Charles Schwab Investment Management Inc. Sells 399,033 Shares of Paramount Group, Inc. (NYSE:PGRE)

Charles Schwab Investment Management Inc. reduced its stake in shares of Paramount Group, Inc. (NYSE:PGRE - Free Report) by 9.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,953,578 shares of the financial services provider's stock after selling 399,033 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.82% of Paramount Group worth $19,452,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of PGRE. 1620 Investment Advisors Inc. bought a new stake in Paramount Group in the second quarter valued at approximately $52,000. Ground Swell Capital LLC bought a new stake in shares of Paramount Group in the 3rd quarter valued at $67,000. Marshall Wace LLP acquired a new stake in Paramount Group during the 2nd quarter worth $74,000. Metis Global Partners LLC lifted its holdings in Paramount Group by 38.8% during the third quarter. Metis Global Partners LLC now owns 18,020 shares of the financial services provider's stock worth $89,000 after acquiring an additional 5,039 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new position in Paramount Group during the third quarter worth about $106,000. 65.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wells Fargo & Company raised their price target on Paramount Group from $3.50 to $4.00 and gave the stock an "underweight" rating in a research report on Wednesday, September 11th.

Paramount Group Stock Up 0.2 %

PGRE traded up $0.01 during trading on Friday, hitting $4.81. The company had a trading volume of 738,884 shares, compared to its average volume of 783,116. The company has a market capitalization of $1.05 billion, a PE ratio of -4.91 and a beta of 1.23. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91. Paramount Group, Inc. has a one year low of $4.21 and a one year high of $5.92. The firm's 50-day moving average price is $4.97 and its 200 day moving average price is $4.88.

Paramount Group Company Profile

Paramount Group, Inc ("Paramount" or the "Company") is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.