DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Boosts Holdings in Newmark Group, Inc. (NASDAQ:NMRK)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 1,104.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,228 shares of the company's stock after buying an additional 157,933 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.10% of Newmark Group worth $2,206,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Sterling Capital Management LLC lifted its position in Newmark Group by 813.9% during the 4th quarter. Sterling Capital Management LLC now owns 4,149 shares of the company's stock worth $53,000 after acquiring an additional 3,695 shares during the period. Assetmark Inc. boosted its position in Newmark Group by 43.5% in the fourth quarter. Assetmark Inc. now owns 8,585 shares of the company's stock valued at $110,000 after buying an additional 2,602 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Newmark Group by 48.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,378 shares of the company's stock worth $120,000 after buying an additional 3,070 shares during the period. Optimize Financial Inc purchased a new position in Newmark Group during the 4th quarter worth approximately $132,000. Finally, Highland Capital Management LLC purchased a new position in Newmark Group during the 4th quarter worth approximately $135,000. 58.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on NMRK. The Goldman Sachs Group decreased their price objective on shares of Newmark Group from $19.50 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Keefe, Bruyette & Woods decreased their price objective on shares of Newmark Group from $14.50 to $14.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Piper Sandler decreased their price objective on shares of Newmark Group from $19.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, May 5th.

Newmark Group Stock Performance

NASDAQ NMRK traded down $0.03 during mid-day trading on Friday, reaching $11.61. 225,477 shares of the stock were exchanged, compared to its average volume of 1,041,767. The business's 50 day moving average is $11.43 and its 200-day moving average is $13.20. Newmark Group, Inc. has a 1 year low of $9.64 and a 1 year high of $16.10. The company has a market capitalization of $2.09 billion, a P/E ratio of 33.16 and a beta of 1.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42.

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

Newmark Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Wednesday, May 14th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Wednesday, May 14th. Newmark Group's dividend payout ratio (DPR) is presently 30.77%.

About Newmark Group

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.