Dimensional Fund Advisors LP Purchases 88,618 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Dimensional Fund Advisors LP grew its position in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,374,705 shares of the company's stock after purchasing an additional 88,618 shares during the quarter. Dimensional Fund Advisors LP owned 3.73% of Newmark Group worth $81,660,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Newmark Group by 1,017.4% in the 3rd quarter. Principal Financial Group Inc. now owns 2,137,630 shares of the company's stock worth $33,197,000 after purchasing an additional 1,946,322 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Newmark Group by 103.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,948,511 shares of the company's stock valued at $37,770,000 after buying an additional 1,502,372 shares during the period. Wells Fargo & Company MN grew its stake in shares of Newmark Group by 851.7% in the 4th quarter. Wells Fargo & Company MN now owns 848,475 shares of the company's stock valued at $10,869,000 after purchasing an additional 759,324 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Newmark Group in the 4th quarter worth about $4,785,000. Finally, Norges Bank bought a new position in shares of Newmark Group in the fourth quarter valued at approximately $3,307,000. 58.42% of the stock is currently owned by institutional investors.

Newmark Group Price Performance

Shares of NMRK stock traded up $0.34 during trading on Friday, hitting $11.13. The company had a trading volume of 1,100,946 shares, compared to its average volume of 1,150,837. The firm has a market capitalization of $2.01 billion, a P/E ratio of 31.80 and a beta of 1.69. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42. The stock's 50-day moving average price is $11.92 and its 200 day moving average price is $13.44. Newmark Group, Inc. has a one year low of $9.64 and a one year high of $16.10.

Newmark Group (NASDAQ:NMRK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. The business had revenue of $665.49 million during the quarter, compared to analysts' expectations of $609.28 million. Newmark Group had a net margin of 2.22% and a return on equity of 20.74%. Newmark Group's revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 earnings per share. Equities analysts expect that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.03 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.12 dividend on an annualized basis and a yield of 1.08%. Newmark Group's dividend payout ratio is currently 34.29%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group dropped their price target on Newmark Group from $19.50 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Keefe, Bruyette & Woods dropped their price target on Newmark Group from $14.50 to $14.00 and set an "outperform" rating on the stock in a research note on Friday.

Newmark Group Profile

Newmark Group, Inc provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners.