Charles Schwab Investment Management Inc. Has $16.16 Million Stake in Paramount Group, Inc. (NYSE:PGRE)

Charles Schwab Investment Management Inc. cut its stake in Paramount Group, Inc. (NYSE:PGRE - Free Report) by 17.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,270,697 shares of the financial services provider's stock after selling 682,881 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.50% of Paramount Group worth $16,157,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in 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 worth $12,388,000 after buying an additional 443,777 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Paramount Group by 782.7% in the 3rd 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 purchasing an additional 316,399 shares during the period. Geode Capital Management LLC lifted its position 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 buying an additional 345,450 shares during the period. Franklin Resources Inc. acquired a new stake in Paramount Group in the 3rd quarter valued at $643,000. Finally, Barclays PLC grew its position in Paramount Group by 95.5% in the third quarter. Barclays PLC now owns 455,700 shares of the financial services provider's stock valued at $2,242,000 after acquiring an additional 222,656 shares during the period. 65.64% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities research analysts have recently commented on PGRE shares. Morgan Stanley reduced their target price on shares of Paramount Group from $4.25 to $4.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 18th. Mizuho cut their target price on shares of Paramount Group from $6.00 to $5.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th.

Paramount Group Price Performance

Shares of Paramount Group stock traded up $0.07 during trading on Monday, reaching $4.22. The company's stock had a trading volume of 814,202 shares, compared to its average volume of 970,476. The stock has a 50-day moving average price of $4.52 and a two-hundred day moving average price of $4.80. The stock has a market capitalization of $916.88 million, a P/E ratio of -4.30 and a beta of 1.22. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.91. Paramount Group, Inc. has a one year low of $3.96 and a one year high of $5.47.

Paramount Group (NYSE:PGRE - Get Free Report) last announced its earnings results 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 the consensus estimate of $180.41 million. As a group, sell-side analysts anticipate that Paramount Group, Inc. will post 0.78 EPS for the current fiscal year.

Paramount Group 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.