Jump Financial LLC Buys Shares of 52,424 Newmark Group, Inc. (NASDAQ:NMRK)

Jump Financial LLC acquired a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 52,424 shares of the company's stock, valued at approximately $672,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its stake in Newmark Group by 813.9% during the 4th quarter. Sterling Capital Management LLC now owns 4,149 shares of the company's stock valued at $53,000 after acquiring an additional 3,695 shares during the last quarter. Assetmark Inc. raised its stake in Newmark Group by 43.5% during the 4th quarter. Assetmark Inc. now owns 8,585 shares of the company's stock valued at $110,000 after acquiring an additional 2,602 shares during the last quarter. Optimize Financial Inc purchased a new stake in Newmark Group during the 4th quarter valued at approximately $132,000. Highland Capital Management LLC purchased a new stake in Newmark Group during the 4th quarter valued at approximately $135,000. Finally, Cibc World Markets Corp purchased a new stake in Newmark Group during the 4th quarter valued at approximately $158,000. 58.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NMRK shares. The Goldman Sachs Group cut their target price on Newmark Group from $19.50 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Keefe, Bruyette & Woods cut their target price on Newmark Group from $18.00 to $14.50 and set an "outperform" rating for the company in a research note on Thursday, April 17th.

Newmark Group Stock Performance

Shares of NMRK stock traded up $0.06 during trading hours on Monday, reaching $11.19. 925,029 shares of the company's stock were exchanged, compared to its average volume of 1,143,126. The company has a market cap of $2.02 billion, a P/E ratio of 31.97 and a beta of 1.69. 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 company's 50 day moving average is $12.12 and its two-hundred day moving average is $13.50. Newmark Group, Inc. has a 1 year low of $9.51 and a 1 year high of $16.10.

Newmark Group (NASDAQ:NMRK - Get Free Report) last released its quarterly earnings results on Friday, February 14th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.07. The business had revenue of $888.30 million for the quarter, compared to analysts' expectations of $790.76 million. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The company's revenue was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. Equities research analysts anticipate that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Monday, March 3rd. Newmark Group's dividend payout ratio is currently 34.29%.

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.