Two Sigma Investments LP Takes Position in Newmark Group, Inc. (NASDAQ:NMRK)

Two Sigma Investments LP acquired a new position in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 22,423 shares of the company's stock, valued at approximately $287,000.

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

Newmark Group Stock Down 4.1%

NMRK stock traded down $0.49 on Friday, hitting $11.38. 852,959 shares of the company's stock were exchanged, compared to its average volume of 1,153,774. Newmark Group, Inc. has a 12-month low of $9.64 and a 12-month high of $16.10. The firm has a 50 day moving average price of $11.03 and a two-hundred day moving average price of $12.59. 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 cap of $2.10 billion, a P/E ratio of 32.52 and a beta of 1.94.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued 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. The business had revenue of $665.49 million during the quarter, compared to analysts' expectations of $609.28 million. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The company's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 EPS. As a group, equities research analysts expect that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Wednesday, May 14th were paid a $0.03 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.05%. Newmark Group's dividend payout ratio (DPR) is presently 30.77%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NMRK shares. Wolfe Research raised Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 target price on the stock in a research note on Friday, May 23rd. Piper Sandler cut their target price 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. Keefe, Bruyette & Woods lowered 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 lowered their price target on Newmark Group from $19.50 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Finally, Wall Street Zen downgraded Newmark Group from a "buy" rating to a "hold" rating in a report on Friday, June 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $15.25.

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.