Russell Investments Group Ltd. Sells 6,936 Shares of Zions Bancorporation, National Association (NASDAQ:ZION)

Russell Investments Group Ltd. trimmed its position in shares of Zions Bancorporation, National Association ( NASDAQ:ZION – Free Report ) by 9.8% in the fourth quarter, Holdings Channel reports.

The fund owned 63,640 shares of the bank’s stock after selling 6,936 shares during the quarter. Russell Investments Group Ltd.’s holdings in Zions Bancorporation, National Association were worth $3,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).



Several other hedge funds have also recently added to or reduced their stakes in ZION. EverSource Wealth Advisors LLC lifted its position in shares of Zions Bancorporation, National Association by 51.1% during the 4th quarter.

EverSource Wealth Advisors LLC now owns 541 shares of the bank’s stock worth $29,000 after buying an additional 183 shares during the period. SRS Capital Advisors Inc. raised its position in shares of Zions Bancorporation, National Association by 120.

8% during the fourth quarter. SRS Capital Advisors Inc. now owns 901 shares of the bank’s stock worth $49,000 after acquiring an additional 493 shares during the last quarter.

Millstone Evans Group LLC bought a new stake in Zions Bancorporation, National Association during the 4th quarter worth about $62,000. Whipplewood Advisors LLC acquired a new position in Zions Bancorporation, National Association in the fourth quarter valued at approximately $115,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Zions Bancorporation, National Association by 19.

6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,241 shares of the bank’s stock worth $122,000 after purchasing an additional 368 shares during the last quarter. Institutional investors own 76.

84% of the company’s stock. Zions Bancorporation, National Association Price Performance Shares of NASDAQ ZION opened at $43.36 on Thursday.

The stock has a market capitalization of $6.40 billion, a PE ratio of 8.76, a P/E/G ratio of 1.

61 and a beta of 0.92. The business has a fifty day moving average price of $49.

67 and a two-hundred day moving average price of $53.39. Zions Bancorporation, National Association has a fifty-two week low of $39.

05 and a fifty-two week high of $63.22. The company has a debt-to-equity ratio of 0.

16, a current ratio of 0.80 and a quick ratio of 0.80.

Zions Bancorporation, National Association announced that its board has authorized a stock repurchase plan on Monday, February 24th that authorizes the company to repurchase $40.00 million in shares. This repurchase authorization authorizes the bank to buy up to 0.

5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued. Zions Bancorporation, National Association Announces Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th.

Shareholders of record on Thursday, February 13th were given a $0.43 dividend. The ex-dividend date of this dividend was Thursday, February 13th.

This represents a $1.72 dividend on an annualized basis and a yield of 3.97%.

Zions Bancorporation, National Association’s dividend payout ratio is currently 34.75%. Insider Activity at Zions Bancorporation, National Association In other Zions Bancorporation, National Association news, EVP Jennifer Anne Smith sold 22,673 shares of the company’s stock in a transaction dated Tuesday, February 18th.

The stock was sold at an average price of $56.47, for a total value of $1,280,344.31.

Following the sale, the executive vice president now owns 29,313 shares in the company, valued at approximately $1,655,305.11. The trade was a 43.

61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link . Also, EVP Steven Dan Stephens sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 12th.

The shares were sold at an average price of $55.71, for a total transaction of $557,100.00.

Following the sale, the executive vice president now directly owns 45,847 shares of the company’s stock, valued at $2,554,136.37. This represents a 17.

91 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold a total of 33,029 shares of company stock valued at $1,855,321 in the last 90 days.

2.22% of the stock is owned by corporate insiders. Analyst Ratings Changes Several research firms recently weighed in on ZION.

The Goldman Sachs Group raised shares of Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Tuesday, January 7th. Barclays boosted their target price on Zions Bancorporation, National Association from $59.

00 to $61.00 and gave the company an “underweight” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price objective on Zions Bancorporation, National Association from $65.

00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, January 22nd. Morgan Stanley lowered their target price on shares of Zions Bancorporation, National Association from $71.

00 to $64.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Finally, Royal Bank of Canada upped their price objective on Zions Bancorporation, National Association from $61.

00 to $63.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company.

According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $61.81.

Check Out Our Latest Research Report on Zions Bancorporation, National Association Zions Bancorporation, National Association Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding ZION? Visit HoldingsChannel.

com to get the latest 13F filings and insider trades for Zions Bancorporation, National Association ( NASDAQ:ZION – Free Report ). Receive News & Ratings for Zions Bancorporation National Association Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zions Bancorporation National Association and related companies with MarketBeat.com's FREE daily email newsletter .

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