Newmark Group, Inc. (NASDAQ:NMRK) Stock Holdings Raised by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in Newmark Group, Inc. (NASDAQ:NMRK) by 540.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,289 shares of the company’s stock after purchasing an additional 39,062 shares during the quarter. SG Americas Securities LLC’s holdings in Newmark Group were worth $593,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of NMRK. Assetmark Inc. bought a new stake in Newmark Group in the third quarter valued at about $93,000. Mackenzie Financial Corp increased its holdings in shares of Newmark Group by 21.0% in the 2nd quarter. Mackenzie Financial Corp now owns 12,389 shares of the company’s stock valued at $127,000 after acquiring an additional 2,153 shares during the last quarter. Blue Trust Inc. raised its position in shares of Newmark Group by 408.2% during the 3rd quarter. Blue Trust Inc. now owns 9,401 shares of the company’s stock valued at $146,000 after acquiring an additional 7,551 shares in the last quarter. OneDigital Investment Advisors LLC bought a new position in Newmark Group during the third quarter worth $178,000. Finally, Coldstream Capital Management Inc. bought a new position in Newmark Group during the third quarter worth $181,000. Institutional investors own 58.42% of the company’s stock.

Newmark Group Price Performance

Shares of NMRK opened at $14.09 on Friday. Newmark Group, Inc. has a 12 month low of $9.44 and a 12 month high of $16.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a fifty day moving average price of $13.85 and a 200 day moving average price of $13.98. The company has a market cap of $2.41 billion, a P/E ratio of 46.97 and a beta of 1.99.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $685.90 million during the quarter, compared to analyst estimates of $682.07 million. Newmark Group had a net margin of 2.00% and a return on equity of 18.95%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 earnings per share. On average, research analysts forecast that Newmark Group, Inc. will post 1.15 earnings per share for the current year.

Newmark Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.03 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.85%. Newmark Group’s dividend payout ratio (DPR) is presently 40.00%.

Analyst Ratings Changes

Several analysts have weighed in on NMRK shares. Wolfe Research lowered shares of Newmark Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 25th. The Goldman Sachs Group initiated coverage on shares of Newmark Group in a research report on Friday, December 6th. They set a “buy” rating and a $19.00 price objective for the company.

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.