AQR Capital Management LLC Has $36.47 Million Stock Position in Zions Bancorporation, National Association (NASDAQ:ZION)

AQR Capital Management LLC grew its position in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 34.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 672,245 shares of the bank's stock after purchasing an additional 171,800 shares during the period. AQR Capital Management LLC owned approximately 0.46% of Zions Bancorporation, National Association worth $36,469,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Zions Bancorporation, National Association in the fourth quarter worth $73,542,000. Boston Partners acquired a new position in shares of Zions Bancorporation, National Association during the fourth quarter valued at $33,961,000. First Trust Advisors LP lifted its stake in Zions Bancorporation, National Association by 20.8% in the fourth quarter. First Trust Advisors LP now owns 2,267,568 shares of the bank's stock valued at $123,016,000 after buying an additional 390,601 shares in the last quarter. Vanguard Group Inc. boosted its position in Zions Bancorporation, National Association by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 19,037,323 shares of the bank's stock valued at $1,032,775,000 after purchasing an additional 285,588 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Zions Bancorporation, National Association by 23.9% during the fourth quarter. Northern Trust Corp now owns 1,473,712 shares of the bank's stock worth $79,949,000 after acquiring an additional 284,624 shares during the period. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 22,673 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $56.47, for a total transaction of $1,280,344.31. Following the completion of the sale, the executive vice president now owns 29,313 shares of the company's stock, valued at approximately $1,655,305.11. The trade was a 43.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven Dan Stephens sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $55.71, for a total transaction of $557,100.00. Following the sale, the executive vice president now directly owns 45,847 shares of the company's stock, valued at $2,554,136.37. The trade was a 17.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,029 shares of company stock worth $1,855,321 over the last 90 days. 2.22% of the stock is owned by insiders.

Zions Bancorporation, National Association Stock Performance

ZION stock traded up $1.43 during midday trading on Thursday, reaching $46.82. 587,753 shares of the company's stock traded hands, compared to its average volume of 1,577,162. The stock's 50-day moving average is $46.68 and its 200 day moving average is $53.02. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. The stock has a market cap of $6.91 billion, a P/E ratio of 9.48, a PEG ratio of 1.61 and a beta of 0.88. Zions Bancorporation, National Association has a 52-week low of $39.32 and a 52-week high of $63.22.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The bank reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. Zions Bancorporation, National Association had a return on equity of 13.65% and a net margin of 15.70%. The business had revenue of $795.00 million for the quarter, compared to the consensus estimate of $792.49 million. During the same quarter in the prior year, the company earned $0.96 EPS. As a group, analysts anticipate that Zions Bancorporation, National Association will post 5.39 EPS for the current year.

Zions Bancorporation, National Association declared that its board has authorized a stock repurchase plan on Monday, February 24th that authorizes the company to repurchase $40.00 million in outstanding shares. This repurchase authorization authorizes the bank to buy up to 0.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th will be given a $0.43 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.72 annualized dividend and a yield of 3.67%. Zions Bancorporation, National Association's dividend payout ratio is presently 33.59%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Barclays upped their target price on Zions Bancorporation, National Association from $59.00 to $61.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 22nd. DA Davidson raised their target price on Zions Bancorporation, National Association from $66.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Morgan Stanley reduced their target price on Zions Bancorporation, National Association from $71.00 to $64.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Argus raised shares of Zions Bancorporation, National Association from a "hold" rating to a "buy" rating and set a $55.00 target price for the company in a report on Monday, April 28th. Finally, Robert W. Baird lowered their price objective on Zions Bancorporation, National Association from $58.00 to $55.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $58.76.

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.