KG&L Capital Management LLC Lowers Stock Position in Zions Bancorporation, National Association (NASDAQ:ZION)

KG&L Capital Management LLC cut its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 74.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,940 shares of the bank's stock after selling 17,760 shares during the quarter. KG&L Capital Management LLC's holdings in Zions Bancorporation, National Association were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Chicago Partners Investment Group LLC boosted its holdings in Zions Bancorporation, National Association by 10.1% in the third quarter. Chicago Partners Investment Group LLC now owns 4,909 shares of the bank's stock worth $255,000 after acquiring an additional 450 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Zions Bancorporation, National Association by 4.1% during the third quarter. US Bancorp DE now owns 16,350 shares of the bank's stock valued at $772,000 after purchasing an additional 649 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Zions Bancorporation, National Association by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 17,158 shares of the bank's stock valued at $810,000 after purchasing an additional 1,160 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Zions Bancorporation, National Association by 0.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,223 shares of the bank's stock valued at $1,947,000 after purchasing an additional 348 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Zions Bancorporation, National Association by 11.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 90,035 shares of the bank's stock valued at $4,183,000 after purchasing an additional 9,393 shares in the last quarter. 76.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ZION has been the topic of a number of research analyst reports. Compass Point upped their price target 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. Jefferies Financial Group reduced their price objective on Zions Bancorporation, National Association from $51.00 to $49.00 and set a "hold" rating for the company in a research report on Wednesday, September 11th. 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 report on Tuesday, October 22nd. Wolfe Research upgraded Zions Bancorporation, National Association to a "hold" rating in a research report on Wednesday, September 18th. Finally, Barclays upped their price objective on Zions Bancorporation, National Association from $47.00 to $52.00 and gave the company an "underweight" rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $53.12.

Zions Bancorporation, National Association Stock Up 1.7 %

Shares of NASDAQ:ZION traded up $0.86 on Tuesday, reaching $52.02. The company had a trading volume of 948,962 shares, compared to its average volume of 2,079,541. Zions Bancorporation, National Association has a 52-week low of $32.18 and a 52-week high of $53.85. The firm's 50 day simple moving average is $48.57 and its 200-day simple moving average is $46.03. The firm has a market capitalization of $7.68 billion, a PE ratio of 11.85, a PEG ratio of 1.82 and a beta of 1.07. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.09.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced 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 firm had revenue of $1.28 billion for 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 in the previous year, the business earned $1.13 EPS. As a group, analysts expect that Zions Bancorporation, National Association will post 4.79 earnings per share for the current fiscal year.

Zions Bancorporation, National Association Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be issued a $0.43 dividend. This is a boost from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.72 dividend on an annualized basis and a yield of 3.31%. Zions Bancorporation, National Association's dividend payout ratio is presently 37.36%.

Insider Buying and Selling

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 4,385 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 24,714 shares of the company's stock, valued at $1,321,210.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.22% of the stock is currently 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.