Swiss National Bank Trims Stock Holdings in Newmark Group, Inc. (NASDAQ:NMRK)

Swiss National Bank reduced its stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 277,707 shares of the company’s stock after selling 2,700 shares during the period. Swiss National Bank owned 0.16% of Newmark Group worth $3,557,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Rhumbline Advisers lifted its holdings in Newmark Group by 0.5% during the fourth quarter. Rhumbline Advisers now owns 237,015 shares of the company’s stock valued at $3,036,000 after purchasing an additional 1,201 shares in the last quarter. Assetmark Inc. raised its position in shares of Newmark Group by 43.5% during the 4th quarter. Assetmark Inc. now owns 8,585 shares of the company’s stock valued at $110,000 after purchasing an additional 2,602 shares during the period. Oliver Luxxe Assets LLC lifted its stake in shares of Newmark Group by 3.4% during the 4th quarter. Oliver Luxxe Assets LLC now owns 101,743 shares of the company’s stock valued at $1,303,000 after buying an additional 3,353 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in Newmark Group by 32.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 16,473 shares of the company’s stock worth $211,000 after buying an additional 4,019 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in Newmark Group by 8.9% in the 4th quarter. Handelsbanken Fonder AB now owns 50,017 shares of the company’s stock worth $641,000 after buying an additional 4,100 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 lowered their price objective on Newmark Group from $19.50 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th.

Newmark Group Price Performance

NMRK stock opened at $12.62 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42. The company’s fifty day moving average price is $13.60 and its 200-day moving average price is $14.22. Newmark Group, Inc. has a one year low of $9.44 and a one year high of $16.10. The company has a market capitalization of $2.28 billion, a PE ratio of 36.06 and a beta of 1.96.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results on Friday, February 14th. The company reported $0.55 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 analysts’ expectations of $790.76 million. Newmark Group had a net margin of 2.22% and a return on equity of 20.74%. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 EPS. On average, equities analysts anticipate that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.95%. The ex-dividend date was Monday, March 3rd. Newmark Group’s dividend 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.