Jane Street Group LLC Buys 170,639 Shares of Paramount Group, Inc. (NYSE:PGRE)

Jane Street Group LLC raised its position in shares of Paramount Group, Inc. (NYSE:PGRE) by 94.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 350,559 shares of the financial services provider’s stock after acquiring an additional 170,639 shares during the period. Jane Street Group LLC owned approximately 0.16% of Paramount Group worth $1,725,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PGRE. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Paramount Group by 226.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,140 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 4,950 shares during the last quarter. Point72 DIFC Ltd bought a new position in Paramount Group during the 3rd quarter worth $37,000. Quantinno Capital Management LP acquired a new stake in shares of Paramount Group during the third quarter worth $64,000. Ground Swell Capital LLC bought a new stake in shares of Paramount Group in the third quarter valued at about $67,000. Finally, Marshall Wace LLP acquired a new position in shares of Paramount Group in the second quarter valued at about $74,000. Institutional investors and hedge funds own 65.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lifted their price objective on shares of Paramount Group from $3.50 to $4.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 11th.

Paramount Group Price Performance

Shares of NYSE PGRE opened at $4.85 on Thursday. The business has a fifty day moving average price of $4.95 and a two-hundred day moving average price of $4.91. The stock has a market capitalization of $1.05 billion, a PE ratio of -4.95 and a beta of 1.24. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.45 and a quick ratio of 4.45. Paramount Group, Inc. has a fifty-two week low of $4.21 and a fifty-two week high of $5.47.

About Paramount Group

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.