JPMorgan Chase & Co. Grows Position in Paramount Group, Inc. (NYSE:PGRE)

JPMorgan Chase & Co. increased its holdings in shares of Paramount Group, Inc. (NYSE:PGRE - Free Report) by 6.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,678,713 shares of the financial services provider's stock after acquiring an additional 160,884 shares during the period. JPMorgan Chase & Co. owned about 1.23% of Paramount Group worth $13,233,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. FMR LLC increased its position in shares of Paramount Group by 42.5% during the third quarter. FMR LLC now owns 22,695 shares of the financial services provider's stock worth $112,000 after acquiring an additional 6,768 shares during the period. Quantinno Capital Management LP bought a new stake in Paramount Group during the third quarter valued at about $64,000. Jane Street Group LLC grew its position in shares of Paramount Group by 94.8% in the 3rd quarter. Jane Street Group LLC now owns 350,559 shares of the financial services provider's stock worth $1,725,000 after buying an additional 170,639 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Paramount Group by 13.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 236,200 shares of the financial services provider's stock worth $1,162,000 after purchasing an additional 28,900 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in Paramount Group by 11.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 271,692 shares of the financial services provider's stock valued at $1,337,000 after buying an additional 26,878 shares in the last quarter. Hedge funds and other institutional investors own 65.64% of the company's stock.

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Insiders Place Their Bets

In related news, CEO Albert P. Behler acquired 10,000 shares of the business's stock in a transaction dated Friday, March 21st. The shares were acquired at an average price of $4.15 per share, with a total value of $41,500.00. Following the completion of the transaction, the chief executive officer now owns 751,812 shares of the company's stock, valued at $3,120,019.80. The trade was a 1.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 13.50% of the company's stock.

Paramount Group Trading Down 2.9 %

Shares of Paramount Group stock traded down $0.13 on Tuesday, reaching $4.12. The company had a trading volume of 2,135,410 shares, compared to its average volume of 1,120,010. The company has a debt-to-equity ratio of 0.91, a quick ratio of 4.45 and a current ratio of 4.45. The firm has a market cap of $902.11 million, a PE ratio of -4.20 and a beta of 1.10. The firm's 50 day moving average price is $4.34 and its two-hundred day moving average price is $4.69. Paramount Group, Inc. has a 52-week low of $3.75 and a 52-week high of $5.47.

Paramount Group (NYSE:PGRE - Get Free Report) last released its quarterly earnings results 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 return on equity of 5.26% and a negative net margin of 27.92%. The business had revenue of $186.27 million during the quarter, compared to analyst estimates of $180.41 million. Sell-side analysts predict that Paramount Group, Inc. will post 0.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PGRE has been the subject of several research analyst reports. Mizuho reduced their price objective on Paramount Group from $6.00 to $5.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. Morgan Stanley reaffirmed an "underweight" rating and set a $3.25 target price on shares of Paramount Group in a report on Tuesday.

About Paramount Group

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.