Mirae Asset Global Investments Co. Ltd. Purchases 21,551 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Mirae Asset Global Investments Co. Ltd. lifted its position in Zions Bancorporation, National Association (NASDAQ:ZION) by 55.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 60,262 shares of the bank’s stock after buying an additional 21,551 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Zions Bancorporation, National Association were worth $2,644,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ZION. Norges Bank bought a new position in Zions Bancorporation, National Association during the 4th quarter worth about $91,760,000. State Street Corp increased its holdings in Zions Bancorporation, National Association by 14.9% during the 1st quarter. State Street Corp now owns 8,262,892 shares of the bank’s stock worth $247,308,000 after purchasing an additional 1,069,816 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Zions Bancorporation, National Association during the 3rd quarter worth about $36,695,000. iA Global Asset Management Inc. bought a new position in Zions Bancorporation, National Association during the 3rd quarter worth about $28,113,000. Finally, Morgan Stanley increased its holdings in Zions Bancorporation, National Association by 19.8% during the 3rd quarter. Morgan Stanley now owns 4,513,266 shares of the bank’s stock worth $157,468,000 after purchasing an additional 745,919 shares in the last quarter. Institutional investors own 76.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Evercore ISI increased their target price on Zions Bancorporation, National Association from $47.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Royal Bank of Canada increased their price objective on shares of Zions Bancorporation, National Association from $45.00 to $46.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 9th. Jefferies Financial Group reduced their price objective on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a “hold” rating for the company in a research note on Monday, April 8th. Morgan Stanley raised their target price on shares of Zions Bancorporation, National Association from $32.00 to $40.00 and gave the company an “underweight” rating in a research note on Wednesday, February 7th. Finally, Stephens raised their target price on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Zions Bancorporation, National Association has an average rating of “Hold” and a consensus price target of $43.00.

Zions Bancorporation, National Association Trading Down 0.3 %

Shares of ZION stock opened at $39.24 on Friday. The firm has a 50 day moving average price of $40.78 and a two-hundred day moving average price of $39.02. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $5.79 billion, a PE ratio of 9.02 and a beta of 1.13. Zions Bancorporation, National Association has a 12-month low of $18.26 and a 12-month high of $46.15.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its earnings results on Monday, January 22nd. The bank reported $0.78 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.10). Zions Bancorporation, National Association had a return on equity of 15.33% and a net margin of 14.71%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $754.81 million. During the same period in the prior year, the business posted $1.84 earnings per share. As a group, analysts predict that Zions Bancorporation, National Association will post 4.27 earnings per share for the current year.

Zions Bancorporation, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 15th were issued a dividend of $0.41 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.64 annualized dividend and a dividend yield of 4.18%. Zions Bancorporation, National Association’s dividend payout ratio is presently 37.70%.

Insider Transactions at Zions Bancorporation, National Association

In other Zions Bancorporation, National Association news, CEO Harris H. Simmons bought 4,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the completion of the acquisition, the chief executive officer now owns 1,312,987 shares of the company’s stock, valued at $50,602,518.98. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP A Scott Anderson sold 4,093 shares of Zions Bancorporation, National Association stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $44.25, for a total value of $181,115.25. Following the transaction, the vice president now directly owns 14,665 shares of the company’s stock, valued at $648,926.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Harris H. Simmons acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the purchase, the chief executive officer now directly owns 1,312,987 shares of the company’s stock, valued at $50,602,518.98. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 18,022 shares of company stock valued at $744,893. 2.22% of the stock is currently owned by company insiders.

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.