XTX Topco Ltd Acquires New Position in Park National Co. (NYSE:PRK)

XTX Topco Ltd acquired a new stake in Park National Co. (NYSE:PRK - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,267 shares of the company's stock, valued at approximately $495,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Park National by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 495,854 shares of the company's stock valued at $85,006,000 after acquiring an additional 3,911 shares during the period. Northern Trust Corp lifted its position in shares of Park National by 4.3% during the 4th quarter. Northern Trust Corp now owns 182,808 shares of the company's stock valued at $31,339,000 after acquiring an additional 7,505 shares during the period. First Trust Advisors LP lifted its position in shares of Park National by 77.5% during the 4th quarter. First Trust Advisors LP now owns 160,715 shares of the company's stock valued at $27,551,000 after acquiring an additional 70,170 shares during the period. Invesco Ltd. raised its position in shares of Park National by 22.8% during the 4th quarter. Invesco Ltd. now owns 107,428 shares of the company's stock worth $18,416,000 after purchasing an additional 19,948 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Park National by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 72,418 shares of the company's stock worth $10,964,000 after purchasing an additional 1,895 shares during the last quarter. Institutional investors and hedge funds own 62.65% of the company's stock.

Park National Trading Down 0.5%

Shares of PRK opened at $160.00 on Friday. The stock has a fifty day moving average of $166.23 and a two-hundred day moving average of $161.46. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.94. The company has a market capitalization of $2.57 billion, a PE ratio of 17.19 and a beta of 0.76. Park National Co. has a fifty-two week low of $137.97 and a fifty-two week high of $207.99.

Park National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a $1.07 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.28 annualized dividend and a yield of 2.7%. Park National's payout ratio is 41.59%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PRK shares. Wall Street Zen downgraded Park National from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Raymond James Financial started coverage on Park National in a research report on Monday, July 21st. They set a "market perform" rating for the company. Finally, Keefe, Bruyette & Woods lifted their price objective on Park National from $167.00 to $170.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th.

About Park National

Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in small and medium population areas. The company offers deposits for demand, savings, and time accounts; trust and wealth management services; cash management services; safe deposit operations; electronic funds transfers; Internet and mobile banking solutions with bill pay service; credit cards; and various additional banking-related services.

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