Marshall Wace LLP Purchases Shares of 15,900 Paramount Group, Inc. (NYSE:PGRE)

Marshall Wace LLP bought a new position in Paramount Group, Inc. (NYSE:PGRE) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 15,900 shares of the financial services provider’s stock, valued at approximately $74,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of Montreal Can boosted its holdings in shares of Paramount Group by 2.5% in the second quarter. Bank of Montreal Can now owns 116,636 shares of the financial services provider’s stock worth $540,000 after buying an additional 2,811 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Paramount Group by 49.7% during the second quarter. Hsbc Holdings PLC now owns 298,932 shares of the financial services provider’s stock valued at $1,372,000 after purchasing an additional 99,220 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Paramount Group by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,310,207 shares of the financial services provider’s stock valued at $10,696,000 after purchasing an additional 15,806 shares in the last quarter. Ballentine Partners LLC lifted 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 worth $167,000 after buying an additional 10,801 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Paramount Group by 8.6% in the second quarter. Arizona State Retirement System now owns 48,673 shares of the financial services provider’s stock worth $225,000 after buying an additional 3,873 shares in the last quarter. 65.64% of the stock is owned by hedge funds and other institutional investors.

Paramount Group Stock Up 1.2 %

Shares of NYSE PGRE opened at $5.00 on Monday. The firm has a 50-day simple moving average of $4.90 and a two-hundred day simple moving average of $4.80. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.39 and a quick ratio of 4.39. Paramount Group, Inc. has a 1 year low of $4.06 and a 1 year high of $5.92. The company has a market cap of $1.09 billion, a P/E ratio of -4.31 and a beta of 1.25.

Analyst Upgrades and Downgrades

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

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.