Jane Street Group LLC Grows Position in Park National Co. (NYSE:PRK)

Jane Street Group LLC boosted its holdings in Park National Co. (NYSE:PRK - Free Report) by 42.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 20,225 shares of the company's stock after buying an additional 6,031 shares during the period. Jane Street Group LLC owned 0.13% of Park National worth $3,397,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PRK. nVerses Capital LLC bought a new position in shares of Park National during the second quarter worth $85,000. Contravisory Investment Management Inc. bought a new position in shares of Park National during the 3rd quarter valued at about $227,000. PDS Planning Inc purchased a new position in shares of Park National during the third quarter valued at about $228,000. Algert Global LLC bought a new stake in shares of Park National in the second quarter worth about $231,000. Finally, CWA Asset Management Group LLC bought a new position in Park National during the third quarter valued at approximately $263,000. 62.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded Park National from a "hold" rating to a "sell" rating in a research note on Friday, August 23rd.

Park National Price Performance

Shares of Park National stock traded up $1.04 during trading hours on Friday, reaching $173.58. The company's stock had a trading volume of 249,552 shares, compared to its average volume of 53,619. The firm has a 50 day moving average price of $184.53 and a 200-day moving average price of $167.88. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $2.80 billion, a P/E ratio of 20.54 and a beta of 0.72. Park National Co. has a one year low of $123.08 and a one year high of $207.99.

Park National Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a yield of 1.15%. Park National's dividend payout ratio (DPR) is presently 50.18%.

Park National Company Profile

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.