XTX Topco Ltd Buys 16,067 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

XTX Topco Ltd raised its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 294.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,520 shares of the bank's stock after acquiring an additional 16,067 shares during the quarter. XTX Topco Ltd's holdings in Zions Bancorporation, National Association were worth $1,016,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ZION. Cetera Investment Advisers raised its holdings in shares of Zions Bancorporation, National Association by 56.5% during the first quarter. Cetera Investment Advisers now owns 42,811 shares of the bank's stock valued at $1,858,000 after purchasing an additional 15,458 shares during the period. SG Americas Securities LLC raised its holdings in shares of Zions Bancorporation, National Association by 222.9% in the 2nd quarter. SG Americas Securities LLC now owns 42,852 shares of the bank's stock worth $1,858,000 after acquiring an additional 29,579 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Zions Bancorporation, National Association by 1.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,063 shares of the bank's stock worth $1,174,000 after acquiring an additional 327 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of Zions Bancorporation, National Association by 28.0% in the 2nd quarter. Wedmont Private Capital now owns 9,198 shares of the bank's stock worth $434,000 after acquiring an additional 2,011 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Zions Bancorporation, National Association by 3.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 40,875 shares of the bank's stock worth $1,773,000 after acquiring an additional 1,299 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company's stock.

Zions Bancorporation, National Association Stock Performance

ZION traded up $0.39 on Wednesday, hitting $58.81. The company's stock had a trading volume of 1,592,188 shares, compared to its average volume of 1,989,592. Zions Bancorporation, National Association has a 12 month low of $37.76 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 firm has a market cap of $8.69 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 5.23 and a beta of 1.10. The company's 50 day simple moving average is $54.92 and its 200-day simple moving average is $49.01.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The bank reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.21. The firm had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same quarter last year, the company posted $1.13 EPS. Analysts forecast that Zions Bancorporation, National Association will post 4.85 EPS for the current year.

Zions Bancorporation, National Association Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Thursday, November 14th. This is a positive change from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. Zions Bancorporation, National Association's dividend payout ratio (DPR) is 39.18%.

Insider Activity

In related news, EVP Jennifer Anne Smith sold 4,385 shares of Zions Bancorporation, National Association stock in a transaction dated Wednesday, October 30th. The shares were 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Paul E. Burdiss sold 9,506 shares of Zions Bancorporation, National Association stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $61.06, for a total transaction of $580,436.36. Following the completion of the transaction, the executive vice president now directly owns 86,232 shares of the company's stock, valued at $5,265,325.92. This trade represents a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,881 shares of company stock valued at $1,108,184. Corporate insiders own 2.22% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ZION. Wedbush upped their target price 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. Wells Fargo & Company upped 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. Keefe, Bruyette & Woods upped their target price on shares of Zions Bancorporation, National Association from $53.00 to $56.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Compass Point upped their target price on shares of Zions Bancorporation, National Association from $54.00 to $66.00 and gave the stock a "neutral" rating in a report on Tuesday. Finally, Morgan Stanley upped their price objective on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $55.88.

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.