Rockefeller Capital Management L.P. Has $7.50 Million Stake in Zions Bancorporation, National Association (NASDAQ:ZION)

Rockefeller Capital Management L.P. cut its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION) by 2.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 158,827 shares of the bank’s stock after selling 3,547 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Zions Bancorporation, National Association were worth $7,498,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Zions Bancorporation, National Association by 17.5% during the second quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock valued at $271,003,000 after acquiring an additional 929,251 shares during the last quarter. Artemis Investment Management LLP boosted its position in shares of Zions Bancorporation, National Association by 165.0% during the 3rd quarter. Artemis Investment Management LLP now owns 905,576 shares of the bank’s stock valued at $42,761,000 after purchasing an additional 563,889 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in Zions Bancorporation, National Association by 25.1% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,684,460 shares of the bank’s stock worth $126,762,000 after purchasing an additional 538,049 shares during the period. AQR Capital Management LLC increased its holdings in Zions Bancorporation, National Association by 75.0% in the second quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock worth $43,294,000 after purchasing an additional 433,513 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Zions Bancorporation, National Association in the second quarter valued at approximately $9,541,000. Institutional investors own 76.84% of the company’s stock.

Analyst Upgrades and Downgrades

ZION has been the subject of several recent analyst reports. Robert W. Baird raised their price objective on shares of Zions Bancorporation, National Association from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group upped their price objective on shares of Zions Bancorporation, National Association from $59.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Evercore ISI raised their target price on Zions Bancorporation, National Association from $56.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada increased their price target on Zions Bancorporation, National Association from $55.00 to $57.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Finally, Truist Financial upped their target price on Zions Bancorporation, National Association from $52.00 to $57.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Zions Bancorporation, National Association presently has an average rating of “Hold” and an average target price of $55.13.

Insider Buying and Selling at Zions Bancorporation, National Association

In other news, EVP Paul E. Burdiss sold 9,506 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $234,422.10. Following the transaction, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at $1,321,210.44. The trade was a 15.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,881 shares of company stock valued at $1,108,184 over the last three months. 2.22% of the stock is currently owned by insiders.

Zions Bancorporation, National Association Stock Performance

Shares of ZION opened at $59.28 on Wednesday. The stock has a 50 day moving average of $53.42 and a 200 day moving average of $48.36. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 5.30 and a beta of 1.10. Zions Bancorporation, National Association has a 12 month low of $37.05 and a 12 month high of $63.22. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58.

Zions Bancorporation, National Association (NASDAQ:ZION) last posted its quarterly earnings results 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 company had revenue of $1.28 billion during the quarter, compared to analyst estimates 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 in the prior year, the business earned $1.13 earnings per share. As a group, sell-side analysts forecast that Zions Bancorporation, National Association will post 4.85 earnings per share for the current year.

Zions Bancorporation, National Association Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a $0.43 dividend. 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. This represents a $1.72 annualized dividend and a dividend yield of 2.90%. Zions Bancorporation, National Association’s payout ratio is presently 39.18%.

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.