Connor Clark & Lunn Investment Management Ltd. grew its stake in Paramount Group, Inc. (NYSE:PGRE - Free Report) by 78.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 637,384 shares of the financial services provider's stock after acquiring an additional 280,559 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.29% of Paramount Group worth $3,149,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of Paramount Group by 21.4% during the third quarter. JPMorgan Chase & Co. now owns 2,517,829 shares of the financial services provider's stock valued at $12,388,000 after purchasing an additional 443,777 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Paramount Group by 7.9% during the third quarter. Geode Capital Management LLC now owns 4,695,561 shares of the financial services provider's stock valued at $23,107,000 after purchasing an additional 345,450 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Paramount Group during the third quarter valued at approximately $643,000. Barclays PLC boosted its stake in shares of Paramount Group by 95.5% during the third quarter. Barclays PLC now owns 455,700 shares of the financial services provider's stock valued at $2,242,000 after purchasing an additional 222,656 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Paramount Group by 398.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,388,257 shares of the financial services provider's stock valued at $6,830,000 after purchasing an additional 1,109,485 shares in the last quarter. 65.64% of the stock is currently owned by institutional investors.
Paramount Group Stock Down 1.5 %
NYSE PGRE traded down $0.07 on Friday, hitting $4.15. The stock had a trading volume of 2,089,067 shares, compared to its average volume of 973,980. Paramount Group, Inc. has a 52-week low of $3.96 and a 52-week high of $5.47. The business's fifty day moving average price is $4.53 and its 200 day moving average price is $4.80. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.45 and a quick ratio of 4.45. The stock has a market cap of $901.65 million, a price-to-earnings ratio of -4.23 and a beta of 1.22.
Paramount Group (NYSE:PGRE - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The financial services provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. The business had revenue of $186.27 million during the quarter, compared to the consensus estimate of $180.41 million. Equities research analysts anticipate that Paramount Group, Inc. will post 0.78 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. Morgan Stanley cut their price target on shares of Paramount Group from $4.25 to $4.00 and set an "equal weight" rating on the stock in a report on Tuesday. Mizuho cut their price target on shares of Paramount Group from $6.00 to $5.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th.
Check Out Our Latest Report on Paramount Group
About Paramount Group
(
Free Report)
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.
Read More
Before you consider Paramount Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paramount Group wasn't on the list.
While Paramount Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
