Jane Street Group LLC Has $440,000 Holdings in Paramount Group, Inc. (NYSE:PGRE)

Jane Street Group LLC lowered its stake in shares of Paramount Group, Inc. (NYSE:PGRE - Free Report) by 74.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,162 shares of the financial services provider's stock after selling 261,397 shares during the period. Jane Street Group LLC's holdings in Paramount Group were worth $440,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PGRE. Northern Trust Corp lifted its stake in Paramount Group by 40.1% in the fourth quarter. Northern Trust Corp now owns 2,891,068 shares of the financial services provider's stock valued at $14,282,000 after acquiring an additional 827,187 shares during the last quarter. Vanguard Group Inc. raised its stake in Paramount Group by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 26,922,796 shares of the financial services provider's stock valued at $132,999,000 after buying an additional 477,940 shares during the period. Barclays PLC raised its stake 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 buying an additional 222,656 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Paramount Group by 11.2% in 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 during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Paramount Group by 206.3% during the 4th quarter. SG Americas Securities LLC now owns 84,790 shares of the financial services provider's stock worth $419,000 after acquiring an additional 57,105 shares during the period. Institutional investors and hedge funds own 65.64% of the company's stock.

Analysts Set New Price Targets

PGRE has been the subject of several research reports. Wall Street Zen downgraded Paramount Group from a "hold" rating to a "sell" rating in a report on Wednesday, April 23rd. Morgan Stanley reiterated an "underweight" rating and issued a $3.25 price target on shares of Paramount Group in a research note on Tuesday, April 15th. Wells Fargo & Company cut their price objective on shares of Paramount Group from $5.00 to $4.50 and set an "underweight" rating for the company in a research report on Monday, May 19th. Evercore ISI raised Paramount Group from an "in-line" rating to an "outperform" rating and upped their target price for the company from $4.50 to $8.00 in a research report on Tuesday, May 20th. Finally, Mizuho lowered their target price on Paramount Group from $6.00 to $5.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. Three research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Paramount Group currently has an average rating of "Hold" and an average price target of $5.19.

Paramount Group Stock Performance

Shares of PGRE stock traded up $0.02 on Wednesday, hitting $6.19. The company's stock had a trading volume of 1,491,817 shares, compared to its average volume of 1,407,600. Paramount Group, Inc. has a fifty-two week low of $3.75 and a fifty-two week high of $6.34. The company has a market capitalization of $1.36 billion, a PE ratio of -6.32 and a beta of 1.12. The stock's 50 day moving average is $4.72 and its 200-day moving average is $4.67. The company has a debt-to-equity ratio of 0.91, a quick ratio of 4.45 and a current ratio of 4.45.

Paramount Group (NYSE:PGRE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.17. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. The firm had revenue of $187.02 million during the quarter, compared to the consensus estimate of $180.79 million. Equities research analysts expect that Paramount Group, Inc. will post 0.78 earnings per share for the current fiscal year.

Insider Transactions at Paramount Group

In other news, CEO Albert P. Behler purchased 10,000 shares of the business's stock in a transaction dated Friday, March 21st. The stock was bought at an average price of $4.15 per share, with a total value of $41,500.00. Following the acquisition, the chief executive officer now owns 751,812 shares in the company, valued at approximately $3,120,019.80. The trade was a 1.35% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 13.80% of the stock is currently owned by insiders.

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.