Ballentine Partners LLC Increases Holdings in Paramount Group, Inc. (NYSE:PGRE)

Ballentine Partners LLC boosted its position in Paramount Group, Inc. (NYSE:PGRE) by 42.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,018 shares of the financial services provider’s stock after buying an additional 10,801 shares during the period. Ballentine Partners LLC’s holdings in Paramount Group were worth $167,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in PGRE. Van ECK Associates Corp lifted its holdings in Paramount Group by 7.0% in the second 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. ProShare Advisors LLC boosted its stake in shares of Paramount Group by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 33,259 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 2,617 shares in the last quarter. Arizona State Retirement System grew its position in shares of Paramount Group by 8.6% during the 2nd quarter. Arizona State Retirement System now owns 48,673 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 3,873 shares during the period. Manchester Capital Management LLC increased its stake in shares of Paramount Group by 785.9% in the 4th quarter. Manchester Capital Management LLC now owns 5,076 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 4,503 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in Paramount Group by 9.1% in the 4th quarter. New York State Common Retirement Fund now owns 77,454 shares of the financial services provider’s stock worth $400,000 after purchasing an additional 6,444 shares during the period. 65.64% of the stock is owned by hedge funds and other institutional investors.

Paramount Group Stock Performance

Shares of NYSE:PGRE opened at $4.94 on Friday. 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 firm has a market capitalization of $1.07 billion, a PE ratio of -4.26, a P/E/G ratio of 0.24 and a beta of 1.25. The business’s 50 day moving average price is $4.95 and its 200-day moving average price is $4.73.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company boosted their price objective on Paramount Group from $3.50 to $4.00 and gave the company an “underweight” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average 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.