Paramount Group, Inc. (NYSE:PGRE) Shares Sold by LSV Asset Management

LSV Asset Management reduced its position in Paramount Group, Inc. (NYSE:PGRE - Free Report) by 96.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,600 shares of the financial services provider's stock after selling 573,800 shares during the period. LSV Asset Management's holdings in Paramount Group were worth $102,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Paramount Group by 21.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,517,829 shares of the financial services provider's stock valued at $12,388,000 after buying an additional 443,777 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Paramount Group by 7.9% in the 3rd 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 during the period. Vanguard Group Inc. increased its stake in Paramount Group by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 26,922,796 shares of the financial services provider's stock worth $132,999,000 after acquiring an additional 477,940 shares during the period. Franklin Resources Inc. bought a new position in Paramount Group in the third quarter valued at approximately $643,000. Finally, Barclays PLC lifted its position in shares of Paramount Group by 95.5% during the 3rd quarter. Barclays PLC now owns 455,700 shares of the financial services provider's stock worth $2,242,000 after buying an additional 222,656 shares during the last quarter. Institutional investors and hedge funds own 65.64% of the company's stock.

Insider Buying and Selling at Paramount Group

In other news, CEO Albert P. Behler acquired 10,000 shares of the firm's stock in a transaction on Friday, March 21st. The stock was acquired at an average price of $4.15 per share, with a total value of $41,500.00. Following the completion of the purchase, the chief executive officer now directly owns 751,812 shares in the company, valued at approximately $3,120,019.80. This trade represents a 1.35 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 13.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PGRE. Morgan Stanley reissued an "underweight" rating and issued a $3.25 price target on shares of Paramount Group in a research note on Tuesday, April 15th. Mizuho dropped their target price on Paramount Group from $6.00 to $5.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th.

Paramount Group Trading Down 0.8 %

Shares of Paramount Group stock traded down $0.04 during trading on Monday, reaching $4.21. 351,208 shares of the stock were exchanged, compared to its average volume of 1,158,850. 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 1 year low of $3.75 and a 1 year high of $5.47. The stock's fifty day moving average is $4.29 and its 200 day moving average is $4.67. The firm has a market cap of $923.81 million, a price-to-earnings ratio of -4.30 and a beta of 1.10.

Paramount Group (NYSE:PGRE - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The financial services provider reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $186.27 million during the quarter, compared to analyst estimates of $180.41 million. As a group, equities research analysts expect that Paramount Group, Inc. will post 0.78 earnings per share for the current fiscal year.

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.