305,548 Shares in Newmark Group, Inc. (NASDAQ:NMRK) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new stake in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 305,548 shares of the company's stock, valued at approximately $3,349,000. Assenagon Asset Management S.A. owned 0.18% of Newmark Group at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in NMRK. PNC Financial Services Group Inc. grew its stake in shares of Newmark Group by 71.5% during the first quarter. PNC Financial Services Group Inc. now owns 14,048 shares of the company's stock valued at $223,000 after acquiring an additional 5,858 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Newmark Group by 71.6% during the first quarter. MetLife Investment Management LLC now owns 89,024 shares of the company's stock valued at $1,417,000 after acquiring an additional 37,146 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Newmark Group by 4.7% during the first quarter. Rhumbline Advisers now owns 169,286 shares of the company's stock valued at $2,695,000 after acquiring an additional 7,676 shares in the last quarter. BlackRock Inc. grew its stake in shares of Newmark Group by 0.5% during the first quarter. BlackRock Inc. now owns 11,063,026 shares of the company's stock valued at $176,123,000 after acquiring an additional 50,137 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of Newmark Group by 23.1% during the first quarter. Great West Life Assurance Co. Can now owns 9,971 shares of the company's stock valued at $168,000 after acquiring an additional 1,868 shares in the last quarter. 58.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on NMRK shares. Piper Sandler reiterated an "overweight" rating and issued a $13.00 price target on shares of Newmark Group in a research note on Tuesday, March 26th. Keefe, Bruyette & Woods lifted their target price on Newmark Group from $11.00 to $11.25 and gave the company a "market perform" rating in a research note on Monday, February 26th.

Newmark Group Stock Performance

Shares of NMRK traded up $0.12 during mid-day trading on Wednesday, reaching $10.77. 607,310 shares of the company's stock traded hands, compared to its average volume of 1,084,269. The business's 50-day moving average price is $10.64 and its 200-day moving average price is $8.90. The stock has a market capitalization of $1.86 billion, a P/E ratio of 43.08 and a beta of 1.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.59. Newmark Group, Inc. has a 12 month low of $5.07 and a 12 month high of $11.51.

Newmark Group (NASDAQ:NMRK - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.46 earnings per share for the quarter, meeting analysts' consensus estimates of $0.46. The company had revenue of $747.70 million for the quarter, compared to analysts' expectations of $743.53 million. Newmark Group had a return on equity of 17.03% and a net margin of 1.72%. During the same quarter in the previous year, the company posted $0.32 earnings per share. Equities analysts predict that Newmark Group, Inc. will post 1.12 earnings per share for the current year.

Newmark Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.11%. Newmark Group's dividend payout ratio (DPR) is presently 48.00%.

Newmark Group 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.