Newmark Group, Inc. (NASDAQ:NMRK) Stake Lessened by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. decreased its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 75.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,373 shares of the company’s stock after selling 10,599 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Newmark Group were worth $35,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. HGI Capital Management LLC lifted its holdings in shares of Newmark Group by 46.5% in the fourth quarter. HGI Capital Management LLC now owns 497,620 shares of the company’s stock valued at $5,454,000 after buying an additional 158,013 shares during the period. Paulson & CO. Inc. lifted its holdings in Newmark Group by 133.5% in the 4th quarter. Paulson & CO. Inc. now owns 3,000,000 shares of the company’s stock valued at $32,880,000 after acquiring an additional 1,715,375 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Newmark Group by 4.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,311,813 shares of the company’s stock valued at $14,377,000 after purchasing an additional 54,909 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Newmark Group in the 4th quarter worth approximately $4,518,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Newmark Group in the 4th quarter worth approximately $172,000. 58.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NMRK has been the topic of several recent research reports. Piper Sandler lifted their price target on shares of Newmark Group from $13.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Keefe, Bruyette & Woods raised Newmark Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $13.50 to $16.50 in a research report on Thursday, September 5th. Finally, Wolfe Research upgraded Newmark Group from a “peer perform” rating to an “outperform” rating and set a $15.00 price target for the company in a research report on Friday, August 16th.

Newmark Group Trading Up 0.6 %

Newmark Group stock opened at $15.62 on Wednesday. Newmark Group, Inc. has a 52 week low of $5.09 and a 52 week high of $16.10. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 70.95 and a beta of 2.01. The company has a 50 day moving average price of $13.59 and a 200 day moving average price of $11.53.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The business had revenue of $633.40 million for the quarter, compared to the consensus estimate of $630.27 million. Newmark Group had a return on equity of 17.78% and a net margin of 1.75%. Newmark Group’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share. Research analysts forecast that Newmark Group, Inc. will post 1.15 EPS for the current year.

Newmark Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, August 16th. Newmark Group’s dividend payout ratio (DPR) is 54.55%.

About Newmark Group

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.