Marshall Wace LLP Invests $2.15 Million in Newmark Group, Inc. (NASDAQ:NMRK)

Marshall Wace LLP bought a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 168,063 shares of the company's stock, valued at approximately $2,153,000. Marshall Wace LLP owned 0.10% of Newmark Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Principal Financial Group Inc. boosted its holdings in Newmark Group by 1,017.4% in the third quarter. Principal Financial Group Inc. now owns 2,137,630 shares of the company's stock valued at $33,197,000 after purchasing an additional 1,946,322 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Newmark Group by 103.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,948,511 shares of the company's stock valued at $37,770,000 after acquiring an additional 1,502,372 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Newmark Group by 851.7% in the 4th quarter. Wells Fargo & Company MN now owns 848,475 shares of the company's stock valued at $10,869,000 after purchasing an additional 759,324 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Newmark Group in the 4th quarter valued at $4,785,000. Finally, Norges Bank purchased a new stake in shares of Newmark Group during the 4th quarter worth $3,307,000. Hedge funds and other institutional investors own 58.42% of the company's stock.

Wall Street Analysts Forecast Growth

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

Newmark Group Stock Performance

Shares of NMRK stock traded up $0.38 during trading hours on Friday, hitting $11.17. The stock had a trading volume of 150,366 shares, compared to its average volume of 1,146,363. 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 firm has a market capitalization of $2.02 billion, a PE ratio of 31.77 and a beta of 1.69. The stock's 50 day moving average is $11.92 and its 200 day moving average is $13.44. Newmark Group, Inc. has a twelve month low of $9.64 and a twelve month high of $16.10.

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

Newmark Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Monday, March 3rd. Newmark Group's dividend payout ratio (DPR) is presently 34.29%.

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.