Newmark Group, Inc. (NASDAQ:NMRK) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 75.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 566,648 shares of the company's stock after acquiring an additional 243,806 shares during the quarter. Deutsche Bank AG owned approximately 0.33% of Newmark Group worth $7,259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NMRK. Sterling Capital Management LLC raised its stake in Newmark Group by 813.9% in the 4th 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. grew 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 buying an additional 2,602 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Newmark Group by 48.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,378 shares of the company's stock valued at $120,000 after buying an additional 3,070 shares during the last quarter. Optimize Financial Inc purchased a new position in shares of Newmark Group during the fourth quarter valued at approximately $132,000. Finally, Highland Capital Management LLC acquired a new stake in Newmark Group during the fourth quarter worth approximately $135,000. Institutional investors and hedge funds own 58.42% of the company's stock.

Wall Street Analysts Forecast Growth

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

Newmark Group Trading Down 9.7%

Newmark Group stock traded down $1.11 during trading on Wednesday, reaching $10.28. The company had a trading volume of 3,620,300 shares, compared to its average volume of 1,139,967. Newmark Group, Inc. has a 12-month low of $9.64 and a 12-month 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. The stock's 50 day moving average price is $11.38 and its two-hundred day moving average price is $13.11. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 29.37 and a beta of 1.99.

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 for the quarter, beating analysts' consensus estimates of $0.19 by $0.02. The company had revenue of $665.49 million for 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 for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the business earned $0.15 EPS. As a group, equities analysts expect that Newmark Group, Inc. will post 1.45 earnings per share 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. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.12 annualized dividend and a yield of 1.17%. Newmark Group's dividend payout ratio is presently 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.