In a recent analysis of ownership structure, it was revealed that institutional investors hold an 84% stake in Zions Bancorporation (NASDAQ:ZION), indicating their significant influence over the company's share price. The group, also known as liquidity providers, controls substantial amounts of money and often has a significant impact on stock price movements.
This influence was most recently felt when the company's market cap fell to $5.0 billion last week following a 7.1% drop in the share price. This recent loss adds to a one-year loss of 40% for stockholders, which may not sit well with institutional investors. If the weakness in Zions Bancorporation National Association (NASDAQ:ZION)'s share price continues, these investors may feel compelled to sell their stock.
The company's largest shareholder is The Vanguard Group, Inc., with ownership of 14%. BlackRock (NYSE:BLK), Inc. and State Street (NYSE:STT) Global Advisors, Inc. are the second and third largest shareholders, holding 7.1% and 5.5% of the shares outstanding respectively. Further investigation revealed that the top 13 shareholders have a combined ownership of 51% in the company.
Insider ownership is also significant in Zions Bancorporation National Association with insiders holding shares worth $82 million. This level of investment by insiders is generally seen as positive by shareholders.
The general public, including retail investors, own a 14% stake in the company. While they may not have the power to make significant decisions, their influence on how the company is run should not be underestimated.
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