Swedbank AB Grows Stock Position in Paramount Group, Inc. (NYSE:PGRE)

Swedbank AB grew its holdings in shares of Paramount Group, Inc. (NYSE:PGRE) by 25.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,466 shares of the financial services provider’s stock after purchasing an additional 28,650 shares during the quarter. Swedbank AB owned approximately 0.07% of Paramount Group worth $701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in PGRE. Price T Rowe Associates Inc. MD grew its stake in shares of Paramount Group by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 129,471 shares of the financial services provider’s stock valued at $608,000 after acquiring an additional 6,583 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of Paramount Group by 23.1% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 160,000 shares of the financial services provider’s stock valued at $745,000 after acquiring an additional 30,000 shares during the period. 1620 Investment Advisors Inc. bought a new position in shares of Paramount Group during the 2nd quarter valued at approximately $52,000. Bank of New York Mellon Corp grew its stake in shares of Paramount Group by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,043,027 shares of the financial services provider’s stock valued at $4,829,000 after acquiring an additional 63,789 shares during the period. Finally, Van ECK Associates Corp grew its stake in shares of Paramount Group by 7.0% during the 2nd quarter. Van ECK Associates Corp now owns 33,719 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 2,202 shares during the period. 65.64% of the stock is currently owned by institutional investors.

Paramount Group Stock Up 0.3 %

NYSE:PGRE opened at $4.90 on Thursday. Paramount Group, Inc. has a twelve month low of $4.21 and a twelve month high of $5.92. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -4.99 and a beta of 1.25. The stock has a fifty day simple moving average of $5.00 and a 200-day simple moving average of $4.88. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.91.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company upped their price target on 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 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.