Victory Capital Management Inc. Has $3.19 Million Stock Position in Newmark Group, Inc. (NASDAQ:NMRK)

Victory Capital Management Inc. boosted its position in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 115.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 261,859 shares of the company's stock after purchasing an additional 140,544 shares during the period. Victory Capital Management Inc. owned about 0.15% of Newmark Group worth $3,187,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new position in shares of Newmark Group in the first quarter valued at approximately $26,000. Sterling Capital Management LLC raised its position 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. KBC Group NV acquired a new position in Newmark Group in the first quarter worth $78,000. CWM LLC boosted its stake in Newmark Group by 63.8% in the first quarter. CWM LLC now owns 7,693 shares of the company's stock worth $94,000 after purchasing an additional 2,996 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of 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 purchasing an additional 3,070 shares during the last quarter. 58.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on NMRK. JMP Securities assumed coverage on Newmark Group in a report on Monday, July 21st. They issued a "market outperform" rating and a $17.00 price target for the company. Wall Street Zen raised shares of Newmark Group from a "hold" rating to a "buy" rating in a research note on Saturday. Citizens Jmp began coverage on shares of Newmark Group in a research note on Monday, July 21st. They set a "strong-buy" rating and a $17.00 price target on the stock. Wolfe Research upgraded shares of Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 price objective for the company in a research report on Friday, May 23rd. Finally, Keefe, Bruyette & Woods upped their price objective on Newmark Group from $14.00 to $15.00 and gave the stock an "outperform" rating in a report on Thursday. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $16.00.

Newmark Group Stock Up 1.0%

Shares of NASDAQ NMRK opened at $13.59 on Monday. Newmark Group, Inc. has a 1 year low of $9.65 and a 1 year high of $16.10. The firm's 50-day moving average is $11.82 and its 200-day moving average is $12.25. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $2.51 billion, a PE ratio of 34.85 and a beta of 1.93.

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 for the quarter, beating the consensus estimate of $0.19 by $0.02. Newmark Group had a net margin of 2.39% and a return on equity of 21.85%. The business had revenue of $665.49 million for the quarter, compared to analyst estimates of $609.28 million. During the same period in the prior year, the business posted $0.15 earnings per share. Newmark Group's revenue was up 21.8% compared to the same quarter last year. Equities analysts expect that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Wednesday, May 14th were given 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 0.88%. Newmark Group's dividend payout ratio is currently 30.77%.

Newmark Group Company 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.

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