Profit Investment Management Increased Revlon (REV) Stake by $489,321 as Stock Value Declined; Zions Bancorporation (ZION) Shareholder Raymond James Financial Services Advisors Cut Its Holding by $458,500 as Stock Rose

April 9, 2018 - By Adrian Erickson

Revlon, Inc. (NYSE:REV) Logo

Raymond James Financial Services Advisors Inc decreased its stake in Zions Bancorporation (ZION) by 40.57% based on its latest 2017Q4 regulatory filing with the SEC. Raymond James Financial Services Advisors Inc sold 9,170 shares as the company’s stock rose 1.34% while stock markets declined. The institutional investor held 13,434 shares of the major banks company at the end of 2017Q4, valued at $683,000, down from 22,604 at the end of the previous reported quarter. Raymond James Financial Services Advisors Inc who had been investing in Zions Bancorporation for a number of months, seems to be less bullish one the $10.30B market cap company. The stock increased 1.91% or $0.98 during the last trading session, reaching $52.42. About 740,957 shares traded. Zions Bancorporation (NASDAQ:ZION) has risen 27.56% since April 9, 2017 and is uptrending. It has outperformed by 16.01% the S&P500.

Profit Investment Management Llc increased its stake in Revlon Inc (REV) by 21.98% based on its latest 2017Q4 regulatory filing with the SEC. Profit Investment Management Llc bought 23,301 shares as the company’s stock declined 10.48% with the market. The institutional investor held 129,297 shares of the consumer non-durables company at the end of 2017Q4, valued at $2.82M, up from 105,996 at the end of the previous reported quarter. Profit Investment Management Llc who had been investing in Revlon Inc for a number of months, seems to be bullish on the $1.19 billion market cap company. The stock decreased 0.43% or $0.1 during the last trading session, reaching $23. About 6,198 shares traded. Revlon, Inc. (NYSE:REV) has declined 27.18% since April 9, 2017 and is downtrending. It has underperformed by 38.73% the S&P500.

Raymond James Financial Services Advisors Inc, which manages about $52.09 billion and $15.99 billion US Long portfolio, upped its stake in Flowserve Corp (NYSE:FLS) by 19,104 shares to 27,448 shares, valued at $1.16 million in 2017Q4, according to the filing. It also increased its holding in Vanguard Index Fds (VBK) by 10,841 shares in the quarter, for a total of 96,501 shares, and has risen its stake in Wisdomtree Tr (HEDJ).

Among 31 analysts covering Zions Bancorporation (NASDAQ:ZION), 19 have Buy rating, 1 Sell and 11 Hold. Therefore 61% are positive. Zions Bancorporation had 131 analyst reports since July 21, 2015 according to SRatingsIntel. As per Monday, August 31, the company rating was upgraded by Zacks. The stock has “Hold” rating by Susquehanna on Thursday, January 4. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, June 19 report. On Wednesday, November 16 the stock rating was downgraded by Bernstein to “Mkt Perform”. Sandler O’Neill upgraded the shares of ZION in report on Wednesday, August 5 to “Buy” rating. The firm has “Mkt Perform” rating by FBR Capital given on Tuesday, October 25. The firm earned “Hold” rating on Tuesday, October 3 by Keefe Bruyette & Woods. The company was maintained on Friday, October 9 by Barclays Capital. The stock has “Sell” rating by UBS on Tuesday, January 26. Keefe Bruyette & Woods maintained Zions Bancorporation (NASDAQ:ZION) rating on Thursday, December 21. Keefe Bruyette & Woods has “Buy” rating and $60.0 target.

Analysts await Zions Bancorporation (NASDAQ:ZION) to report earnings on April, 23. They expect $0.83 earnings per share, up 36.07% or $0.22 from last year’s $0.61 per share. ZION’s profit will be $163.10M for 15.79 P/E if the $0.83 EPS becomes a reality. After $0.80 actual earnings per share reported by Zions Bancorporation for the previous quarter, Wall Street now forecasts 3.75% EPS growth.

Since December 8, 2017, it had 0 buys, and 12 insider sales for $4.31 million activity. Another trade for 1,500 shares valued at $81,375 was made by James Dianne R on Wednesday, February 14. On Friday, December 8 the insider Young Mark Richard sold $764,781. Shares for $387,649 were sold by Hume Alexander. $67,844 worth of Zions Bancorporation (NASDAQ:ZION) was sold by LAURSEN THOMAS E on Wednesday, January 31. BLACKFORD DAVID E also sold $60,098 worth of Zions Bancorporation (NASDAQ:ZION) shares. ALEXANDER BRUCE K also sold $260,550 worth of Zions Bancorporation (NASDAQ:ZION) shares.

Investors sentiment increased to 1.07 in 2017 Q4. Its up 0.02, from 1.05 in 2017Q3. It is positive, as 38 investors sold ZION shares while 138 reduced holdings. 67 funds opened positions while 122 raised stakes. 181.93 million shares or 0.36% more from 181.27 million shares in 2017Q3 were reported. Salem Investment Counselors reported 100 shares. Citigroup Inc owns 155,514 shares. Zacks Mgmt reported 0.05% stake. Alps Advsrs Inc holds 10,857 shares or 0% of its portfolio. Ameritas Inv Prtn accumulated 4,462 shares. Oak Assocs Oh has invested 0.04% in Zions Bancorporation (NASDAQ:ZION). Illinois-based Citadel Ltd has invested 0.09% in Zions Bancorporation (NASDAQ:ZION). Adage Prtnrs Grp Limited Liability Corp owns 560,500 shares. Dupont Management accumulated 5,400 shares or 0.01% of the stock. Virtu Ltd Llc reported 0.01% stake. Twin Capital Mngmt stated it has 125,180 shares. Creative Planning reported 24,494 shares stake. Pinebridge Lp holds 0.05% or 39,328 shares in its portfolio. Legal & General Public Ltd Company has 978,353 shares. Reilly Financial Advsr Ltd Com holds 0% or 593 shares in its portfolio.

Zions Bancorporation (NASDAQ:ZION) Institutional Positions Chart

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