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

JPMorgan Chase & Co. raised its holdings in Paramount Group, Inc. (NYSE:PGRE) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,678,713 shares of the financial services provider’s stock after purchasing an additional 160,884 shares during the quarter. JPMorgan Chase & Co. owned 1.23% of Paramount Group worth $13,233,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PGRE. Greenleaf Trust acquired a new stake in Paramount Group in the fourth quarter valued at about $63,000. Quantinno Capital Management LP acquired a new stake in shares of Paramount Group in the 3rd quarter valued at approximately $64,000. US Bancorp DE grew its holdings in shares of Paramount Group by 33.9% during the 4th quarter. US Bancorp DE now owns 14,656 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 3,708 shares during the last quarter. Inspire Investing LLC acquired a new position in Paramount Group during the 4th quarter worth approximately $76,000. Finally, Cibc World Markets Corp bought a new position in Paramount Group in the 4th quarter valued at approximately $85,000. Institutional investors own 65.64% of the company’s stock.

Analyst Upgrades and Downgrades

PGRE has been the subject of several research analyst reports. Mizuho lowered their price target 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. Morgan Stanley dropped their target price on Paramount Group from $4.25 to $4.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 18th.

Insider Transactions at Paramount Group

In other Paramount Group news, CEO Albert P. Behler bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average price of $4.15 per share, with a total value of $41,500.00. Following the completion of the purchase, the chief executive officer now directly 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 purchase was disclosed in a legal filing with the SEC, which is available at this link. 13.50% of the stock is currently owned by corporate insiders.

Paramount Group Stock Up 2.4 %

Shares of NYSE:PGRE opened at $4.13 on Friday. The firm has a market cap of $904.30 million, a P/E ratio of -4.21 and a beta of 1.10. Paramount Group, Inc. has a 12-month low of $3.75 and a 12-month high of $5.47. The business has a fifty day simple moving average of $4.35 and a 200 day simple moving average of $4.70. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91.

Paramount Group (NYSE:PGRE) last issued its quarterly earnings data on Thursday, February 27th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $186.27 million during the quarter, compared to the consensus estimate of $180.41 million. Paramount Group had a negative return on equity of 5.26% and a negative net margin of 27.92%. Analysts predict that Paramount Group, Inc. will post 0.78 earnings per share for the current year.

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.