Paramount Group, Inc. (NYSE:PGRE) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its holdings in Paramount Group, Inc. (NYSE:PGRE - Free Report) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,636,500 shares of the financial services provider's stock after selling 59,061 shares during the quarter. Geode Capital Management LLC owned approximately 2.13% of Paramount Group worth $22,910,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank purchased a new stake in Paramount Group during the fourth quarter valued at about $2,701,000. Vanguard Group Inc. increased its position 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 purchasing an additional 477,940 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in 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 buying an additional 443,777 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Paramount Group by 11.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,895,573 shares of the financial services provider's stock valued at $14,304,000 after buying an additional 292,392 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Paramount Group by 78.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 637,384 shares of the financial services provider's stock worth $3,149,000 after buying an additional 280,559 shares during the period. Institutional investors and hedge funds own 65.64% of the company's stock.

Analyst Upgrades and Downgrades

PGRE has been the topic of several recent research reports. Morgan Stanley restated an "underweight" rating and set a $3.25 target price on shares of Paramount Group in a report on Tuesday, April 15th. StockNews.com cut Paramount Group from a "hold" rating to a "sell" rating in a research note on Wednesday. Finally, Mizuho lowered their target price 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.

Paramount Group Stock Down 0.8 %

PGRE traded down $0.04 during trading hours on Thursday, reaching $4.32. 394,274 shares of the stock traded hands, compared to its average volume of 1,183,010. Paramount Group, Inc. has a fifty-two week low of $3.75 and a fifty-two week high of $5.47. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.45 and a quick ratio of 4.45. The company has a market cap of $945.96 million, a price-to-earnings ratio of -4.40 and a beta of 1.10. The firm's fifty day simple moving average is $4.26 and its two-hundred day simple moving average is $4.66.

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, beating 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 company had revenue of $186.27 million during the quarter, compared to the consensus estimate of $180.41 million. As a group, analysts forecast that Paramount Group, Inc. will post 0.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Albert P. Behler acquired 10,000 shares of Paramount Group stock in a transaction on Friday, March 21st. The shares were purchased at an average cost of $4.15 per share, for a total transaction of $41,500.00. Following the purchase, the chief executive officer now directly owns 751,812 shares of the company's stock, valued at $3,120,019.80. The trade was a 1.35 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.80% of the stock is owned by company insiders.

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.