OneDigital Investment Advisors LLC Takes $178,000 Position in Newmark Group, Inc. (NASDAQ:NMRK)

OneDigital Investment Advisors LLC bought a new position in Newmark Group, Inc. (NASDAQ:NMRK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,481 shares of the company’s stock, valued at approximately $178,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Newmark Group by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 20,474,932 shares of the company’s stock valued at $227,067,000 after purchasing an additional 702,233 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Newmark Group by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 6,686,191 shares of the company’s stock valued at $68,399,000 after acquiring an additional 480,047 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Newmark Group by 1,017.4% in the third quarter. Principal Financial Group Inc. now owns 2,137,630 shares of the company’s stock valued at $33,197,000 after acquiring an additional 1,946,322 shares during the last quarter. Leeward Investments LLC MA grew its position in Newmark Group by 5.6% during the second quarter. Leeward Investments LLC MA now owns 1,907,574 shares of the company’s stock valued at $19,514,000 after acquiring an additional 101,426 shares during the period. Finally, Systematic Financial Management LP increased its stake in Newmark Group by 11.9% during the second quarter. Systematic Financial Management LP now owns 928,935 shares of the company’s stock worth $9,503,000 after acquiring an additional 98,532 shares during the last quarter. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Newmark Group Stock Performance

Newmark Group stock opened at $15.28 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42. Newmark Group, Inc. has a one year low of $7.72 and a one year high of $16.10. The stock’s 50 day moving average price is $15.11 and its 200 day moving average price is $12.78. The firm has a market capitalization of $2.61 billion, a PE ratio of 50.93 and a beta of 2.01.

Newmark Group (NASDAQ:NMRK) last announced its earnings results on Tuesday, November 5th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. Newmark Group had a net margin of 2.00% and a return on equity of 18.95%. The business had revenue of $685.90 million during the quarter, compared to the consensus estimate of $682.07 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts expect that Newmark Group, Inc. will post 1.15 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, November 21st. Newmark Group’s dividend payout ratio (DPR) is 40.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NMRK. Keefe, Bruyette & Woods upgraded 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 report on Thursday, September 5th. Piper Sandler boosted their price objective on shares of Newmark Group from $13.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Finally, Wolfe Research raised shares of Newmark Group from a “peer perform” rating to an “outperform” rating and set a $15.00 target price on the stock in a research note on Friday, August 16th.

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.