California Public Employees Retirement System raised its position in Park National Co. (NYSEAMERICAN:PRK) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,457 shares of the financial services provider’s stock after buying an additional 1,242 shares during the period. California Public Employees Retirement System owned 0.30% of Park National worth $4,728,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of PRK. Nationwide Fund Advisors increased its stake in Park National by 123.8% in the 3rd quarter. Nationwide Fund Advisors now owns 16,817 shares of the financial services provider’s stock valued at $1,816,000 after buying an additional 9,304 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Park National by 36.5% during the 3rd quarter. Victory Capital Management Inc. now owns 8,504 shares of the financial services provider’s stock worth $918,000 after purchasing an additional 2,274 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Park National by 437.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,183 shares of the financial services provider’s stock worth $992,000 after purchasing an additional 7,473 shares during the last quarter. Commonwealth Equity Services Inc purchased a new stake in shares of Park National during the 3rd quarter worth approximately $396,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Park National by 14.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 9,187 shares of the financial services provider’s stock worth $993,000 after purchasing an additional 1,155 shares during the last quarter.
Shares of Park National Co. (PRK) opened at $106.97 on Tuesday. Park National Co. has a one year low of $92.42 and a one year high of $116.75. The stock has a market cap of $1,660.00, a P/E ratio of 19.27 and a beta of 0.74.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 16th were paid a $0.94 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.76 dividend on an annualized basis and a yield of 3.52%. Park National’s dividend payout ratio is 67.75%.
In related news, Director Robert E. Oneill sold 368 shares of Park National stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $103.13, for a total value of $37,951.84. Following the completion of the transaction, the director now directly owns 7,330 shares in the company, valued at approximately $755,942.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, Zacks Investment Research lowered shares of Park National from a “buy” rating to a “hold” rating in a research note on Saturday, November 18th.
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Park National Company Profile
Park National Corporation (Park) is a financial holding company. Park’s principal business consists of owning and supervising its subsidiaries. Park’s banking operations are conducted through The Park National Bank (Park National Bank). Its segments include Park National Bank, Guardian Financial Services Company (Guardian Finance) and SE Property Holdings, LLC (SEPH).
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