Newmark Group, Inc. (NASDAQ:NMRK) Shares Purchased by Northern Trust Corp

Northern Trust Corp raised its position in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,474,824 shares of the company's stock after purchasing an additional 21,586 shares during the quarter. Northern Trust Corp owned about 0.86% of Newmark Group worth $18,892,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Tudor Investment Corp ET AL acquired a new stake in shares of Newmark Group during the fourth quarter valued at about $1,157,000. Aquatic Capital Management LLC boosted its position in shares of Newmark Group by 216.7% during the 4th quarter. Aquatic Capital Management LLC now owns 51,937 shares of the company's stock worth $665,000 after purchasing an additional 35,537 shares during the period. Nebula Research & Development LLC purchased a new stake in Newmark Group in the fourth quarter valued at approximately $181,000. Voya Investment Management LLC lifted its stake in Newmark Group by 4.3% during the fourth quarter. Voya Investment Management LLC now owns 68,594 shares of the company's stock worth $879,000 after purchasing an additional 2,844 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Newmark Group by 9.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 126,534 shares of the company's stock worth $1,621,000 after buying an additional 11,173 shares during the period. 58.42% of the stock is currently owned by institutional investors and hedge funds.

Newmark Group Trading Down 0.4%

NASDAQ NMRK opened at $11.87 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $2.14 billion, a P/E ratio of 33.92 and a beta of 1.99. Newmark Group, Inc. has a 52-week low of $9.64 and a 52-week high of $16.10. The firm has a 50-day moving average price of $11.48 and a 200 day moving average price of $13.23.

Newmark Group (NASDAQ:NMRK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.02. The business had revenue of $665.49 million for the quarter, compared to analysts' expectations 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 for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 EPS. Equities research analysts expect that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, May 14th. Newmark Group's dividend payout ratio is presently 30.77%.

Wall Street Analysts Forecast Growth

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

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.

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