BNP Paribas Financial Markets Acquires New Shares in Ermenegildo Zegna (NYSE:ZGN)

BNP Paribas Financial Markets purchased a new stake in shares of Ermenegildo Zegna (NYSE:ZGN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 92,470 shares of the company's stock, valued at approximately $764,000.

Several other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Ermenegildo Zegna during the fourth quarter worth approximately $28,000. Entropy Technologies LP purchased a new position in shares of Ermenegildo Zegna in the 4th quarter worth approximately $84,000. Mirabella Financial Services LLP bought a new position in shares of Ermenegildo Zegna during the 4th quarter valued at approximately $87,000. Aquatic Capital Management LLC bought a new position in shares of Ermenegildo Zegna during the 4th quarter valued at approximately $144,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Ermenegildo Zegna during the 4th quarter valued at $151,000. Hedge funds and other institutional investors own 12.91% of the company's stock.

Wall Street Analyst Weigh In

Separately, TD Cowen initiated coverage on shares of Ermenegildo Zegna in a research report on Tuesday, February 18th. They set a "hold" rating and a $10.00 price objective on the stock.

Ermenegildo Zegna Trading Up 1.4%

Ermenegildo Zegna stock traded up $0.12 during mid-day trading on Tuesday, hitting $8.53. The company's stock had a trading volume of 618,022 shares, compared to its average volume of 706,348. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.79 and a current ratio of 1.41. The company has a 50 day moving average of $7.59 and a 200-day moving average of $8.04. Ermenegildo Zegna has a one year low of $6.05 and a one year high of $12.77. The stock has a market cap of $3.47 billion, a PE ratio of 16.10 and a beta of 0.72.

Ermenegildo Zegna Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Monday, July 7th will be issued a $0.1361 dividend. The ex-dividend date of this dividend is Monday, July 7th. This is a boost from Ermenegildo Zegna's previous annual dividend of $0.12. This represents a dividend yield of 1.5%. Ermenegildo Zegna's dividend payout ratio is presently 22.64%.

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.