Newmark Group, Inc. (NASDAQ:NMRK) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 293,895 shares of the company's stock after acquiring an additional 28,599 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.17% of Newmark Group worth $3,765,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sterling Capital Management LLC raised its stake in shares of Newmark Group by 813.9% during the 4th quarter. Sterling Capital Management LLC now owns 4,149 shares of the company's stock worth $53,000 after buying an additional 3,695 shares during the period. Assetmark Inc. raised its position in 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 acquiring an additional 2,602 shares during the period. Tower Research Capital LLC TRC raised its position in Newmark Group by 48.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,378 shares of the company's stock worth $120,000 after acquiring an additional 3,070 shares during the period. Optimize Financial Inc acquired a new position in Newmark Group during the fourth quarter worth $132,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Newmark Group during the fourth quarter valued at $133,000. 58.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Keefe, Bruyette & Woods cut their target price on shares of Newmark Group from $14.50 to $14.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Wolfe Research upgraded Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 price objective on the stock in a report on Friday, May 23rd. Wall Street Zen lowered Newmark Group from a "buy" rating to a "hold" rating in a research note on Friday. The Goldman Sachs Group reduced their target price on Newmark Group from $19.50 to $17.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Finally, Piper Sandler decreased their target price 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Newmark Group has a consensus rating of "Moderate Buy" and a consensus target price of $15.25.

Newmark Group Price Performance

Shares of NASDAQ NMRK traded up $0.19 during mid-day trading on Friday, reaching $11.35. The company's stock had a trading volume of 658,157 shares, compared to its average volume of 1,148,476. The stock has a 50-day moving average of $10.97 and a two-hundred day moving average of $12.72. 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 has a market capitalization of $2.09 billion, a P/E ratio of 32.43 and a beta of 1.94. Newmark Group, Inc. has a 1-year low of $9.64 and a 1-year high of $16.10.

Newmark Group (NASDAQ:NMRK - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.21 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $609.28 million. During the same quarter in the prior year, the company earned $0.15 EPS. Newmark Group's revenue was up 21.8% compared to the same quarter last year. On average, equities research analysts anticipate that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Wednesday, May 14th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.12 annualized dividend and a dividend yield of 1.06%. Newmark Group's dividend payout ratio is presently 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.