Russell Investments Group Ltd. Acquires 7,473 Shares of Park National Co. (PRK)

Russell Investments Group Ltd. increased its stake in Park National Co. (NYSEAMERICAN:PRK) by 437.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,183 shares of the financial services provider’s stock after purchasing an additional 7,473 shares during the quarter. Russell Investments Group Ltd. owned 0.06% of Park National worth $992,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bank of Montreal Can raised its position in shares of Park National by 33.1% during the 2nd quarter. Bank of Montreal Can now owns 1,374 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 342 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Park National by 252.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,332 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 1,670 shares during the period. Sei Investments Co. bought a new stake in shares of Park National during the 2nd quarter valued at $473,000. Legal & General Group Plc raised its position in shares of Park National by 1.9% during the 2nd quarter. Legal & General Group Plc now owns 4,953 shares of the financial services provider’s stock valued at $515,000 after purchasing an additional 91 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Park National during the 2nd quarter valued at $524,000.

Park National Co. (NYSEAMERICAN:PRK) opened at $107.92 on Friday. Park National Co. has a 52 week low of $92.42 and a 52 week high of $117.60. The company has a market cap of $1,650.00, a PE ratio of 20.40 and a beta of 0.75.

Park National (NYSEAMERICAN:PRK) last released its quarterly earnings results on Monday, October 23rd. The financial services provider reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.02). Park National had a return on equity of 11.73% and a net margin of 26.44%. The firm had revenue of $83.64 million for the quarter, compared to analysts’ expectations of $81.14 million.

PRK has been the subject of several research analyst reports. Zacks Investment Research raised shares of Park National from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. BidaskClub cut shares of Park National from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Park National in a research note on Tuesday, October 24th.

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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).

Institutional Ownership by Quarter for Park National (NYSEAMERICAN:PRK)

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