Zions Bancorporation NA (NASDAQ:ZION) Shares Sold by APG Asset Management N.V.

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APG Asset Management N.V. lowered its position in Zions Bancorporation NA (NASDAQ:ZION) by 91.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,300 shares of the bank’s stock after selling 442,800 shares during the period. APG Asset Management N.V.’s holdings in Zions Bancorporation NA were worth $1,627,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. ETF Managers Group LLC grew its holdings in shares of Zions Bancorporation NA by 8.2% in the 1st quarter. ETF Managers Group LLC now owns 2,744 shares of the bank’s stock worth $125,000 after acquiring an additional 207 shares during the period. Valeo Financial Advisors LLC grew its holdings in shares of Zions Bancorporation NA by 48.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 898 shares of the bank’s stock worth $41,000 after acquiring an additional 295 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Zions Bancorporation NA by 1.5% in the 1st quarter. CIBC Asset Management Inc now owns 22,010 shares of the bank’s stock worth $999,000 after acquiring an additional 329 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its holdings in shares of Zions Bancorporation NA by 2.6% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 13,827 shares of the bank’s stock worth $627,000 after acquiring an additional 355 shares during the period. Finally, IFM Investors Pty Ltd grew its holdings in shares of Zions Bancorporation NA by 3.4% in the 2nd quarter. IFM Investors Pty Ltd now owns 11,718 shares of the bank’s stock worth $539,000 after acquiring an additional 385 shares during the period. Institutional investors and hedge funds own 95.83% of the company’s stock.

Shares of Zions Bancorporation NA stock traded up $0.88 during trading hours on Friday, reaching $44.09. 1,570,427 shares of the company’s stock were exchanged, compared to its average volume of 1,730,296. Zions Bancorporation NA has a 52-week low of $38.08 and a 52-week high of $51.81. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 1.34 and a beta of 1.55. The company has a fifty day moving average of $42.67 and a 200-day moving average of $44.66. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18.

Zions Bancorporation NA (NASDAQ:ZION) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.10). Zions Bancorporation NA had a return on equity of 12.26% and a net margin of 26.99%. The business had revenue of $701.00 million for the quarter, compared to analysts’ expectations of $723.21 million. During the same period in the prior year, the company earned $0.89 EPS. On average, equities research analysts anticipate that Zions Bancorporation NA will post 4.2 earnings per share for the current fiscal year.

A number of research firms recently issued reports on ZION. Piper Jaffray Companies reduced their target price on Zions Bancorporation NA from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Bank of America upped their target price on Zions Bancorporation NA from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Keefe, Bruyette & Woods lowered Zions Bancorporation NA from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $53.00 to $47.00 in a research note on Tuesday, July 23rd. Jefferies Financial Group lowered Zions Bancorporation NA from a “buy” rating to a “hold” rating and reduced their target price for the company from $51.00 to $46.00 in a research note on Tuesday. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Zions Bancorporation NA in a research note on Friday, August 16th. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Zions Bancorporation NA currently has an average rating of “Hold” and a consensus price target of $51.19.

In other Zions Bancorporation NA news, insider Alexander Hume sold 9,929 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $45.17, for a total transaction of $448,492.93. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider A Scott Anderson sold 10,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $44.92, for a total value of $449,200.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,886 shares of company stock worth $936,691. Corporate insiders own 1.70% of the company’s stock.

Zions Bancorporation NA Profile

Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.

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Institutional Ownership by Quarter for Zions Bancorporation NA (NASDAQ:ZION)

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