Invesco Ltd. Has $36.30 Million Stock Holdings in Ermenegildo Zegna N.V. $ZGN

Key Points

• Invesco Ltd. decreased its holdings in Ermenegildo Zegna N.V. by 23.2% during the first quarter, now owning 4,905,839 shares valued at approximately $36.3 million.
• In addition to Invesco's reduction, other institutional investors have adjusted their positions, with Handelsbanken Fonder AB increasing its stake by 26.0%.
• Ermenegildo Zegna N.V. has recently increased its annual dividend to $0.1361 per share, a rise from the previous $0.12, reflecting a 150% yield.

Invesco Ltd. decreased its holdings in Ermenegildo Zegna N.V. (NYSE:ZGN - Free Report) by 23.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,905,839 shares of the company's stock after selling 1,480,345 shares during the quarter. Invesco Ltd. owned 1.20% of Ermenegildo Zegna worth $36,303,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in ZGN. Handelsbanken Fonder AB increased its position in shares of 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 purchasing an additional 7,800 shares in the last quarter. Mirabella Financial Services LLP acquired a new stake in shares of Ermenegildo Zegna during the 4th quarter worth about $87,000. Vident Advisory LLC acquired a new stake in shares of Ermenegildo Zegna during the 4th quarter worth about $126,000. Aquatic Capital Management LLC acquired a new stake in shares of Ermenegildo Zegna during the 4th quarter worth about $144,000. Finally, XTX Topco Ltd increased its position in shares of Ermenegildo Zegna by 107.6% during the 4th quarter. XTX Topco Ltd now owns 45,407 shares of the company's stock worth $375,000 after purchasing an additional 23,534 shares in the last quarter. Institutional investors and hedge funds own 12.91% of the company's stock.

Ermenegildo Zegna Trading Down 0.6%

Shares of Ermenegildo Zegna stock opened at $8.02 on Tuesday. The stock has a market capitalization of $3.27 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 3.03 and a beta of 0.72. The company has a quick ratio of 0.80, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. The company has a 50-day simple moving average of $8.64 and a 200 day simple moving average of $8.20. Ermenegildo Zegna N.V. has a 12-month low of $6.05 and a 12-month high of $10.59.

Ermenegildo Zegna Increases Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, July 29th. Investors of record on Monday, July 7th were given a dividend of $0.1361 per share. This is an increase from Ermenegildo Zegna's previous annual dividend of $0.12. The ex-dividend date was Monday, July 7th. This represents a dividend yield of 150.0%.

About Ermenegildo Zegna

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.

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