Systematic Financial Management LP increased its position in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,476,123 shares of the company's stock after acquiring an additional 54,138 shares during the period. Systematic Financial Management LP owned approximately 0.86% of Newmark Group worth $18,909,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Barclays PLC grew its position in Newmark Group by 0.3% in the 4th quarter. Barclays PLC now owns 227,866 shares of the company's stock worth $2,919,000 after purchasing an additional 767 shares during the last quarter. MetLife Investment Management LLC raised its stake in Newmark Group by 1.3% during the 4th quarter. MetLife Investment Management LLC now owns 79,900 shares of the company's stock valued at $1,024,000 after acquiring an additional 1,035 shares in the last quarter. Rhumbline Advisers boosted its position in Newmark Group by 0.5% during the 4th quarter. Rhumbline Advisers now owns 237,015 shares of the company's stock worth $3,036,000 after acquiring an additional 1,201 shares during the period. Cetera Investment Advisers grew its stake in shares of Newmark Group by 2.7% in the fourth quarter. Cetera Investment Advisers now owns 53,635 shares of the company's stock worth $687,000 after purchasing an additional 1,385 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Newmark Group by 2.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,900 shares of the company's stock valued at $959,000 after purchasing an additional 1,653 shares during the period. 58.42% of the stock is currently owned by institutional investors.
Newmark Group Price Performance
Newmark Group stock traded down $0.20 during mid-day trading on Tuesday, hitting $11.39. The company's stock had a trading volume of 816,717 shares, compared to its average volume of 1,130,045. The stock has a market capitalization of $2.10 billion, a P/E ratio of 32.54 and a beta of 1.99. Newmark Group, Inc. has a twelve month low of $9.64 and a twelve month high of $16.10. The stock's fifty day moving average price is $11.39 and its two-hundred day moving average price is $13.13. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52.
Newmark Group (NASDAQ:NMRK - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.02. The business had revenue of $665.49 million during the quarter, compared to analyst estimates of $609.28 million. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. Newmark Group's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the company posted $0.15 EPS. Research analysts forecast that Newmark Group, Inc. will post 1.45 earnings per share for the current year.
Newmark Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Wednesday, May 14th will be given a $0.03 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a yield of 1.05%. Newmark Group's payout ratio is 30.77%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on NMRK shares. Piper Sandler reduced their price objective on shares of Newmark Group from $19.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Keefe, Bruyette & Woods reduced their price target on shares of Newmark Group from $14.50 to $14.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group lowered their price objective on shares of Newmark Group from $19.50 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th.
Read Our Latest Analysis on Newmark Group
About Newmark Group
(
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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