Ermenegildo Zegna N.V. $ZGN Shares Sold by Invesco Ltd.

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. reduced its holdings in Ermenegildo Zegna N.V. (NYSE:ZGN - Free Report) by 23.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,905,839 shares of the company's stock after selling 1,480,345 shares during the quarter. Invesco Ltd. owned approximately 1.20% of Ermenegildo Zegna worth $36,303,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Mirabella Financial Services LLP acquired a new position in Ermenegildo Zegna in the fourth quarter valued at $87,000. Vident Advisory LLC acquired a new stake in Ermenegildo Zegna during the fourth quarter worth about $126,000. Aquatic Capital Management LLC acquired a new stake in Ermenegildo Zegna during the fourth quarter worth about $144,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Ermenegildo Zegna during the first quarter worth about $229,000. Finally, Handelsbanken Fonder AB increased its stake in Ermenegildo Zegna by 26.0% during the first 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 Trading Up 4.1%

NYSE:ZGN traded up $0.3250 on Friday, hitting $8.2550. 751,850 shares of the stock were exchanged, compared to its average volume of 805,449. The stock has a market cap of $3.36 billion, a PE ratio of 15.58, a PEG ratio of 3.10 and a beta of 0.72. The company has a current ratio of 1.41, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average of $8.59 and a 200-day moving average of $8.18. Ermenegildo Zegna N.V. has a fifty-two week low of $6.05 and a fifty-two week high of $10.59.

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.