robert W. Baird raised their price target on Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. UBS Group began coverage on shares of Zions Bancorporation, National Association in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $64.00 price target on the stock. Barclays increased their price objective on shares of Zions Bancorporation, National Association from $52.00 to $59.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. Wells Fargo & Company boosted their price objective on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. Finally, Morgan Stanley increased their target price on Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $58.25.

Zions Bancorporation, National Association Stock Up 1.3 %

ZION stock opened at $58.04 on Friday. The company has a market cap of $8.57 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 2.86 and a beta of 1.12. Zions Bancorporation, National Association has a twelve month low of $37.76 and a twelve month high of $63.22. The business has a 50 day moving average price of $57.30 and a two-hundred day moving average price of $51.60. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same period in the previous year, the company earned $1.13 earnings per share. Analysts anticipate that Zions Bancorporation, National Association will post 4.85 EPS for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.96%. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, November 14th. Zions Bancorporation, National Association’s dividend payout ratio is presently 39.18%.

Zions Bancorporation, National Association Company Profile

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments.