Newmark Group, Inc. (NASDAQ:NMRK) Shares Bought by Clark Capital Management Group Inc.

Clark Capital Management Group Inc. boosted its position in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 12.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 281,327 shares of the company's stock after purchasing an additional 30,848 shares during the quarter. Clark Capital Management Group Inc. owned about 0.16% of Newmark Group worth $3,604,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NMRK. Principal Financial Group Inc. increased its holdings in Newmark Group by 1,017.4% in the 3rd quarter. Principal Financial Group Inc. now owns 2,137,630 shares of the company's stock worth $33,197,000 after purchasing an additional 1,946,322 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Newmark Group by 103.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,948,511 shares of the company's stock worth $37,770,000 after purchasing an additional 1,502,372 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Newmark Group by 851.7% in the fourth quarter. Wells Fargo & Company MN now owns 848,475 shares of the company's stock worth $10,869,000 after purchasing an additional 759,324 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Newmark Group during the fourth quarter valued at approximately $5,277,000. Finally, Raymond James Financial Inc. bought a new position in Newmark Group during the fourth quarter valued at $4,785,000. 58.42% of the stock is currently owned by institutional investors.

Newmark Group Stock Performance

Shares of NASDAQ:NMRK traded down $0.03 during midday trading on Thursday, hitting $11.68. The company had a trading volume of 173,590 shares, compared to its average volume of 1,135,423. 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 has a market cap of $2.11 billion, a price-to-earnings ratio of 33.36 and a beta of 1.99. Newmark Group, Inc. has a 12-month low of $9.64 and a 12-month high of $16.10. The company has a fifty day moving average of $11.44 and a two-hundred day moving average of $13.22.

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, beating the consensus estimate of $0.19 by $0.02. The business had revenue of $665.49 million during the quarter, compared to the consensus estimate of $609.28 million. Newmark Group had a net margin of 2.22% and a return on equity of 20.74%. The business's revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS. On average, equities research analysts expect that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Wednesday, May 14th. Newmark Group's dividend payout ratio (DPR) is presently 30.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NMRK shares. Keefe, Bruyette & Woods cut their price target on Newmark Group from $14.50 to $14.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Piper Sandler lowered their price target on Newmark Group from $19.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Finally, The Goldman Sachs Group decreased their price objective on Newmark Group from $19.50 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th.

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.