JPMorgan Chase & Co. Has $13.23 Million Holdings in Paramount Group, Inc. (NYSE:PGRE)

JPMorgan Chase & Co. increased its stake in shares of Paramount Group, Inc. (NYSE:PGRE - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,678,713 shares of the financial services provider's stock after buying an additional 160,884 shares during the quarter. JPMorgan Chase & Co. owned about 1.23% of Paramount Group worth $13,233,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC raised its position in Paramount Group by 167.2% in the fourth quarter. EntryPoint Capital LLC now owns 67,773 shares of the financial services provider's stock worth $335,000 after acquiring an additional 42,410 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Paramount Group by 21.9% during the fourth quarter. Prudential Financial Inc. now owns 1,484,866 shares of the financial services provider's stock worth $7,335,000 after buying an additional 266,300 shares in the last quarter. Vanguard Group Inc. grew its position in Paramount Group by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 26,922,796 shares of the financial services provider's stock worth $132,999,000 after buying an additional 477,940 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Paramount Group in the fourth quarter valued at about $201,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Paramount Group during the 4th quarter valued at approximately $110,000. Institutional investors and hedge funds own 65.64% of the company's stock.

Insider Buying and Selling at Paramount Group

In other Paramount Group news, CEO Albert P. Behler acquired 10,000 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average price of $4.15 per share, for a total transaction of $41,500.00. Following the completion of the purchase, the chief executive officer now directly owns 751,812 shares in the company, valued at $3,120,019.80. The trade was a 1.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 13.80% of the stock is currently owned by insiders.

Paramount Group Trading Up 1.6 %

Shares of NYSE:PGRE traded up $0.07 during trading on Thursday, reaching $4.24. 2,650,451 shares of the stock were exchanged, compared to its average volume of 1,144,502. Paramount Group, Inc. has a 12-month low of $3.75 and a 12-month high of $5.47. The firm's 50-day moving average price is $4.31 and its 200 day moving average price is $4.68. The company has a debt-to-equity ratio of 0.91, a quick ratio of 4.45 and a current ratio of 4.45. The firm has a market cap of $928.42 million, a price-to-earnings ratio of -4.33 and a beta of 1.10.

Paramount Group (NYSE:PGRE - Get Free Report) last posted its earnings results on Thursday, February 27th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The business had revenue of $186.27 million during the quarter, compared to analyst estimates of $180.41 million. Paramount Group had a negative return on equity of 5.26% and a negative net margin of 27.92%. On average, sell-side analysts anticipate that Paramount Group, Inc. will post 0.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PGRE shares. Mizuho lowered their price target on Paramount Group from $6.00 to $5.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. Morgan Stanley restated an "underweight" rating and issued a $3.25 price target on shares of Paramount Group in a research report on Tuesday.

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.