SG Americas Securities LLC increased its holdings in shares of Paramount Group, Inc. (NYSE:PGRE - Free Report) by 206.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 84,790 shares of the financial services provider's stock after acquiring an additional 57,105 shares during the period. SG Americas Securities LLC's holdings in Paramount Group were worth $419,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of PGRE. JPMorgan Chase & Co. grew its position in shares of Paramount Group by 21.4% in 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 during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Paramount Group by 782.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 356,825 shares of the financial services provider's stock valued at $1,756,000 after acquiring an additional 316,399 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Paramount Group by 7.9% in the third quarter. Geode Capital Management LLC now owns 4,695,561 shares of the financial services provider's stock worth $23,107,000 after acquiring an additional 345,450 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of Paramount Group during the third quarter worth approximately $643,000. Finally, Barclays PLC raised its stake in Paramount Group by 95.5% in the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 65.64% of the company's stock.
Paramount Group Price Performance
PGRE traded up $0.03 on Thursday, hitting $4.81. 380,556 shares of the company's stock were exchanged, compared to its average volume of 1,074,957. Paramount Group, Inc. has a fifty-two week low of $4.21 and a fifty-two week high of $5.47. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -4.90 and a beta of 1.22. The firm has a 50-day moving average price of $4.78 and a 200-day moving average price of $4.91. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.91.
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.
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