Paramount Group, Inc. (NYSE:PGRE) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its holdings in shares of Paramount Group, Inc. (NYSE:PGRE) by 77.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,630 shares of the financial services provider’s stock after selling 61,271 shares during the period. Sei Investments Co.’s holdings in Paramount Group were worth $87,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC increased its stake in Paramount Group by 42.5% in the 3rd quarter. FMR LLC now owns 22,695 shares of the financial services provider’s stock valued at $112,000 after buying an additional 6,768 shares during the period. Quantinno Capital Management LP purchased a new stake in shares of Paramount Group in the third quarter valued at about $64,000. Jane Street Group LLC boosted its holdings in shares of Paramount Group by 94.8% in the third quarter. Jane Street Group LLC now owns 350,559 shares of the financial services provider’s stock valued at $1,725,000 after acquiring an additional 170,639 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Paramount Group by 13.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 236,200 shares of the financial services provider’s stock worth $1,162,000 after acquiring an additional 28,900 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in 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 worth $1,337,000 after purchasing an additional 26,878 shares in the last quarter. Hedge funds and other institutional investors own 65.64% of the company’s stock.

Analyst Ratings Changes

PGRE has been the topic of several recent analyst reports. Morgan Stanley dropped their target price on Paramount Group from $4.25 to $4.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. Mizuho decreased their price target on Paramount Group from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th.

Insider Buying and Selling at Paramount Group

In related news, CEO Albert P. Behler acquired 10,000 shares of the business’s stock in a transaction on Friday, March 21st. The shares were bought at an average cost of $4.15 per share, with a total value of $41,500.00. Following the completion of the transaction, the chief executive officer now directly owns 751,812 shares of the company’s stock, valued at $3,120,019.80. This trade represents a 1.35 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.50% of the stock is owned by company insiders.

Paramount Group Trading Up 2.4 %

Shares of Paramount Group stock opened at $4.13 on Friday. The business has a 50 day moving average price of $4.35 and a 200 day moving average price of $4.70. The company has a market capitalization of $904.30 million, a P/E ratio of -4.21 and a beta of 1.10. 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 1 year low of $3.75 and a 1 year high of $5.47.

Paramount Group (NYSE:PGRE) last announced its earnings results on Thursday, February 27th. The financial services provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. The firm had revenue of $186.27 million during the quarter, compared to the consensus estimate of $180.41 million. Sell-side analysts anticipate that Paramount Group, Inc. will post 0.78 EPS for the current fiscal year.

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.