Raymond James Financial Inc. Makes New Investment in Newmark Group, Inc. (NASDAQ:NMRK)

Raymond James Financial Inc. acquired a new position in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 373,532 shares of the company's stock, valued at approximately $4,785,000. Raymond James Financial Inc. owned about 0.22% of Newmark Group as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in NMRK. Vanguard Group Inc. boosted its holdings in Newmark Group by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 21,114,662 shares of the company's stock worth $270,479,000 after buying an additional 83,094 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Newmark Group by 44.9% in the fourth quarter. Principal Financial Group Inc. now owns 3,098,429 shares of the company's stock valued at $39,691,000 after buying an additional 960,799 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Newmark Group by 103.9% during the 4th 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 period. American Century Companies Inc. boosted its stake in Newmark Group by 5.1% in the 4th quarter. American Century Companies Inc. now owns 1,541,854 shares of the company's stock worth $19,751,000 after buying an additional 75,502 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Newmark Group by 13.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,388,913 shares of the company's stock valued at $17,792,000 after purchasing an additional 165,106 shares during the period. Institutional investors and hedge funds own 58.42% of the company's stock.

Analyst Upgrades and Downgrades

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

Newmark Group Stock Performance

Shares of NASDAQ:NMRK traded up $0.05 on Thursday, reaching $11.04. 216,968 shares of the company's stock were exchanged, compared to its average volume of 1,144,841. 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 business's 50-day moving average is $11.99 and its two-hundred day moving average is $13.47. Newmark Group, Inc. has a fifty-two week low of $9.51 and a fifty-two week high of $16.10. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 31.67 and a beta of 1.69.

Newmark Group (NASDAQ:NMRK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.21 earnings per share (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 firm had revenue of $665.49 million during the quarter, compared to analyst estimates of $609.28 million. During the same period in the previous year, the business posted $0.15 EPS. Newmark Group's revenue was up 21.8% on a year-over-year basis. As a group, equities research analysts forecast that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.12 annualized dividend and a yield of 1.09%. Newmark Group's payout ratio is 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.