Zions Bancorporation (ZION) Valuation Declined While Cortland Advisers LLC Upped by $49.53 Million Its Stake

February 13, 2018 - By Larry Anderson

Investors sentiment decreased to 1.05 in 2017 Q3. Its down 0.04, from 1.09 in 2017Q2. It is negative, as 45 investors sold ZION shares while 132 reduced holdings. 54 funds opened positions while 131 raised stakes. 181.27 million shares or 1.35% less from 183.76 million shares in 2017Q2 were reported. Aperio Ltd Co owns 114,190 shares for 0.03% of their portfolio. Acadian Asset Mngmt Ltd Com has invested 0% in Zions Bancorporation (NASDAQ:ZION). The New York-based Third Avenue Mgmt Ltd Co has invested 1.19% in Zions Bancorporation (NASDAQ:ZION). Renaissance Ltd Liability Company invested in 4,300 shares or 0% of the stock. Hanseatic Management Svcs has 0.99% invested in Zions Bancorporation (NASDAQ:ZION). Nordea Invest stated it has 0% of its portfolio in Zions Bancorporation (NASDAQ:ZION). Cornerstone Advsrs accumulated 337 shares. Apg Asset Nv invested in 59,500 shares. Wealthfront holds 28,688 shares or 0.02% of its portfolio. Highlander Capital Mngmt Ltd holds 0.11% of its portfolio in Zions Bancorporation (NASDAQ:ZION) for 3,000 shares. River And Mercantile Asset Mngmt Llp reported 133,944 shares stake. California Pub Employees Retirement Sys holds 0.04% of its portfolio in Zions Bancorporation (NASDAQ:ZION) for 582,012 shares. 283,460 are held by Jacobs Levy Equity. Parkwood Llc holds 0.03% or 4,310 shares in its portfolio. 12.50M are held by State Street Corp.

Since August 14, 2017, it had 0 insider purchases, and 3 sales for $1.22 million activity. 13,000 shares were sold by Schreiber Edward, worth $584,717 on Monday, August 14. Shares for $91,200 were sold by James Dianne R. $387,649 worth of stock was sold by Hume Alexander on Wednesday, January 31. Young Mark Richard also sold $764,781 worth of Zions Bancorporation (NASDAQ:ZION) on Friday, December 8.

Cortland Advisers Llc increased its stake in Zions Bancorporation (ZION) by 49.58% based on its latest 2017Q3 regulatory filing with the SEC. Cortland Advisers Llc bought 1.05M shares as the company’s stock declined 10.19% while stock markets rallied. The institutional investor held 3.18 million shares of the major banks company at the end of 2017Q3, valued at $150.01M, up from 2.13M at the end of the previous reported quarter. Cortland Advisers Llc who had been investing in Zions Bancorporation for a number of months, seems to be bullish on the $10.23 billion market cap company. The stock decreased 0.50% or $0.26 during the last trading session, reaching $51.8. About 205,003 shares traded. Zions Bancorporation (NASDAQ:ZION) has risen 48.85% since February 13, 2017 and is uptrending. It has outperformed by 32.15% the S&P500.

Cortland Advisers Llc, which manages about $2.18B US Long portfolio, decreased its stake in Royal Bank Of Canada (NYSE:RY) by 39,049 shares to 1.38M shares, valued at $106.64 million in 2017Q3, according to the filing. It also reduced its holding in Chevron Corp (NYSE:CVX) by 33,191 shares in the quarter, leaving it with 1.19 million shares, and cut its stake in Bank Of New York Mellon Corp/The (NYSE:BK).

More important recent Zions Bancorporation (NASDAQ:ZION) news were published by: Nasdaq.com which released: “Call buyers look for gains from Zions Bancorporation” on January 29, 2018, also Seekingalpha.com published article titled: “Zions Bancorp’s (ZION) CEO Harris Simmons on Q4 2017 Results – Earnings Call …”, Nasdaq.com published: “Zions Bancorp Earnings Retreat 9% In Q4” on January 22, 2018. More interesting news about Zions Bancorporation (NASDAQ:ZION) was released by: Nasdaq.com and their article: “Zions Bancorporation (ZION) Ex-Dividend Date Scheduled for February 14, 2018” with publication date: February 13, 2018.

Zions Bancorporation (NASDAQ:ZION) Ratings Coverage

Among 30 analysts covering Zions Bancorporation (NASDAQ:ZION), 16 have Buy rating, 1 Sell and 13 Hold. Therefore 53% are positive. Zions Bancorporation had 120 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Bank of America given on Thursday, December 15. Macquarie Research downgraded the stock to “Neutral” rating in Tuesday, November 22 report. The firm earned “Outperform” rating on Tuesday, April 26 by Macquarie Research. As per Monday, June 19, the company rating was maintained by Keefe Bruyette & Woods. The stock of Zions Bancorporation (NASDAQ:ZION) earned “Outperform” rating by Credit Suisse on Tuesday, August 16. The company was upgraded on Friday, September 8 by Robert W. Baird. Bernstein maintained it with “Outperform” rating and $34 target in Tuesday, April 26 report. The company was maintained on Friday, December 2 by FBR Capital. On Friday, January 26 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The rating was downgraded by Robert W. Baird to “Underperform” on Monday, October 2.

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