Artemis Investment Management LLP Cuts Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Artemis Investment Management LLP lessened its position in Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 24.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 682,724 shares of the bank's stock after selling 222,852 shares during the quarter. Artemis Investment Management LLP owned about 0.46% of Zions Bancorporation, National Association worth $37,038,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in Zions Bancorporation, National Association in the 3rd quarter worth approximately $28,000. Abich Financial Wealth Management LLC boosted its stake in Zions Bancorporation, National Association by 26.4% during the second quarter. Abich Financial Wealth Management LLC now owns 1,417 shares of the bank's stock worth $61,000 after buying an additional 296 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Zions Bancorporation, National Association in the 2nd quarter valued at $101,000. Venturi Wealth Management LLC increased its stake in shares of Zions Bancorporation, National Association by 209.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,470 shares of the bank's stock worth $117,000 after acquiring an additional 1,671 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Zions Bancorporation, National Association during the 3rd quarter worth $119,000. 76.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Zions Bancorporation, National Association news, VP Eric Ellingsen sold 1,238 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $60.84, for a total transaction of $75,319.92. Following the completion of the sale, the vice president now directly owns 35,878 shares of the company's stock, valued at $2,182,817.52. This represents a 3.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul E. Burdiss sold 9,506 shares of Zions Bancorporation, National Association 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 completion of the transaction, the executive vice president now owns 86,232 shares in the company, 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 three months, insiders sold 18,881 shares of company stock valued at $1,108,184. Insiders own 2.22% of the company's stock.

Zions Bancorporation, National Association Stock Up 1.3 %

Zions Bancorporation, National Association stock traded up $0.76 during mid-day trading on Monday, hitting $58.04. The company had a trading volume of 1,200,633 shares, compared to its average volume of 1,173,647. The stock has a market cap of $8.57 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 2.86 and a beta of 1.12. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58. Zions Bancorporation, National Association has a 1 year low of $37.76 and a 1 year high of $63.22. The business has a fifty day moving average of $57.30 and a 200 day moving average of $51.66.

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

Zions Bancorporation, National Association Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.96%. This is a boost from Zions Bancorporation, National Association's previous quarterly dividend of $0.41. Zions Bancorporation, National Association's payout ratio is 39.18%.

Analysts Set New Price Targets

A number of equities analysts have commented on ZION shares. Royal Bank of Canada lifted their target price on shares of Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group upgraded Zions Bancorporation, National Association from a "neutral" rating to a "buy" rating and set a $71.00 price objective for the company in a research report on Tuesday, January 7th. UBS Group started coverage on Zions Bancorporation, National Association in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $64.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on shares of Zions Bancorporation, National Association from $65.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company upped their price objective 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 equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Zions Bancorporation, National Association currently has a consensus rating of "Hold" and a consensus target price of $58.25.

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.