BNP Paribas Financial Markets Has $440,000 Stock Position in Paramount Group, Inc. (NYSE:PGRE)

BNP Paribas Financial Markets lessened its holdings in Paramount Group, Inc. (NYSE:PGRE) by 34.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 89,434 shares of the financial services provider’s stock after selling 46,911 shares during the quarter. BNP Paribas Financial Markets’ holdings in Paramount Group were worth $440,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. 1620 Investment Advisors Inc. bought a new position in Paramount Group in the second quarter valued at about $52,000. Ground Swell Capital LLC acquired a new stake in shares of Paramount Group in the 3rd quarter valued at approximately $67,000. Marshall Wace LLP acquired a new stake in shares of Paramount Group in the 2nd quarter valued at approximately $74,000. Metis Global Partners LLC grew its holdings in shares of Paramount Group by 38.8% during the 3rd quarter. Metis Global Partners LLC now owns 18,020 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 5,039 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in Paramount Group during the 3rd quarter worth approximately $106,000. Institutional investors own 65.64% of the company’s stock.

Paramount Group Stock Performance

Paramount Group stock opened at $4.90 on Friday. The business has a 50 day moving average of $4.97 and a 200-day moving average of $4.90. Paramount Group, Inc. has a 1 year low of $4.21 and a 1 year high of $5.92. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.45 and a quick ratio of 4.45. The company has a market capitalization of $1.07 billion, a P/E ratio of -5.00 and a beta of 1.23.

Wall Street Analyst Weigh In

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

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.