Mirae Asset Global Investments Co. Ltd. Has $5.85 Million Stake in Zions Bancorporation, National Association (NASDAQ:ZION)

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 18.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,901 shares of the bank's stock after purchasing an additional 16,866 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.07% of Zions Bancorporation, National Association worth $5,845,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ZION. State Street Corp boosted its holdings in Zions Bancorporation, National Association by 14.6% during the third quarter. State Street Corp now owns 7,041,818 shares of the bank's stock worth $332,515,000 after purchasing an additional 896,889 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake 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 valued at $126,762,000 after acquiring an additional 538,049 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Zions Bancorporation, National Association in the third quarter valued at $24,647,000. Assenagon Asset Management S.A. lifted its stake in Zions Bancorporation, National Association by 124.9% in the third quarter. Assenagon Asset Management S.A. now owns 290,165 shares of the bank's stock valued at $13,702,000 after acquiring an additional 161,118 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Zions Bancorporation, National Association by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,687,988 shares of the bank's stock valued at $221,367,000 after acquiring an additional 140,084 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company's stock.

Zions Bancorporation, National Association Price Performance

ZION stock traded up $0.81 during mid-day trading on Tuesday, hitting $56.84. The stock had a trading volume of 1,031,305 shares, compared to its average volume of 1,194,541. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. Zions Bancorporation, National Association has a 52 week low of $38.01 and a 52 week high of $63.22. The firm has a market capitalization of $8.40 billion, a P/E ratio of 11.48, a P/E/G ratio of 1.74 and a beta of 1.11. The firm has a fifty day simple moving average of $56.52 and a 200 day simple moving average of $52.81.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last released its earnings results on Tuesday, January 21st. The bank reported $1.34 EPS for the quarter, beating the consensus estimate of $1.26 by $0.08. Zions Bancorporation, National Association had a net margin of 15.70% and a return on equity of 13.65%. The firm had revenue of $820.00 million for the quarter, compared to analyst estimates of $787.70 million. During the same period last year, the firm earned $0.78 EPS. The business's quarterly revenue was up 12.2% compared to the same quarter last year. As a group, research analysts forecast that Zions Bancorporation, National Association will post 5.26 EPS for the current year.

Zions Bancorporation, National Association Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th will be paid a $0.43 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.03%. Zions Bancorporation, National Association's payout ratio is currently 34.75%.

Insider Activity

In other news, EVP Paul E. Burdiss sold 9,506 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 in the company, valued at approximately $5,265,325.92. This trade represents a 9.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.22% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on ZION shares. Evercore ISI increased their price target on shares of Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Robert W. Baird increased their price objective on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group raised shares of 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 report on Tuesday, January 7th. Morgan Stanley increased their price objective on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company increased 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. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $60.71.

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.