Bank Julius Baer & Co. Ltd Zurich Buys New Shares in Ermenegildo Zegna N.V. (NYSE:ZGN)

Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Ermenegildo Zegna N.V. (NYSE:ZGN - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 30,968 shares of the company's stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ZGN. Millennium Management LLC lifted its position in shares of Ermenegildo Zegna by 319.2% in the fourth quarter. Millennium Management LLC now owns 406,375 shares of the company's stock worth $3,357,000 after purchasing an additional 309,424 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Ermenegildo Zegna during the fourth quarter worth approximately $764,000. American Assets Inc. bought a new stake in shares of Ermenegildo Zegna during the fourth quarter worth approximately $578,000. FIL Ltd boosted its stake in Ermenegildo Zegna by 18.0% during the 4th quarter. FIL Ltd now owns 1,672,992 shares of the company's stock worth $13,819,000 after acquiring an additional 255,079 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its position in Ermenegildo Zegna by 26.0% during the 1st quarter. Handelsbanken Fonder AB now owns 37,800 shares of the company's stock worth $280,000 after acquiring an additional 7,800 shares during the last quarter. 12.91% of the stock is currently owned by institutional investors and hedge funds.

Ermenegildo Zegna Stock Down 0.2%

ZGN traded down $0.02 during trading on Friday, reaching $9.18. 678,809 shares of the stock were exchanged, compared to its average volume of 1,566,814. The stock has a market cap of $3.74 billion, a P/E ratio of 17.31 and a beta of 0.73. Ermenegildo Zegna N.V. has a twelve month low of $6.05 and a twelve month high of $11.52. The stock's 50 day moving average price is $8.79 and its two-hundred day moving average price is $8.26. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.80 and a current ratio of 1.41.

Ermenegildo Zegna Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Monday, July 7th will be given a $0.1361 dividend. This represents a dividend yield of 1.5%. This is an increase from Ermenegildo Zegna's previous annual dividend of $0.12. The ex-dividend date of this dividend is Monday, July 7th.

Ermenegildo Zegna Company Profile

Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances.