BNP Paribas Financial Markets Sells 46,045 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

BNP Paribas Financial Markets reduced its stake in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 73.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,731 shares of the company's stock after selling 46,045 shares during the period. BNP Paribas Financial Markets' holdings in Newmark Group were worth $214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Newmark Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 21,114,662 shares of the company's stock worth $270,479,000 after acquiring an additional 83,094 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Newmark Group by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,374,705 shares of the company's stock worth $81,660,000 after purchasing an additional 88,618 shares during the period. Principal Financial Group Inc. grew its stake in Newmark Group by 44.9% in the fourth quarter. Principal Financial Group Inc. now owns 3,098,429 shares of the company's stock worth $39,691,000 after purchasing an additional 960,799 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Newmark Group by 103.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,948,511 shares of the company's stock worth $37,770,000 after purchasing an additional 1,502,372 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Newmark Group by 5.1% during the fourth quarter. American Century Companies Inc. now owns 1,541,854 shares of the company's stock valued at $19,751,000 after buying an additional 75,502 shares during the period. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NMRK. Piper Sandler decreased their price target 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. Keefe, Bruyette & Woods cut their price objective on shares of Newmark Group from $14.50 to $14.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Wolfe Research raised shares of Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 target price for the company in a research note on Friday, May 23rd. Finally, The Goldman Sachs Group cut their price target on Newmark Group from $19.50 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th.

Newmark Group Stock Down 0.3%

Shares of NMRK traded down $0.03 during trading hours on Friday, hitting $11.01. The company had a trading volume of 1,441,124 shares, compared to its average volume of 1,147,993. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 31.46 and a beta of 1.99. The firm has a fifty day moving average price of $11.08 and a 200-day moving average price of $12.86. Newmark Group, Inc. has a 52-week low of $9.64 and a 52-week high of $16.10. 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 released its quarterly earnings data on Wednesday, April 30th. The company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.02. The business had revenue of $665.49 million during the quarter, compared to analyst estimates 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 period last year, the business earned $0.15 EPS. 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 firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, May 14th. This represents a $0.12 annualized dividend and a yield of 1.09%. Newmark Group's dividend payout ratio is 30.77%.

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.