Corient Private Wealth LP acquired a new position in Park National Co. (NYSE:PRK – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,572 shares of the company’s stock, valued at approximately $3,398,000.
Several other institutional investors have also added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in Park National by 59.2% during the 1st quarter. Royal Bank of Canada now owns 3,085 shares of the company’s stock valued at $467,000 after purchasing an additional 1,147 shares during the period. AQR Capital Management LLC lifted its position in shares of Park National by 27.6% in the 1st quarter. AQR Capital Management LLC now owns 4,087 shares of the company’s stock worth $619,000 after purchasing an additional 884 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Park National by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,583 shares of the company’s stock worth $1,299,000 after purchasing an additional 384 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Park National by 4.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 31,122 shares of the company’s stock valued at $4,712,000 after purchasing an additional 1,293 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Park National by 3,571.9% in the 1st quarter. Jane Street Group LLC now owns 50,342 shares of the company’s stock valued at $7,622,000 after purchasing an additional 48,971 shares during the last quarter. 62.65% of the stock is currently owned by institutional investors.
Park National Trading Down 2.0%
Shares of PRK stock opened at $191.41 on Wednesday. The company has a market cap of $3.46 billion, a P/E ratio of 20.56 and a beta of 0.69. The stock has a 50 day simple moving average of $194.94 and a two-hundred day simple moving average of $178.04. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.94. Park National Co. has a fifty-two week low of $149.06 and a fifty-two week high of $215.00.
Park National Announces Dividend
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on PRK shares. Piper Sandler lifted their target price on shares of Park National from $189.00 to $217.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods boosted their target price on shares of Park National from $180.00 to $205.00 and gave the company a “market perform” rating in a report on Thursday, July 30th. Finally, Raymond James Financial assumed coverage on shares of Park National in a research report on Tuesday, July 7th. They set a “market perform” rating on the stock. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, Park National presently has a consensus rating of “Hold” and an average price target of $211.00.
View Our Latest Stock Analysis on Park National
Park National Profile
Park National Corporation is a bank holding company whose primary subsidiary, The Park National Bank, provides a full suite of commercial and personal banking services. The company’s main business activities include deposit-taking, commercial and industrial lending, mortgage originations and trust and wealth management services. Park National aims to serve the financial needs of businesses, professionals, families and nonprofit organizations across its regional footprint.
Through its subsidiary banks, Park National offers traditional deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside loan products including commercial real estate loans, agricultural lending, equipment financing and consumer installment loans.
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