American Century Companies Inc. Has $19.75 Million Holdings in Newmark Group, Inc. (NASDAQ:NMRK)

American Century Companies Inc. increased its holdings in Newmark Group, Inc. (NASDAQ:NMRK) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,541,854 shares of the company’s stock after buying an additional 75,502 shares during the period. American Century Companies Inc. owned 0.90% of Newmark Group worth $19,751,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Assetmark Inc. raised its holdings in Newmark Group by 43.5% in the 4th quarter. Assetmark Inc. now owns 8,585 shares of the company’s stock valued at $110,000 after acquiring an additional 2,602 shares in the last quarter. Highland Capital Management LLC bought a new stake in Newmark Group during the fourth quarter worth about $135,000. Cibc World Markets Corp acquired a new stake in Newmark Group during the fourth quarter worth about $158,000. Coldstream Capital Management Inc. bought a new position in Newmark Group in the 3rd quarter valued at about $181,000. Finally, Asset Management One Co. Ltd. raised its position in shares of Newmark Group by 32.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 16,473 shares of the company’s stock valued at $211,000 after buying an additional 4,019 shares in the last quarter. 58.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group decreased their price objective on shares of Newmark Group from $19.50 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th.

Newmark Group Stock Down 3.0 %

Shares of NASDAQ NMRK opened at $12.11 on Monday. The stock has a 50-day moving average price of $13.56 and a two-hundred day moving average price of $14.19. Newmark Group, Inc. has a 12 month low of $9.44 and a 12 month high of $16.10. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 34.60 and a beta of 1.96.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings data on Friday, February 14th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. The business had revenue of $888.30 million during the quarter, compared to analysts’ expectations of $790.76 million. Newmark Group had a net margin of 2.22% and a return on equity of 20.74%. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 EPS. As a group, analysts forecast that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.03 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.12 dividend on an annualized basis and a yield of 0.99%. Newmark Group’s payout ratio is presently 34.29%.

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.