Daiwa Securities Group Inc. Has $409,000 Position in Paramount Group Inc (PGRE)

Daiwa Securities Group Inc. boosted its holdings in Paramount Group Inc (NYSE:PGRE) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,600 shares of the financial services provider’s stock after acquiring an additional 1,300 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Paramount Group were worth $409,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Man Group plc increased its position in shares of Paramount Group by 990.3% during the 3rd quarter. Man Group plc now owns 3,871,624 shares of the financial services provider’s stock valued at $58,423,000 after purchasing an additional 3,516,524 shares during the period. BlackRock Inc. increased its position in shares of Paramount Group by 8.2% during the 3rd quarter. BlackRock Inc. now owns 16,614,899 shares of the financial services provider’s stock valued at $250,719,000 after purchasing an additional 1,265,610 shares during the period. Renaissance Technologies LLC increased its position in shares of Paramount Group by 308.4% during the 3rd quarter. Renaissance Technologies LLC now owns 1,579,600 shares of the financial services provider’s stock valued at $23,836,000 after purchasing an additional 1,192,800 shares during the period. Vanguard Group Inc increased its position in shares of Paramount Group by 3.9% during the 3rd quarter. Vanguard Group Inc now owns 30,802,997 shares of the financial services provider’s stock valued at $464,817,000 after purchasing an additional 1,144,629 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Paramount Group by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 30,802,997 shares of the financial services provider’s stock valued at $464,817,000 after purchasing an additional 1,144,629 shares during the period. Hedge funds and other institutional investors own 63.09% of the company’s stock.

Get Paramount Group alerts:

Several equities analysts have recently issued reports on PGRE shares. Zacks Investment Research cut Paramount Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 31st. ValuEngine upgraded Paramount Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.38.

PGRE opened at $14.73 on Wednesday. The firm has a market cap of $3.41 billion, a PE ratio of 15.34, a P/E/G ratio of 4.19 and a beta of 0.88. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.28 and a quick ratio of 3.28. Paramount Group Inc has a fifty-two week low of $12.18 and a fifty-two week high of $16.05.

Paramount Group (NYSE:PGRE) last released its quarterly earnings data on Wednesday, February 13th. The financial services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.21). The company had revenue of $190.68 million for the quarter, compared to the consensus estimate of $186.53 million. Paramount Group had a return on equity of 0.18% and a net margin of 1.21%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 earnings per share. Equities research analysts forecast that Paramount Group Inc will post 0.98 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Daiwa Securities Group Inc. Has $409,000 Position in Paramount Group Inc (PGRE)” was originally published by Ticker Report and is owned by of Ticker Report. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/4165762/daiwa-securities-group-inc-has-409000-position-in-paramount-group-inc-pgre.html.

Paramount Group Profile

Headquartered in New York City, Paramount Group, Inc 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 City, Washington, DC and San Francisco.

Featured Story: The components of the Stochastic Momentum Index

Want to see what other hedge funds are holding PGRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paramount Group Inc (NYSE:PGRE).