Newmark Group, Inc. (NASDAQ:NMRK) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Newmark Group, Inc. (NASDAQ:NMRK) by 9.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 265,296 shares of the company’s stock after selling 27,757 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of Newmark Group worth $4,120,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NMRK. Dimensional Fund Advisors LP increased its holdings in Newmark Group by 7.7% in the second 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. Charles Schwab Investment Management Inc. increased its holdings in shares of Newmark Group by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,152,232 shares of the company’s stock valued at $33,424,000 after acquiring an additional 85,728 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Newmark Group by 1,017.4% during 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 in the last quarter. Leeward Investments LLC MA lifted its stake in Newmark Group by 5.6% during the second quarter. Leeward Investments LLC MA now owns 1,907,574 shares of the company’s stock worth $19,514,000 after purchasing an additional 101,426 shares during the last quarter. Finally, Vision Capital Corp acquired a new position in Newmark Group in the third quarter worth $17,203,000. Institutional investors and hedge funds own 58.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NMRK shares. The Goldman Sachs Group started coverage on shares of Newmark Group in a report on Friday, December 6th. They set a “buy” rating and a $19.00 target price on the stock. 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. Piper Sandler lifted their target price on Newmark Group from $13.00 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Finally, Wolfe Research cut Newmark Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 25th.

Newmark Group Trading Down 1.5 %

Shares of NASDAQ:NMRK opened at $14.86 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average price is $15.08 and its 200 day moving average price is $13.25. The company has a market cap of $2.54 billion, a PE ratio of 49.53 and a beta of 1.96. Newmark Group, Inc. has a fifty-two week low of $8.65 and a fifty-two week high of $16.10.

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

Newmark Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Thursday, November 21st. Newmark Group’s payout ratio is currently 40.00%.

Newmark Group 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.