Deutsche Bank AG grew its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 75.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 566,648 shares of the company's stock after buying an additional 243,806 shares during the period. Deutsche Bank AG owned 0.33% of Newmark Group worth $7,259,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Barclays PLC increased its position in Newmark Group by 352.8% in the 3rd quarter. Barclays PLC now owns 227,099 shares of the company's stock valued at $3,526,000 after acquiring an additional 176,947 shares during the period. Franklin Resources Inc. raised its stake in shares of Newmark Group by 33.2% during the third quarter. Franklin Resources Inc. now owns 107,642 shares of the company's stock valued at $1,597,000 after purchasing an additional 26,847 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in Newmark Group in the fourth quarter worth about $805,000. Empirical Asset Management LLC bought a new position in Newmark Group in the 4th quarter valued at about $1,742,000. Finally, SG Americas Securities LLC increased its stake in Newmark Group by 540.5% during the 4th quarter. SG Americas Securities LLC now owns 46,289 shares of the company's stock valued at $593,000 after buying an additional 39,062 shares during the period. Institutional investors own 58.42% of the company's stock.
Newmark Group Price Performance
Newmark Group stock traded up $0.02 during midday trading on Friday, hitting $10.48. The company's stock had a trading volume of 1,066,399 shares, compared to its average volume of 1,141,126. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52. The stock's 50-day moving average price is $11.25 and its 200-day moving average price is $13.04. Newmark Group, Inc. has a 12 month low of $9.64 and a 12 month high of $16.10. The company has a market capitalization of $1.93 billion, a PE ratio of 29.94 and a beta of 1.99.
Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its quarterly 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 firm had revenue of $665.49 million for the quarter, compared to analysts' expectations of $609.28 million. During the same period in the previous year, the business earned $0.15 earnings per share. Newmark Group's revenue for the quarter was up 21.8% compared to the same quarter last year. Analysts anticipate that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.
Newmark Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Wednesday, May 14th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, May 14th. Newmark Group's dividend payout ratio (DPR) is presently 30.77%.
Analyst Ratings Changes
NMRK has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their price target 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 cut their target price on Newmark Group from $14.50 to $14.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Wolfe Research raised 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. Finally, Piper Sandler dropped their price objective on Newmark Group from $19.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th.
View Our Latest Research Report on Newmark Group
Newmark Group Company Profile
(
Free Report)
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.
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