Charles Schwab Investment Management Inc. Increases Stock Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Charles Schwab Investment Management Inc. increased its position in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 3.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,687,988 shares of the bank's stock after buying an additional 140,084 shares during the quarter. Charles Schwab Investment Management Inc. owned 3.17% of Zions Bancorporation, National Association worth $221,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ZION. Price T Rowe Associates Inc. MD grew its holdings in Zions Bancorporation, National Association by 103.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 165,025 shares of the bank's stock worth $7,163,000 after purchasing an additional 4,993,164 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Zions Bancorporation, National Association by 17.5% during the second quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank's stock valued at $271,003,000 after acquiring an additional 929,251 shares in the last quarter. Artemis Investment Management LLP raised its position in shares of Zions Bancorporation, National Association by 165.0% during the third quarter. Artemis Investment Management LLP now owns 905,576 shares of the bank's stock worth $42,761,000 after purchasing an additional 563,889 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Zions Bancorporation, National Association by 25.1% in 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 purchasing an additional 538,049 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Zions Bancorporation, National Association by 75.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank's stock valued at $43,294,000 after purchasing an additional 433,513 shares during the period. Institutional investors own 76.84% of the company's stock.

Zions Bancorporation, National Association Trading Up 2.4 %

NASDAQ:ZION traded up $1.44 during mid-day trading on Friday, hitting $60.58. 1,136,581 shares of the stock traded hands, compared to its average volume of 1,289,252. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 5.36 and a beta of 1.07. Zions Bancorporation, National Association has a 52 week low of $33.66 and a 52 week high of $61.80. The firm's 50 day moving average is $51.81 and its two-hundred day moving average is $47.65.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its earnings results on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.21. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $781.63 million. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. During the same period last year, the company earned $1.13 earnings per share. On average, equities research analysts predict that Zions Bancorporation, National Association will post 4.85 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a dividend of $0.43 per share. This is an increase from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Thursday, November 14th. Zions Bancorporation, National Association's dividend payout ratio (DPR) is currently 39.18%.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, VP Eric Ellingsen sold 1,238 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $60.84, for a total value of $75,319.92. Following the transaction, the vice president now directly owns 35,878 shares of the company's stock, valued at approximately $2,182,817.52. This trade represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $234,422.10. Following the completion of the sale, the executive vice president now directly owns 24,714 shares of the company's stock, valued at $1,321,210.44. This trade represents a 15.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,228 shares of company stock worth $519,048. Insiders own 2.22% of the company's stock.

Analyst Ratings Changes

ZION has been the topic of a number of recent research reports. Compass Point raised their target price on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Robert W. Baird lifted their price objective on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Royal Bank of Canada increased their target price on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the company a "sector perform" rating in a report on Tuesday, October 22nd. Stephens upped their price objective on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company boosted their target price on Zions Bancorporation, National Association from $54.00 to $62.00 and gave the company an "equal weight" rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Zions Bancorporation, National Association currently has a consensus rating of "Hold" and a consensus price target of $54.63.

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.