Healthcare of Ontario Pension Plan Trust Fund Sells 188,683 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Healthcare of Ontario Pension Plan Trust Fund decreased its stake in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 85.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,317 shares of the bank's stock after selling 188,683 shares during the period. Healthcare of Ontario Pension Plan Trust Fund's holdings in Zions Bancorporation, National Association were worth $1,479,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Zions Bancorporation, National Association by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank's stock worth $271,003,000 after purchasing an additional 929,251 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in 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 worth $221,367,000 after purchasing an additional 140,084 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Zions Bancorporation, National Association by 25.1% in the third 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 last quarter. Bank of New York Mellon Corp raised its position in Zions Bancorporation, National Association by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 1,724,325 shares of the bank's stock valued at $74,784,000 after acquiring an additional 5,609 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in Zions Bancorporation, National Association by 9.7% in the second quarter. Wedge Capital Management L L P NC now owns 1,019,182 shares of the bank's stock valued at $44,202,000 after acquiring an additional 90,234 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company's stock.

Zions Bancorporation, National Association Trading Down 1.0 %

ZION stock traded down $0.60 during trading on Monday, hitting $59.92. The company had a trading volume of 968,734 shares, compared to its average volume of 2,019,403. The firm has a 50-day moving average price of $53.17 and a 200-day moving average price of $48.26. Zions Bancorporation, National Association has a 12 month low of $37.05 and a 12 month high of $63.22. 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 cap of $8.85 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 5.36 and a beta of 1.10.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The bank reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.21. Zions Bancorporation, National Association had a return on equity of 13.89% and a net margin of 14.09%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $781.63 million. During the same period last year, the company earned $1.13 earnings per share. As a group, 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 disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.87%. Zions Bancorporation, National Association's payout ratio is 39.18%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Evercore ISI boosted their price target on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Royal Bank of Canada upped their target price on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 22nd. Wolfe Research raised shares of Zions Bancorporation, National Association to a "hold" rating in a research report on Wednesday, September 18th. Jefferies Financial Group decreased their price objective on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a "hold" rating for the company in a report on Wednesday, September 11th. Finally, Wells Fargo & Company lifted their target price on shares of Zions Bancorporation, National Association from $54.00 to $62.00 and gave the stock an "equal weight" rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Zions Bancorporation, National Association presently has a consensus rating of "Hold" and a consensus price target of $55.13.

Insider Activity at Zions Bancorporation, National Association

In other news, VP Eric Ellingsen sold 1,238 shares of Zions Bancorporation, National Association stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $60.84, for a total transaction of $75,319.92. Following the transaction, the vice president now owns 35,878 shares in the company, valued at $2,182,817.52. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Paul E. Burdiss sold 9,506 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total value of $580,436.36. Following the sale, the executive vice president now directly owns 86,232 shares of the company's stock, valued at approximately $5,265,325.92. The trade was a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,881 shares of company stock worth $1,108,184. 2.22% of the stock is owned by insiders.

About Zions Bancorporation, National Association

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.