Tudor Investment Corp ET AL Acquires New Position in Newmark Group, Inc. (NASDAQ:NMRK)

Tudor Investment Corp ET AL 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 Securities and Exchange Commission (SEC). The firm acquired 90,333 shares of the company's stock, valued at approximately $1,157,000. Tudor Investment Corp ET AL owned about 0.05% of Newmark Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Newmark Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 21,114,662 shares of the company's stock worth $270,479,000 after acquiring an additional 83,094 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Newmark Group by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,374,705 shares of the company's stock worth $81,660,000 after purchasing an additional 88,618 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Newmark Group by 44.9% in the 4th quarter. Principal Financial Group Inc. now owns 3,098,429 shares of the company's stock worth $39,691,000 after purchasing an additional 960,799 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position 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 valued at $37,770,000 after purchasing an additional 1,502,372 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Newmark Group by 5.1% during the 4th quarter. American Century Companies Inc. now owns 1,541,854 shares of the company's stock valued at $19,751,000 after buying an additional 75,502 shares in the last quarter. Institutional investors own 58.42% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of Newmark Group from $19.50 to $17.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Keefe, Bruyette & Woods lowered 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, Piper Sandler reduced their price objective on Newmark Group from $19.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday.

Newmark Group Trading Down 0.8 %

Newmark Group stock traded down $0.09 during trading hours on Friday, reaching $11.23. The stock had a trading volume of 960,760 shares, compared to its average volume of 1,138,787. The stock has a market cap of $2.03 billion, a PE ratio of 32.09 and a beta of 1.99. The company has a fifty day simple moving average of $11.60 and a 200-day simple moving average of $13.31. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42. Newmark Group, Inc. has a 52 week low of $9.64 and a 52 week high of $16.10.

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 the consensus estimate of $0.19 by $0.02. The firm had revenue of $665.49 million for the quarter, compared to analysts' expectations of $609.28 million. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The business's revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 earnings per share. Analysts forecast that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Wednesday, May 14th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a yield of 1.07%. Newmark Group's dividend payout ratio (DPR) is currently 30.77%.

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.