Mitsubishi UFJ Asset Management Co. Ltd. Raises Position in Zions Bancorporation, National Association (NASDAQ:ZION)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Zions Bancorporation, National Association (NASDAQ:ZION - Free Report) by 42.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,575 shares of the bank's stock after purchasing an additional 26,870 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.06% of Zions Bancorporation, National Association worth $3,804,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ZION. Vaughan Nelson Investment Management L.P. boosted its position in shares of Zions Bancorporation, National Association by 119.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,311,291 shares of the bank's stock valued at $101,396,000 after purchasing an additional 1,259,571 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Zions Bancorporation, National Association by 22.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,016,407 shares of the bank's stock worth $220,077,000 after buying an additional 927,899 shares during the period. iA Global Asset Management Inc. acquired a new position in shares of Zions Bancorporation, National Association in the third quarter worth about $28,113,000. Artemis Investment Management LLP acquired a new position in shares of Zions Bancorporation, National Association in the fourth quarter worth about $28,025,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Zions Bancorporation, National Association in the third quarter worth about $13,759,000. Institutional investors own 76.84% of the company's stock.

Zions Bancorporation, National Association Stock Performance

Shares of Zions Bancorporation, National Association stock traded down $1.16 during midday trading on Monday, hitting $43.80. The company had a trading volume of 1,377,667 shares, compared to its average volume of 2,737,443. The business's 50 day simple moving average is $42.05 and its two-hundred day simple moving average is $40.70. The stock has a market cap of $6.47 billion, a PE ratio of 11.01 and a beta of 1.13. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.82 and a quick ratio of 0.82. Zions Bancorporation, National Association has a 1-year low of $26.35 and a 1-year high of $46.15.

Zions Bancorporation, National Association (NASDAQ:ZION - Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.02). Zions Bancorporation, National Association had a return on equity of 14.05% and a net margin of 13.23%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $747.21 million. During the same quarter in the previous year, the business posted $1.33 EPS. As a group, equities analysts predict that Zions Bancorporation, National Association will post 4.37 EPS for the current fiscal year.

Zions Bancorporation, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.64 dividend on an annualized basis and a yield of 3.74%. Zions Bancorporation, National Association's dividend payout ratio is currently 41.21%.

Insiders Place Their Bets

In other Zions Bancorporation, National Association news, EVP Rebecca K. Robinson sold 5,291 shares of Zions Bancorporation, National Association stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $43.66, for a total transaction of $231,005.06. Following the completion of the transaction, the executive vice president now directly owns 22,238 shares of the company's stock, valued at $970,911.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Zions Bancorporation, National Association news, VP Mark Richard Young sold 5,597 shares of Zions Bancorporation, National Association stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $40.21, for a total transaction of $225,055.37. Following the completion of the transaction, the vice president now directly owns 12,133 shares of the company's stock, valued at $487,867.93. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Rebecca K. Robinson sold 5,291 shares of Zions Bancorporation, National Association stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $43.66, for a total value of $231,005.06. Following the completion of the transaction, the executive vice president now directly owns 22,238 shares of the company's stock, valued at $970,911.08. The disclosure for this sale can be found here. Insiders have sold 12,746 shares of company stock worth $537,630 over the last 90 days. Corporate insiders own 2.22% of the company's stock.

Analyst Upgrades and Downgrades

ZION has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Zions Bancorporation, National Association from $49.50 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, April 4th. StockNews.com raised shares of Zions Bancorporation, National Association from a "sell" rating to a "hold" rating in a research report on Tuesday, May 14th. Jefferies Financial Group reduced their price target on shares of Zions Bancorporation, National Association from $47.00 to $45.00 and set a "hold" rating for the company in a research report on Monday, April 8th. Stephens increased their price target on shares of Zions Bancorporation, National Association from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 23rd. Finally, Wedbush reduced their price target on shares of Zions Bancorporation, National Association from $48.00 to $46.00 and set a "neutral" rating for the company in a research report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Zions Bancorporation, National Association has an average rating of "Hold" and a consensus price target of $43.16.

About Zions Bancorporation, National Association

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments.