Barings LLC lowered its holdings in Paramount Group Inc (NYSE:PGRE) by 1.9% during the fourth quarter, Holdings Channel reports. The fund owned 1,326,670 shares of the financial services provider’s stock after selling 26,130 shares during the period. Barings LLC’s holdings in Paramount Group were worth $21,028,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of PGRE. Northern Trust Corp lifted its holdings in Paramount Group by 31.3% in the second quarter. Northern Trust Corp now owns 1,894,274 shares of the financial services provider’s stock worth $30,309,000 after acquiring an additional 451,599 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Paramount Group by 28,976.5% in the third quarter. Asset Management One Co. Ltd. now owns 431,204 shares of the financial services provider’s stock valued at $6,868,000 after purchasing an additional 429,721 shares during the period. Long Pond Capital LP increased its stake in shares of Paramount Group by 2.9% in the third quarter. Long Pond Capital LP now owns 14,606,205 shares of the financial services provider’s stock valued at $233,699,000 after purchasing an additional 406,833 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Paramount Group by 15.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 2,176,239 shares of the financial services provider’s stock valued at $34,820,000 after purchasing an additional 287,309 shares during the period. Finally, Duff & Phelps Investment Management Co. increased its stake in shares of Paramount Group by 8.7% in the third quarter. Duff & Phelps Investment Management Co. now owns 3,390,902 shares of the financial services provider’s stock valued at $54,254,000 after purchasing an additional 271,900 shares during the period. 60.91% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have commented on the stock. TheStreet lowered shares of Paramount Group from a “c” rating to a “d+” rating in a research note on Thursday, November 16th. Zacks Investment Research lowered shares of Paramount Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Finally, Goldman Sachs Group upgraded shares of Paramount Group from a “sell” rating to a “neutral” rating and set a $16.00 price target on the stock in a research note on Tuesday, February 6th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Paramount Group presently has a consensus rating of “Hold” and a consensus target price of $16.60.

Shares of Paramount Group Inc (NYSE:PGRE) opened at $14.20 on Wednesday. Paramount Group Inc has a 12 month low of $13.70 and a 12 month high of $17.58. The company has a market cap of $3,411.45, a P/E ratio of 38.38, a price-to-earnings-growth ratio of 3.05 and a beta of 0.67.

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About Paramount Group

Paramount Group, Inc is a fully-integrated real estate investment trust (REIT) focused on owning, operating, managing, acquiring and redeveloping Class A office properties in select central business district submarkets of New York City, Washington, District of Columbia (DC) and San Francisco. The Company conducts its business through, and substantially all its interests in properties and investments are held by, Paramount Group Operating Partnership LP (the Operating Partnership).

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Institutional Ownership by Quarter for Paramount Group (NYSE:PGRE)

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