BlackRock Amends Zions Bancorp Stake, Signals Continued Institutional Hold
Ticker: ZIONP · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 109380
| Field | Detail |
|---|---|
| Company | Zions Bancorporation, National Association /Ut/ (ZIONP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns Zions Bancorp stock, showing continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, indicating its ownership of Zions Bancorporation, National Association /UT/ common stock as of December 31, 2023. This filing, Amendment No. 8, updates their previous disclosures, showing BlackRock continues to be a significant institutional holder in the bank. This matters to investors because large institutional ownership by firms like BlackRock can signal confidence in the stock, but changes in their holdings can also influence market perception and liquidity.
Why It Matters
This filing confirms BlackRock's ongoing significant institutional ownership in Zions Bancorporation, which can provide a level of stability and investor confidence in the stock.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder, but this routine update doesn't provide new actionable insights beyond confirming institutional interest. Further analysis would require reviewing the full filing to see the exact percentage of ownership.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Zions Bancorporation, National Association /UT/ (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the date the SC 13G/A was filed
- Amendment No. 8 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the 'subject company' in this filing?
The subject company is ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/, with a Central Index Key (CIK) of 0000109380.
Who is the 'filing entity' or 'reporting person'?
The filing entity is BlackRock Inc., with a Central Index Key (CIK) of 0001364742.
What is the 'Date of Event Which Requires Filing of this Statement'?
The date of the event requiring this filing is December 31, 2023.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Zions Bancorporation, National Association is 989701107.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ (ZIONP).