Sei Investments Co. Sells 10,927 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Sei Investments Co. lessened its holdings in Newmark Group, Inc. (NASDAQ:NMRK) by 4.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,743 shares of the company’s stock after selling 10,927 shares during the quarter. Sei Investments Co. owned approximately 0.12% of Newmark Group worth $2,156,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Newmark Group by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 20,474,932 shares of the company’s stock valued at $227,067,000 after buying an additional 702,233 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Newmark Group by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,686,191 shares of the company’s stock valued at $68,399,000 after buying an additional 480,047 shares during the last quarter. Paulson & CO. Inc. raised its holdings in Newmark Group by 133.5% in the 4th quarter. Paulson & CO. Inc. now owns 3,000,000 shares of the company’s stock valued at $32,880,000 after buying an additional 1,715,375 shares during the last quarter. Leeward Investments LLC MA raised its holdings in Newmark Group by 5.6% in the 2nd quarter. Leeward Investments LLC MA now owns 1,907,574 shares of the company’s stock valued at $19,514,000 after buying an additional 101,426 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in Newmark Group by 4.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 1,311,813 shares of the company’s stock valued at $14,377,000 after buying an additional 54,909 shares during the last quarter. Institutional investors own 58.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NMRK. Wolfe Research upgraded shares of Newmark Group from a “peer perform” rating to an “outperform” rating and set a $15.00 price target for the company in a report on Friday, August 16th. Keefe, Bruyette & Woods upgraded shares of Newmark Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $13.50 to $16.50 in a report on Thursday, September 5th. Finally, Piper Sandler raised their price target on shares of Newmark Group from $13.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd.

Newmark Group Stock Down 4.8 %

Newmark Group stock opened at $14.94 on Friday. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 67.91 and a beta of 2.01. Newmark Group, Inc. has a 52-week low of $5.09 and a 52-week high of $16.10. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a 50 day moving average price of $13.85 and a two-hundred day moving average price of $11.65.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. The company had revenue of $633.40 million during the quarter, compared to the consensus estimate of $630.27 million. Newmark Group had a net margin of 1.75% and a return on equity of 17.78%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. Equities analysts predict that Newmark Group, Inc. will post 1.15 EPS for the current year.

Newmark Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Friday, August 16th. Newmark Group’s dividend payout ratio (DPR) is 54.55%.

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.