Hsbc Holdings PLC Has $875,000 Stock Holdings in Paramount Group, Inc. $PGRE

Key Points

• Hsbc Holdings PLC has reduced its stake in Paramount Group, Inc. by 36.8% during Q1, owning 203,664 shares valued at $875,000 at the end of the reporting period.
• Paramount Group reported earnings of $0.17 EPS for the last quarter, exceeding expectations, with revenue of $177.05 million, while its net margin remains negative at -10.49%.
• New price targets for Paramount Group's stock include an upgrade from Evercore ISI to $8.00, with two analysts rating the stock as a "Buy" and two as "Sell", reflecting mixed market sentiment.

Hsbc Holdings PLC lessened its stake in Paramount Group, Inc. (NYSE:PGRE - Free Report) by 36.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 203,664 shares of the financial services provider's stock after selling 118,621 shares during the quarter. Hsbc Holdings PLC owned 0.09% of Paramount Group worth $875,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Quantinno Capital Management LP increased its stake in Paramount Group by 22.0% in the 4th quarter. Quantinno Capital Management LP now owns 15,771 shares of the financial services provider's stock valued at $78,000 after buying an additional 2,845 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Paramount Group by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,005 shares of the financial services provider's stock worth $519,000 after purchasing an additional 3,673 shares during the last quarter. Manchester Capital Management LLC increased its stake in shares of Paramount Group by 99.2% during the 1st quarter. Manchester Capital Management LLC now owns 8,864 shares of the financial services provider's stock worth $38,000 after purchasing an additional 4,415 shares during the last quarter. Wolverine Asset Management LLC increased its stake in shares of Paramount Group by 86.6% during the 1st quarter. Wolverine Asset Management LLC now owns 12,195 shares of the financial services provider's stock worth $52,000 after purchasing an additional 5,659 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Paramount Group by 7.2% during the 4th quarter. MetLife Investment Management LLC now owns 109,172 shares of the financial services provider's stock worth $539,000 after purchasing an additional 7,359 shares during the last quarter. Institutional investors and hedge funds own 65.64% of the company's stock.

Paramount Group Price Performance

NYSE PGRE opened at $7.21 on Friday. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 0.90. The company has a fifty day simple moving average of $6.46 and a 200 day simple moving average of $5.40. The company has a market cap of $1.59 billion, a P/E ratio of -20.01 and a beta of 1.35. Paramount Group, Inc. has a 1 year low of $3.75 and a 1 year high of $7.26.

Paramount Group (NYSE:PGRE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $177.05 million during the quarter, compared to the consensus estimate of $173.98 million. Paramount Group had a negative net margin of 10.49% and a negative return on equity of 1.92%. Paramount Group has set its FY 2025 guidance at 0.550-0.590 EPS. On average, sell-side analysts predict that Paramount Group, Inc. will post 0.78 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on PGRE. Evercore ISI upgraded shares of Paramount Group from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $4.50 to $8.00 in a research note on Tuesday, May 20th. Mizuho increased their price target on shares of Paramount Group from $5.00 to $6.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company dropped their price target on shares of Paramount Group from $4.50 to $4.20 and set an "underweight" rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Paramount Group presently has a consensus rating of "Hold" and an average price target of $5.36.

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.

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