Graham Capital Management L.P. boosted its holdings in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 30.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 147,862 shares of the company's stock after acquiring an additional 34,644 shares during the quarter. Graham Capital Management L.P. owned about 0.09% of Newmark Group worth $1,894,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of NMRK. Barclays PLC lifted its stake in Newmark Group by 352.8% during the third quarter. Barclays PLC now owns 227,099 shares of the company's stock valued at $3,526,000 after buying an additional 176,947 shares in the last quarter. Assetmark Inc. lifted its stake in Newmark Group by 43.5% during the fourth quarter. Assetmark Inc. now owns 8,585 shares of the company's stock valued at $110,000 after buying an additional 2,602 shares in the last quarter. Vanguard Group Inc. lifted its stake in Newmark Group by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 21,114,662 shares of the company's stock valued at $270,479,000 after buying an additional 83,094 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Newmark Group by 540.5% in the 4th quarter. SG Americas Securities LLC now owns 46,289 shares of the company's stock valued at $593,000 after purchasing an additional 39,062 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Newmark Group by 32.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 16,473 shares of the company's stock valued at $211,000 after purchasing an additional 4,019 shares during the period. 58.42% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on NMRK shares. Keefe, Bruyette & Woods dropped their target price on Newmark Group from $14.50 to $14.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Piper Sandler dropped their target price on Newmark Group from $19.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Finally, The Goldman Sachs Group dropped their target price on Newmark Group from $19.50 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th.
Check Out Our Latest Analysis on NMRK
Newmark Group Stock Down 0.4%
Shares of NMRK traded down $0.05 during trading hours on Friday, reaching $11.58. The company's stock had a trading volume of 764,365 shares, compared to its average volume of 1,131,988. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 33.09 and a beta of 1.99. Newmark Group, Inc. has a 1-year low of $9.64 and a 1-year high of $16.10. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average of $11.41 and a two-hundred day moving average of $13.16.
Newmark Group (NASDAQ:NMRK - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.02. The firm had revenue of $665.49 million for 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 firm's revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 earnings per share. As a group, research analysts predict that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.
Newmark Group Announces Dividend
The firm also recently declared 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 of this dividend 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%.
Newmark Group Profile
(
Free Report)
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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