OneDigital Investment Advisors LLC Purchases New Stake in Newmark Group, Inc. (NASDAQ:NMRK)

OneDigital Investment Advisors LLC bought a new position in Newmark Group, Inc. (NASDAQ:NMRK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,481 shares of the company’s stock, valued at approximately $178,000.

A number of other institutional investors have also modified their holdings of the stock. Victory Capital Management Inc. increased its holdings in Newmark Group by 7.1% in the third quarter. Victory Capital Management Inc. now owns 106,138 shares of the company’s stock valued at $1,648,000 after buying an additional 7,005 shares during the last quarter. Assetmark Inc. acquired a new position in shares of Newmark Group in the 3rd quarter worth approximately $93,000. Principal Financial Group Inc. increased its holdings in shares of Newmark Group by 1,017.4% in the 3rd quarter. Principal Financial Group Inc. now owns 2,137,630 shares of the company’s stock valued at $33,197,000 after acquiring an additional 1,946,322 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Newmark Group by 249.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 16,484 shares of the company’s stock valued at $254,000 after acquiring an additional 11,765 shares in the last quarter. Finally, CWC Advisors LLC. bought a new position in Newmark Group during the third quarter worth $301,000. Institutional investors and hedge funds own 58.42% of the company’s stock.

Newmark Group Price Performance

Shares of NASDAQ NMRK opened at $15.28 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market capitalization of $2.61 billion, a PE ratio of 50.93 and a beta of 2.01. Newmark Group, Inc. has a 1-year low of $7.72 and a 1-year high of $16.10. The business’s fifty day moving average price is $15.11 and its two-hundred day moving average price is $12.78.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Newmark Group had a net margin of 2.00% and a return on equity of 18.95%. The business had revenue of $685.90 million for the quarter, compared to analysts’ expectations of $682.07 million. During the same quarter last year, the company earned $0.27 EPS. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, research analysts expect that Newmark Group, Inc. will post 1.15 EPS for the current year.

Newmark Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Thursday, November 21st. Newmark Group’s dividend payout ratio (DPR) is 40.00%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NMRK shares. Piper Sandler increased their target price 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. Wolfe Research raised shares of Newmark Group from a “peer perform” rating to an “outperform” rating and set a $15.00 price objective for the company in a research report on Friday, August 16th. Finally, Keefe, Bruyette & Woods raised shares of Newmark Group from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $13.50 to $16.50 in a report on Thursday, September 5th.

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.