Newmark Group, Inc. (NASDAQ:NMRK) Stake Increased by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,114,662 shares of the company’s stock after acquiring an additional 83,094 shares during the quarter. Vanguard Group Inc. owned approximately 12.34% of Newmark Group worth $270,479,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NMRK. Assetmark Inc. lifted its position in shares of Newmark Group by 43.5% during the fourth quarter. Assetmark Inc. now owns 8,585 shares of the company’s stock worth $110,000 after purchasing an additional 2,602 shares during the last quarter. Highland Capital Management LLC acquired a new stake in Newmark Group during the fourth quarter valued at approximately $135,000. Cibc World Markets Corp bought a new position in Newmark Group during the 4th quarter worth approximately $158,000. Coldstream Capital Management Inc. acquired a new position in shares of Newmark Group in the 3rd quarter worth approximately $181,000. Finally, LPL Financial LLC bought a new stake in shares of Newmark Group in the 4th quarter valued at approximately $184,000. 58.42% of the stock is owned by institutional investors and hedge funds.

Newmark Group Stock Performance

Shares of NMRK stock opened at $10.71 on Friday. The company has a market cap of $1.93 billion, a P/E ratio of 30.60 and a beta of 1.69. The business has a 50 day moving average of $13.36 and a two-hundred day moving average of $14.09. Newmark Group, Inc. has a 52 week low of $9.44 and a 52 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 announced its quarterly earnings results on Friday, February 14th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.07. The business had revenue of $888.30 million for the quarter, compared to the consensus estimate of $790.76 million. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The business’s revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. As a group, analysts anticipate that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.03 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.12%. Newmark Group’s dividend payout ratio (DPR) is presently 34.29%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group reduced their price objective on 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 Company 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.