Paramount Group, Inc. (NYSE:PGRE) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its holdings in Paramount Group, Inc. (NYSE:PGREFree Report) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,156 shares of the financial services provider’s stock after purchasing an additional 4,197 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Paramount Group were worth $459,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd boosted its holdings in shares of Paramount Group by 202.6% during the fourth quarter. Quadrature Capital Ltd now owns 71,073 shares of the financial services provider’s stock valued at $367,000 after acquiring an additional 47,586 shares during the period. Ballentine Partners LLC boosted its holdings in shares of Paramount Group by 17.7% during the first quarter. Ballentine Partners LLC now owns 25,217 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 3,789 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Paramount Group by 17.7% during the first quarter. BNP Paribas Financial Markets now owns 111,072 shares of the financial services provider’s stock valued at $521,000 after acquiring an additional 16,717 shares during the period. Manchester Capital Management LLC boosted its holdings in shares of Paramount Group by 139.1% during the first quarter. Manchester Capital Management LLC now owns 12,137 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 7,061 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in shares of Paramount Group by 8.5% during the first quarter. ProShare Advisors LLC now owns 33,259 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 2,617 shares during the period. Institutional investors and hedge funds own 65.64% of the company’s stock.

Paramount Group Price Performance

Shares of NYSE PGRE opened at $5.21 on Thursday. Paramount Group, Inc. has a fifty-two week low of $4.06 and a fifty-two week high of $5.92. The firm’s 50-day simple moving average is $4.93 and its 200 day simple moving average is $4.81. The company has a quick ratio of 4.39, a current ratio of 4.39 and a debt-to-equity ratio of 0.91. The stock has a market cap of $1.13 billion, a P/E ratio of -4.49 and a beta of 1.25.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company boosted their price target on shares of Paramount Group from $3.50 to $4.00 and gave the company an “underweight” rating in a report on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Paramount Group presently has a consensus rating of “Hold” and an average target price of $4.70.

View Our Latest Research Report on PGRE

About Paramount Group

(Free Report)

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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Institutional Ownership by Quarter for Paramount Group (NYSE:PGRE)

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