BNP Paribas Financial Markets Purchases Shares of 92,470 Ermenegildo Zegna (NYSE:ZGN)

BNP Paribas Financial Markets acquired a new position in Ermenegildo Zegna (NYSE:ZGN - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 92,470 shares of the company's stock, valued at approximately $764,000.

Other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Ermenegildo Zegna in the 4th quarter worth $28,000. Entropy Technologies LP purchased a new stake in shares of Ermenegildo Zegna in the 4th quarter valued at approximately $84,000. Mirabella Financial Services LLP acquired a new position in Ermenegildo Zegna in the 4th quarter valued at approximately $87,000. Aquatic Capital Management LLC acquired a new position in Ermenegildo Zegna in the 4th quarter valued at approximately $144,000. Finally, Next Capital Management LLC acquired a new position in Ermenegildo Zegna in the 4th quarter valued at approximately $151,000. Institutional investors and hedge funds own 12.91% of the company's stock.

Analyst Ratings Changes

Separately, TD Cowen began coverage on shares of Ermenegildo Zegna in a report on Tuesday, February 18th. They issued a "hold" rating and a $10.00 price target for the company.

Ermenegildo Zegna Price Performance

Shares of NYSE:ZGN traded down $0.04 during midday trading on Wednesday, reaching $8.48. 26,503 shares of the company's stock were exchanged, compared to its average volume of 706,096. The company's 50 day simple moving average is $7.61 and its two-hundred day simple moving average is $8.05. The firm has a market capitalization of $3.45 billion, a PE ratio of 15.95 and a beta of 0.72. Ermenegildo Zegna has a 12 month low of $6.05 and a 12 month high of $12.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.79 and a current ratio of 1.41.

Ermenegildo Zegna Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Monday, July 7th will be paid a $0.1361 dividend. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, July 7th. This is a positive change from Ermenegildo Zegna's previous annual dividend of $0.12. Ermenegildo Zegna's dividend payout ratio (DPR) is 22.64%.

Ermenegildo Zegna 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.