Rockefeller Capital Management L.P. Has $8.59 Million Stock Holdings in Zions Bancorporation, National Association (NASDAQ:ZION)

Rockefeller Capital Management L.P. lessened its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,430 shares of the bank’s stock after selling 397 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.11% of Zions Bancorporation, National Association worth $8,591,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ZION. Norges Bank acquired a new position in shares of Zions Bancorporation, National Association in the fourth quarter worth $73,542,000. Boston Partners bought a new stake in shares of Zions Bancorporation, National Association in the 4th quarter valued at approximately $33,961,000. Vanguard Group Inc. grew its stake in shares of Zions Bancorporation, National Association by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 19,037,323 shares of the bank’s stock valued at $1,032,775,000 after buying an additional 285,588 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Zions Bancorporation, National Association by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,882,983 shares of the bank’s stock worth $264,902,000 after buying an additional 194,995 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Zions Bancorporation, National Association during the fourth quarter valued at approximately $7,739,000. Institutional investors and hedge funds own 76.84% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. DA Davidson increased their price target on shares of Zions Bancorporation, National Association from $66.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Morgan Stanley cut their target price on Zions Bancorporation, National Association from $71.00 to $64.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Wells Fargo & Company decreased their price target on Zions Bancorporation, National Association from $62.00 to $58.00 and set an “equal weight” rating for the company in a research note on Friday, March 28th. The Goldman Sachs Group raised Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods increased their price target on Zions Bancorporation, National Association from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $61.81.

Zions Bancorporation, National Association Price Performance

Shares of Zions Bancorporation, National Association stock opened at $43.36 on Thursday. Zions Bancorporation, National Association has a twelve month low of $39.05 and a twelve month high of $63.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $6.40 billion, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 1.61 and a beta of 0.92. The firm’s 50-day simple moving average is $49.67 and its 200-day simple moving average is $53.39.

Zions Bancorporation, National Association (NASDAQ:ZION) last issued its earnings results on Tuesday, January 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. The business had revenue of $820.00 million during the quarter, compared to analysts’ expectations of $787.70 million. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. Zions Bancorporation, National Association’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 EPS. As a group, research analysts expect that Zions Bancorporation, National Association will post 5.39 EPS for the current fiscal year.

Zions Bancorporation, National Association Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend was Thursday, February 13th. Zions Bancorporation, National Association’s payout ratio is 34.75%.

Zions Bancorporation, National Association declared that its board has initiated a stock buyback program on Monday, February 24th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the bank to purchase up to 0.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other Zions Bancorporation, National Association news, EVP Steven Dan Stephens sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $55.71, for a total transaction of $557,100.00. Following the completion of the sale, the executive vice president now directly owns 45,847 shares of the company’s stock, valued at approximately $2,554,136.37. The trade was a 17.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jennifer Anne Smith sold 22,673 shares of Zions Bancorporation, National Association stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total transaction of $1,280,344.31. Following the sale, the executive vice president now directly owns 29,313 shares of the company’s stock, valued at $1,655,305.11. This represents a 43.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,029 shares of company stock worth $1,855,321. Insiders own 2.22% of the company’s stock.

Zions Bancorporation, National Association 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.