Newmark Group, Inc. (NASDAQ:NMRK) Shares Purchased by Millennium Management LLC

Millennium Management LLC increased its position in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 138.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,916,186 shares of the company's stock after acquiring an additional 1,112,610 shares during the period. Millennium Management LLC owned approximately 1.12% of Newmark Group worth $24,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its holdings in Newmark Group by 0.3% in the fourth quarter. Barclays PLC now owns 227,866 shares of the company's stock valued at $2,919,000 after purchasing an additional 767 shares during the last quarter. MetLife Investment Management LLC increased its stake in Newmark Group by 1.3% during the 4th quarter. MetLife Investment Management LLC now owns 79,900 shares of the company's stock worth $1,024,000 after buying an additional 1,035 shares in the last quarter. Rhumbline Advisers increased its position in shares of Newmark Group by 0.5% during the fourth quarter. Rhumbline Advisers now owns 237,015 shares of the company's stock worth $3,036,000 after purchasing an additional 1,201 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Newmark Group by 2.7% in the fourth quarter. Cetera Investment Advisers now owns 53,635 shares of the company's stock valued at $687,000 after buying an additional 1,385 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Newmark Group by 2.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,900 shares of the company's stock valued at $959,000 after acquiring an additional 1,653 shares during the last quarter. Institutional investors and hedge funds own 58.42% of the company's stock.

Analyst Upgrades and Downgrades

NMRK has been the topic of several analyst reports. Keefe, Bruyette & Woods reduced their price target on 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 cut their target price on shares of Newmark Group from $19.50 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Finally, Piper Sandler reduced their price target on Newmark Group from $19.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th.

Newmark Group Price Performance

NMRK stock opened at $11.59 on Tuesday. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 33.12 and a beta of 1.99. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52. Newmark Group, Inc. has a fifty-two week low of $9.64 and a fifty-two week high of $16.10. The business has a 50 day moving average price of $11.39 and a 200 day moving average price of $13.13.

Newmark Group (NASDAQ:NMRK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 20.74% and a net margin of 2.22%. The business's quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 EPS. Equities research 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 announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.03 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.12 annualized dividend and a dividend yield of 1.04%. Newmark Group's dividend payout ratio (DPR) is 30.77%.

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.

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