American Century Companies Inc. Sells 69,787 Shares of Paramount Group, Inc. (NYSE:PGRE)

American Century Companies Inc. reduced its stake in Paramount Group, Inc. (NYSE:PGRE - Free Report) by 81.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,443 shares of the financial services provider's stock after selling 69,787 shares during the period. American Century Companies Inc.'s holdings in Paramount Group were worth $76,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of Paramount Group in the 4th quarter worth approximately $110,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Paramount Group by 84.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 59,664 shares of the financial services provider's stock worth $295,000 after buying an additional 27,256 shares during the last quarter. Xponance Inc. increased its holdings in shares of Paramount Group by 54.8% in the fourth quarter. Xponance Inc. now owns 18,519 shares of the financial services provider's stock valued at $91,000 after buying an additional 6,554 shares in the last quarter. Cibc World Markets Corp acquired a new stake in shares of Paramount Group during the 4th quarter valued at $85,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Paramount Group by 78.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 637,384 shares of the financial services provider's stock worth $3,149,000 after acquiring an additional 280,559 shares in the last quarter. 65.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Paramount Group Stock Up 2.5 %

Shares of Paramount Group stock traded up $0.11 during midday trading on Friday, hitting $4.28. The company's stock had a trading volume of 7,038,413 shares, compared to its average volume of 1,161,871. The firm has a market capitalization of $937.19 million, a P/E ratio of -4.36 and a beta of 1.10. 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. The stock has a 50-day simple moving average of $4.29 and a 200-day simple moving average of $4.67.

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, topping the consensus estimate of $0.17 by $0.02. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. The business had revenue of $186.27 million during the quarter, compared to analysts' expectations of $180.41 million. As a group, sell-side analysts expect that Paramount Group, Inc. will post 0.78 earnings per share for the current year.

Insider Buying and Selling

In other Paramount Group news, CEO Albert P. Behler acquired 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was purchased at an average cost of $4.15 per share, for a total transaction of $41,500.00. Following the completion of the acquisition, the chief executive officer now owns 751,812 shares of the company's stock, valued at approximately $3,120,019.80. This trade represents a 1.35 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.80% of the stock is currently owned by corporate 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.