Ameriprise Financial Inc. raised its position in shares of Park National Co. (NYSEAMERICAN:PRK) by 14.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,187 shares of the financial services provider’s stock after purchasing an additional 1,155 shares during the period. Ameriprise Financial Inc.’s holdings in Park National were worth $993,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PRK. Commonwealth Equity Services Inc acquired a new position in shares of Park National during the third quarter worth $396,000. Russell Investments Group Ltd. increased its holdings in shares of Park National by 437.0% during the third quarter. Russell Investments Group Ltd. now owns 9,183 shares of the financial services provider’s stock worth $992,000 after buying an additional 7,473 shares in the last quarter. PARK CIRCLE Co acquired a new position in shares of Park National during the third quarter worth $649,000. Victory Capital Management Inc. increased its holdings in shares of Park National by 36.5% during the third quarter. Victory Capital Management Inc. now owns 8,504 shares of the financial services provider’s stock worth $918,000 after buying an additional 2,274 shares in the last quarter. Finally, Segment Wealth Management LLC increased its holdings in shares of Park National by 27.0% during the third quarter. Segment Wealth Management LLC now owns 6,094 shares of the financial services provider’s stock worth $658,000 after buying an additional 1,294 shares in the last quarter.

Shares of Park National Co. (NYSEAMERICAN PRK) opened at $106.95 on Friday. Park National Co. has a one year low of $92.42 and a one year high of $117.60. The firm has a market cap of $1,590.00, a price-to-earnings ratio of 20.22 and a beta of 0.75.

Park National (NYSEAMERICAN:PRK) last issued its quarterly earnings data on Monday, October 23rd. The financial services provider reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.02). Park National had a return on equity of 11.73% and a net margin of 26.44%. The business had revenue of $83.64 million during the quarter, compared to the consensus estimate of $81.14 million.

PRK has been the subject of several research analyst reports. BidaskClub upgraded shares of Park National from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Zacks Investment Research upgraded shares of Park National from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Park National in a report on Tuesday, October 24th.

ILLEGAL ACTIVITY WARNING: “Park National Co. (PRK) Shares Bought by Ameriprise Financial Inc.” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://www.thecerbatgem.com/2018/01/12/park-national-co-prk-shares-bought-by-ameriprise-financial-inc.html.

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).

Want to see what other hedge funds are holding PRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Park National Co. (NYSEAMERICAN:PRK).

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

Receive News & Stock Ratings for Park National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park National and related stocks with our FREE daily email newsletter.