First Trust Advisors LP Lowers Holdings in Newmark Group, Inc. (NASDAQ:NMRK)

First Trust Advisors LP cut its position in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 74.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,375 shares of the company's stock after selling 152,132 shares during the period. First Trust Advisors LP's holdings in Newmark Group were worth $684,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of Newmark Group by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,374,705 shares of the company's stock valued at $81,660,000 after acquiring an additional 88,618 shares during the period. Marshall Wace LLP acquired a new stake in Newmark Group in the fourth quarter valued at approximately $2,153,000. Jump Financial LLC purchased a new stake in shares of Newmark Group in the fourth quarter valued at approximately $672,000. Walleye Capital LLC acquired a new position in shares of Newmark Group during the 4th quarter worth approximately $174,000. Finally, Barclays PLC lifted its position in shares of 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. Institutional investors and hedge funds own 58.42% of the company's stock.

Newmark Group Price Performance

Shares of NASDAQ:NMRK traded down $0.08 during midday trading on Wednesday, hitting $11.76. The company had a trading volume of 181,324 shares, compared to its average volume of 1,045,801. Newmark Group, Inc. has a twelve month low of $9.64 and a twelve month high of $16.10. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 33.59 and a beta of 1.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42. The business's 50-day simple moving average is $11.48 and its 200-day simple moving average is $13.23.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.02. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The business had revenue of $665.49 million during the quarter, compared to the consensus estimate of $609.28 million. During the same period last year, the company earned $0.15 EPS. The company's revenue for the quarter was up 21.8% on a year-over-year basis. On average, research analysts predict that Newmark Group, Inc. will post 1.45 earnings per share for the current year.

Newmark Group Announces Dividend

The company also recently announced 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. This represents a $0.12 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Wednesday, May 14th. Newmark Group's dividend payout ratio (DPR) is presently 30.77%.

Analysts Set New Price Targets

NMRK has been the subject of several recent analyst reports. The Goldman Sachs Group cut their price target on shares of Newmark Group from $19.50 to $17.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Piper Sandler cut their target price on shares of Newmark Group from $19.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Newmark Group from $14.50 to $14.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd.

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.