Asset Management One Co. Ltd. Acquires 4,019 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Asset Management One Co. Ltd. boosted its holdings in Newmark Group, Inc. (NASDAQ:NMRK) by 32.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,473 shares of the company’s stock after buying an additional 4,019 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Newmark Group were worth $211,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NMRK. Assetmark Inc. bought a new position in Newmark Group during the 3rd quarter worth approximately $93,000. SG Americas Securities LLC bought a new position in Newmark Group during the 3rd quarter worth approximately $112,000. Blue Trust Inc. raised its holdings in Newmark Group by 408.2% during the 3rd quarter. Blue Trust Inc. now owns 9,401 shares of the company’s stock worth $146,000 after purchasing an additional 7,551 shares during the last quarter. Highland Capital Management LLC bought a new position in Newmark Group during the 4th quarter worth approximately $135,000. Finally, OneDigital Investment Advisors LLC bought a new position in Newmark Group during the 3rd quarter worth approximately $178,000. Institutional investors own 58.42% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on NMRK. The Goldman Sachs Group began 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. Wolfe Research downgraded shares of Newmark Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 25th.

Newmark Group Trading Down 0.6 %

Shares of Newmark Group stock opened at $14.43 on Friday. Newmark Group, Inc. has a 52-week low of $9.44 and a 52-week high of $16.10. The stock’s 50-day simple moving average is $13.46 and its 200 day simple moving average is $14.18. The stock has a market capitalization of $2.47 billion, a P/E ratio of 41.23 and a beta of 1.99. 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 (NASDAQ:NMRK) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The business had revenue of $888.30 million for the quarter, compared to analysts’ expectations of $790.76 million. During the same period in the previous year, the business posted $0.46 EPS. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. As a group, research analysts anticipate that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Monday, March 3rd. Newmark Group’s payout ratio is 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.