Connor Clark & Lunn Investment Management Ltd. Has $3.15 Million Stock Holdings in Paramount Group, Inc. (NYSE:PGRE)

Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Paramount Group, Inc. (NYSE:PGRE) by 78.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 637,384 shares of the financial services provider’s stock after purchasing an additional 280,559 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.29% of Paramount Group worth $3,149,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in Paramount Group by 21.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,517,829 shares of the financial services provider’s stock worth $12,388,000 after buying an additional 443,777 shares during the period. Geode Capital Management LLC raised its position in shares of Paramount Group by 7.9% during the third quarter. Geode Capital Management LLC now owns 4,695,561 shares of the financial services provider’s stock worth $23,107,000 after purchasing an additional 345,450 shares during the period. Franklin Resources Inc. bought a new position in shares of Paramount Group in the 3rd quarter worth $643,000. Barclays PLC increased its stake in Paramount Group by 95.5% during the 3rd quarter. Barclays PLC now owns 455,700 shares of the financial services provider’s stock valued at $2,242,000 after purchasing an additional 222,656 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Paramount Group by 398.0% during the 3rd 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. Institutional investors own 65.64% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Mizuho reduced their price objective on shares of Paramount Group from $6.00 to $5.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Paramount Group has an average rating of “Hold” and a consensus price target of $4.63.

Paramount Group Trading Up 3.1 %

Shares of Paramount Group stock opened at $4.12 on Tuesday. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.91. The stock has a fifty day simple moving average of $4.57 and a 200 day simple moving average of $4.82. Paramount Group, Inc. has a 12-month low of $3.96 and a 12-month high of $5.47. The company has a market capitalization of $895.13 million, a P/E ratio of -4.20 and a beta of 1.22.

Paramount Group (NYSE:PGRE) last posted its earnings results on Thursday, February 27th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. The firm had revenue of $186.27 million during the quarter, compared to analyst estimates of $180.41 million. On average, sell-side analysts anticipate that Paramount Group, Inc. will post 0.78 earnings per share for the current fiscal year.

Paramount Group Company 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.