Paramount Group, Inc. (NYSE:PGRE) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in shares of Paramount Group, Inc. (NYSE:PGRE - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,922,796 shares of the financial services provider's stock after acquiring an additional 477,940 shares during the period. Vanguard Group Inc. owned about 12.38% of Paramount Group worth $132,999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of PGRE. Geode Capital Management LLC increased 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 in the last quarter. JPMorgan Chase & Co. increased its position 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Paramount Group by 398.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,388,257 shares of the financial services provider's stock worth $6,830,000 after acquiring an additional 1,109,485 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Paramount Group by 78.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 637,384 shares of the financial services provider's stock valued at $3,149,000 after acquiring an additional 280,559 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 65.64% of the company's stock.

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Paramount Group Trading Up 2.4 %

Shares of NYSE:PGRE traded up $0.10 during midday trading on Friday, reaching $4.13. The company's stock had a trading volume of 2,911,065 shares, compared to its average volume of 1,114,595. The firm has a market cap of $904.30 million, a price-to-earnings ratio of -4.21 and a beta of 1.10. The business has a 50 day moving average price of $4.35 and a 200 day moving average price of $4.70. Paramount Group, Inc. has a 1 year low of $3.75 and a 1 year high of $5.47. 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 (NYSE:PGRE - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.19 EPS 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 analysts' expectations of $180.41 million. Research analysts forecast that Paramount Group, Inc. will post 0.78 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on PGRE. Mizuho dropped their price objective on Paramount Group from $6.00 to $5.00 and set an "outperform" rating for the company in a research report on Tuesday, February 25th. Morgan Stanley lowered their price target on shares of Paramount Group from $4.25 to $4.00 and set an "equal weight" rating for the company in a report on Tuesday, March 18th.

Insider Buying and Selling

In related news, CEO Albert P. Behler purchased 10,000 shares of the firm's stock in a transaction on Friday, March 21st. The shares were bought at an average price of $4.15 per share, for a total transaction of $41,500.00. Following the acquisition, the chief executive officer now directly owns 751,812 shares in the company, valued at $3,120,019.80. This trade represents a 1.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. 13.50% of the stock is currently owned by company insiders.

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.