BNP Paribas Financial Markets Reduces Stake in Newmark Group, Inc. (NASDAQ:NMRK)

BNP Paribas Financial Markets lessened its position in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 73.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its position in shares of Newmark Group by 352.8% in the third quarter. Barclays PLC now owns 227,099 shares of the company's stock valued at $3,526,000 after buying an additional 176,947 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Newmark Group by 43.5% during the fourth quarter. Assetmark Inc. now owns 8,585 shares of the company's stock worth $110,000 after purchasing an additional 2,602 shares during the period. Vanguard Group Inc. increased its holdings in shares of Newmark Group by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 21,114,662 shares of the company's stock worth $270,479,000 after purchasing an additional 83,094 shares during the period. SG Americas Securities LLC increased its holdings in shares of Newmark Group by 540.5% during the fourth quarter. SG Americas Securities LLC now owns 46,289 shares of the company's stock worth $593,000 after purchasing an additional 39,062 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in Newmark Group by 32.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 16,473 shares of the company's stock valued at $211,000 after acquiring an additional 4,019 shares during the last quarter. Institutional investors own 58.42% of the company's stock.

Newmark Group Stock Up 0.3%

Shares of NASDAQ:NMRK traded up $0.03 during midday trading on Monday, hitting $11.04. 1,012,034 shares of the company's stock were exchanged, compared to its average volume of 1,147,448. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a 50 day moving average price of $11.08 and a 200-day moving average price of $12.85. The company has a market cap of $2.04 billion, a PE ratio of 31.54 and a beta of 1.99. Newmark Group, Inc. has a 12 month low of $9.64 and a 12 month high of $16.10.

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

Newmark Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Wednesday, May 14th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Wednesday, May 14th. Newmark Group's payout ratio is 30.77%.

Wall Street Analyst Weigh In

NMRK has been the topic of a number of research analyst reports. Piper Sandler cut their target price on shares of Newmark Group from $19.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Keefe, Bruyette & Woods cut their price target 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. The Goldman Sachs Group dropped their target price on shares of Newmark Group from $19.50 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Finally, Wolfe Research raised shares of Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 price target for the company in a research note on Friday, May 23rd.

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.