Guggenheim Capital LLC Trims Holdings in Zions Bancorp (ZION)

Joanna Estrada
March 13, 2018

Stuart J. Zimmer increased its stake in Interxion Holding N.V (INXN) by 39.58% based on its latest 2017Q3 regulatory filing with the SEC. Wells Fargo & Company MN now owns 2,255,672 shares of the bank's stock valued at $106,423,000 after purchasing an additional 87,108 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock. Great Point Partners Llc who had been investing in Vanda Pharmaceuticals Inc for a number of months, seems to be less bullish one the $904.21 million market cap company. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.40%. About 260,909 shares traded. It has underperformed by 19.00% the S&P500. Finally, Crewe Advisors LLC acquired a new stake in shares of Zions Bancorp in the fourth quarter valued at $102,000. Zimmer Partners Lp bought 237,500 shares as the company's stock rose 15.41% with the market. American International Group Inc. now owns 68,405 shares of the bank's stock valued at $3,477,000 after buying an additional 8,128 shares in the last quarter. Zions Bancorp has a twelve month low of $38.43 and a twelve month high of $57.13. The stock decreased 1.12% or $0.64 during the last trading session, reaching $56.4. The company's stock had a trading volume of 1,880,000 shares, compared to its average volume of 2,750,000. Zions Bancorp's payout ratio is now 30.77%. It has outperformed by 32.15% the S&P500.

ZION has been the subject of a number of recent analyst reports. Zions Bancorporation had 128 analyst reports since July 21, 2015 according to SRatingsIntel. Zions Bancorp has an average rating of "Buy" and a consensus target price of $55.89. On Monday, October 10 the stock rating was downgraded by Piper Jaffray to "Neutral". The stock of Accuride Corporation (NYSE:ACW) earned "Hold" rating by Gabelli on Wednesday, September 7. Keefe, Bruyette & Woods raised Zions Bancorp from a "market perform" rating to an "outperform" rating in a research note on Tuesday, December 12th. UBS maintained the stock with "Sell" rating in Tuesday, April 26 report. Zacks Investment Research upgraded Zions Bancorp from a hold rating to a buy rating and set a $57.00 price objective for the company in a report on Wednesday, December 27th. First Mercantile Trust has 0.07% invested in Zions Bancorporation (NASDAQ:ZION) for 8,260 shares.

Since December 8, 2017, it had 0 insider purchases, and 12 sales for $4.31 million activity. The ex-dividend date was Wednesday, February 14th. The insider Hume Alexander sold 7,196 shares worth $387,649. 8,532 shares were sold by Kelly James Patrick, worth $159,712 on Wednesday, February 28. Korea Investment CORP raised its position in Zions Bancorp by 13.6% during the 3rd quarter.

Cortland Advisers Llc, which manages about $2.18B US Long portfolio, decreased its stake in Duke Energy Corp (NYSE:DUK) by 6,853 shares to 204,921 shares, valued at $17.20 million in 2017Q3, according to the filing. State Street Corp reported 12.50M shares or 0.05% of all its holdings.

Investors sentiment decreased to 1.05 in Q3 2017. Its down 0.04, from 1.09 in 2017Q2. It fall, as 45 investors sold Zions Bancorporation shares while 132 reduced holdings. 54 funds opened positions while 131 raised stakes. About 1.88 million shares traded. Moreover, Fjarde Ap has 0.04% invested in Zions Bancorporation (NASDAQ:ZION).

Zions Bancorporation is a financial holding company. 181.27 million shares or 1.35% less from 183.76 million shares in 2017Q2 were reported. 12,200 are held by Tokio Marine Asset.

Tocqueville Asset Mgmt Limited Partnership stated it has 8,675 shares or 0% of all its holdings. Bancorporation Of New York Mellon invested in 0.02% or 1.77M shares. Sumitomo Mitsui has 0.04% invested in Zions Bancorporation (NASDAQ:ZION) for 573,411 shares. Ohio-based Cleararc has invested 0.04% in Zions Bancorporation (NASDAQ:ZION). Assetmark Inc invested in 20 shares. Nordea Ab stated it has 0% in Zions Bancorporation (NASDAQ:ZION). 61 were accumulated by Tarbox Family Office. Adage Capital Ptnrs Group Ltd holds 0.05% or 461,000 shares.

Analysts await Ingredion Incorporated (NYSE:INGR) to report earnings on May, 2. They expect $0.82 earnings per share, up 34.43% or $0.21 from last year's $0.61 per share. INGR's profit will be $136.52M for 17.78 P/E if the $1.89 EPS becomes a reality. Cornercap Investment Counsel Inc.'s holdings in Zions Bancorp were worth $2,786,000 at the end of the most recent reporting period.

Investors sentiment increased to 1.05 in Q3 2017. Victory Inc invested in 0.09% or 881,932 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0.02% stake. Quantitative Invest Limited Co, a Virginia-based fund reported 100,800 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt stated it has 13,976 shares. Bradley Foster Sargent Ct owns 24,140 shares or 0.04% of their United States portfolio. Ls Investment Advisors Limited Liability holds 0.03% or 9,823 shares. 5,225 are held by Penobscot Investment Management. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.75. Affinity Inv Advsrs Lc invested in 108,423 shares. Geode Cap Mngmt Lc reported 2.32M shares. Raymond James maintained the shares of ZION in report on Tuesday, September 13 with "Buy" rating. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company's stock. Therefore 92% are positive. As per Wednesday, November 15, the company rating was upgraded by Stephens. BB&T Capital downgraded Accuride Corporation (NYSE:ACW) on Thursday, September 17 to "Hold" rating. The rating was maintained by Susquehanna with "Hold" on Thursday, January 4. As per Thursday, November 2, the company rating was maintained by Wells Fargo. Keefe Bruyette & Woods has "Buy" rating and $62.0 target. The firm has "Neutral" rating given on Monday, October 10 by Piper Jaffray. RBC Capital Markets has "Buy" rating and $71.0 target. RBC Capital Markets maintained InterXion Holding N.V. (NYSE:INXN) rating on Monday, April 24. Oppenheimer maintained it with "Buy" rating and $27.0 target in Monday, March 5 report.

Other reports by Click Lancashire

Discuss This Article

FOLLOW OUR NEWSPAPER