Paramount Group, Inc. (NYSE:PGRE) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in Paramount Group, Inc. (NYSE:PGRE - Free Report) by 21.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,517,829 shares of the financial services provider's stock after buying an additional 443,777 shares during the quarter. JPMorgan Chase & Co. owned 1.16% of Paramount Group worth $12,388,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. purchased a new stake in shares of Paramount Group in the 3rd quarter worth $643,000. Geode Capital Management LLC lifted its stake in shares of Paramount Group by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,695,561 shares of the financial services provider's stock worth $23,107,000 after purchasing an additional 345,450 shares during the last quarter. Barclays PLC lifted its stake 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 purchasing an additional 222,656 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of 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 worth $1,337,000 after purchasing an additional 26,878 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Paramount Group by 13.9% during the 3rd 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 during the last quarter. 65.64% of the stock is currently owned by hedge funds and other institutional investors.

Paramount Group Stock Down 5.9 %

Shares of NYSE PGRE traded down $0.29 during mid-day trading on Friday, reaching $4.61. 892,943 shares of the company were exchanged, compared to its average volume of 1,078,674. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of -4.70 and a beta of 1.22. Paramount Group, Inc. has a 1 year low of $4.21 and a 1 year high of $5.47. The firm has a 50-day moving average of $4.89 and a 200 day moving average of $4.94.

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.