Newmark Group, Inc. (NASDAQ:NMRK) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers lifted its position in Newmark Group, Inc. (NASDAQ:NMRK) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 237,015 shares of the company’s stock after acquiring an additional 1,201 shares during the quarter. Rhumbline Advisers owned 0.14% of Newmark Group worth $3,036,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Creative Planning increased its stake in shares of Newmark Group by 15.0% in the third quarter. Creative Planning now owns 45,308 shares of the company’s stock valued at $704,000 after purchasing an additional 5,915 shares during the period. DekaBank Deutsche Girozentrale raised its stake in Newmark Group by 249.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 16,484 shares of the company’s stock valued at $254,000 after acquiring an additional 11,765 shares in the last quarter. Principal Financial Group Inc. boosted its position in Newmark Group by 1,017.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,137,630 shares of the company’s stock worth $33,197,000 after acquiring an additional 1,946,322 shares during the period. Assetmark Inc. bought a new position in shares of Newmark Group in the third quarter worth $93,000. Finally, Victory Capital Management Inc. increased its holdings in shares of Newmark Group by 7.1% during the third quarter. Victory Capital Management Inc. now owns 106,138 shares of the company’s stock valued at $1,648,000 after purchasing an additional 7,005 shares during the period. 58.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group began coverage on shares of Newmark Group in a report on Friday, December 6th. They issued a “buy” rating and a $19.00 price objective for the company. Wolfe Research cut shares of Newmark Group from an “outperform” rating to a “peer perform” rating in a report on Monday, November 25th.

Newmark Group Trading Up 2.4 %

Shares of NMRK stock opened at $14.67 on Friday. The stock has a 50-day simple moving average of $13.52 and a 200 day simple moving average of $14.28. The stock has a market capitalization of $2.51 billion, a P/E ratio of 41.92 and a beta of 1.99. Newmark Group, Inc. has a fifty-two week low of $9.44 and a fifty-two week high of $16.10. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.07. The company had revenue of $888.30 million during the quarter, compared to analyst estimates of $790.76 million. Newmark Group had a net margin of 2.22% and a return on equity of 20.74%. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. On average, sell-side analysts expect that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.03 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.12 annualized dividend and a yield of 0.82%. Newmark Group’s dividend payout ratio (DPR) is 34.29%.

Newmark Group 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.