D. E. Shaw & Co. Inc. Purchases 31,974 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

D. E. Shaw & Co. Inc. increased its stake in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 172.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,480 shares of the company's stock after buying an additional 31,974 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Newmark Group were worth $647,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in NMRK. Sterling Capital Management LLC lifted its holdings in Newmark Group by 813.9% during the fourth quarter. Sterling Capital Management LLC now owns 4,149 shares of the company's stock valued at $53,000 after purchasing an additional 3,695 shares during the last quarter. Assetmark Inc. increased its position in shares of Newmark Group by 43.5% in 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 last quarter. Tower Research Capital LLC TRC increased its holdings in shares of 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 last quarter. Optimize Financial Inc purchased a new stake in Newmark Group during the fourth quarter valued at about $132,000. Finally, Highland Capital Management LLC purchased a new position in shares of Newmark Group during the 4th quarter valued at about $135,000. Institutional investors own 58.42% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NMRK shares. Wolfe Research upgraded Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 price objective for the company in a research report on Friday, May 23rd. The Goldman Sachs Group reduced 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. Piper Sandler lowered their target price on shares of Newmark Group from $19.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Newmark Group from $14.50 to $14.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd.

Newmark Group Stock Performance

Shares of NMRK stock traded up $0.21 during trading hours on Thursday, reaching $11.04. The company had a trading volume of 957,654 shares, compared to its average volume of 1,142,712. 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 business has a fifty day moving average price of $11.11 and a 200-day moving average price of $12.91. Newmark Group, Inc. has a one year low of $9.64 and a one year high of $16.10. The firm has a market cap of $2.04 billion, a PE ratio of 31.54 and a beta of 1.99.

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 analysts' consensus estimates of $0.19 by $0.02. The business had revenue of $665.49 million during the quarter, compared to the consensus estimate of $609.28 million. Newmark Group had a net margin of 2.22% and a return on equity of 20.74%. The firm's revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 EPS. Sell-side analysts predict that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

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

Newmark Group Company 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.