Paramount Group, Inc. (NYSE:PGRE) Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in Paramount Group, Inc. (NYSE:PGRE) by 21.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,517,829 shares of the financial services provider’s stock after acquiring an additional 443,777 shares during the quarter. JPMorgan Chase & Co. owned about 1.16% of Paramount Group worth $12,388,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Franklin Resources Inc. acquired a new stake in shares of Paramount Group during the 3rd quarter valued at $643,000. Geode Capital Management LLC raised its position in shares of Paramount Group by 7.9% during the third quarter. Geode Capital Management LLC now owns 4,695,561 shares of the financial services provider’s stock worth $23,107,000 after purchasing an additional 345,450 shares during the period. Barclays PLC raised its position in shares of Paramount Group by 95.5% during the third quarter. Barclays PLC now owns 455,700 shares of the financial services provider’s stock worth $2,242,000 after purchasing an additional 222,656 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Paramount Group by 11.0% during the third quarter. Public Employees Retirement System of Ohio now owns 271,692 shares of the financial services provider’s stock valued at $1,337,000 after purchasing an additional 26,878 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Paramount Group by 13.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 236,200 shares of the financial services provider’s stock valued at $1,162,000 after purchasing an additional 28,900 shares during the period. 65.64% of the stock is owned by institutional investors and hedge funds.

Paramount Group Trading Down 5.9 %

Shares of PGRE opened at $4.61 on Friday. The business’s 50-day moving average price is $4.89 and its 200 day moving average price is $4.94. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $1.00 billion, a P/E ratio of -4.70 and a beta of 1.22. Paramount Group, Inc. has a 1-year low of $4.21 and a 1-year 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.