Swedbank AB Buys 32,716 Shares of Paramount Group, Inc. (NYSE:PGRE)

Swedbank AB boosted its stake in Paramount Group, Inc. (NYSE:PGRE) by 23.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 175,182 shares of the financial services provider’s stock after acquiring an additional 32,716 shares during the quarter. Swedbank AB’s holdings in Paramount Group were worth $865,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PGRE. Geode Capital Management LLC lifted its stake in shares of Paramount Group by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,695,561 shares of the financial services provider’s stock valued at $23,107,000 after acquiring an additional 345,450 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Paramount Group by 21.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,517,829 shares of the financial services provider’s stock worth $12,388,000 after purchasing an additional 443,777 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Paramount Group by 0.7% in 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Paramount Group by 398.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,388,257 shares of the financial services provider’s stock valued at $6,830,000 after purchasing an additional 1,109,485 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Paramount Group by 4,007.2% during the second quarter. Millennium Management LLC now owns 953,947 shares of the financial services provider’s stock worth $4,417,000 after purchasing an additional 930,721 shares during the last quarter. Institutional investors and hedge funds own 65.64% of the company’s stock.

Paramount Group Stock Up 0.7 %

Shares of NYSE PGRE opened at $4.90 on Monday. The company has a 50 day simple moving average of $4.79 and a 200 day simple moving average of $4.92. 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 $4.21 and a 1 year high of $5.47. The firm has a market cap of $1.06 billion, a PE ratio of -4.99 and a beta of 1.22.

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.