Vanguard Personalized Indexing Management LLC Has $65,000 Stake in Paramount Group, Inc. (NYSE:PGRE)

Vanguard Personalized Indexing Management LLC cut its stake in Paramount Group, Inc. (NYSE:PGRE) by 16.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,105 shares of the financial services provider’s stock after selling 2,773 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Paramount Group were worth $65,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in Paramount Group by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,310,207 shares of the financial services provider’s stock valued at $10,696,000 after acquiring an additional 15,806 shares during the period. Ballentine Partners LLC boosted its holdings in shares of Paramount Group by 42.8% in the second quarter. Ballentine Partners LLC now owns 36,018 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 10,801 shares during the period. Arizona State Retirement System lifted its holdings in shares of Paramount Group by 8.6% during the 2nd quarter. Arizona State Retirement System now owns 48,673 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 3,873 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Paramount Group by 7.0% during the 2nd quarter. Van ECK Associates Corp now owns 33,719 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 2,202 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Paramount Group by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,043,027 shares of the financial services provider’s stock worth $4,829,000 after purchasing an additional 63,789 shares during the period. 65.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Paramount Group Stock Down 0.6 %

Shares of NYSE PGRE opened at $4.89 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.39 and a quick ratio of 4.39. The company has a market capitalization of $1.06 billion, a PE ratio of -4.22, a price-to-earnings-growth ratio of 0.25 and a beta of 1.25. The firm’s 50-day moving average is $4.95 and its two-hundred day moving average is $4.78. Paramount Group, Inc. has a 12-month low of $4.06 and a 12-month high of $5.92.

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.