Newmark Group, Inc. (NASDAQ:NMRK) Holdings Raised by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in Newmark Group, Inc. (NASDAQ:NMRKFree Report) by 540.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 46,289 shares of the company’s stock after acquiring an additional 39,062 shares during the quarter. SG Americas Securities LLC’s holdings in Newmark Group were worth $593,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Newmark Group by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,554,867 shares of the company’s stock worth $55,216,000 after acquiring an additional 190,974 shares during the period. State Street Corp lifted its position in Newmark Group by 7.8% in the third quarter. State Street Corp now owns 3,426,682 shares of the company’s stock worth $53,216,000 after purchasing an additional 247,433 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Newmark Group by 4.1% during 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 purchasing an additional 85,728 shares in the last quarter. Principal Financial Group Inc. increased 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 purchasing an additional 1,946,322 shares during the period. Finally, Systematic Financial Management LP raised its stake in shares of Newmark Group by 53.1% in the 3rd quarter. Systematic Financial Management LP now owns 1,421,985 shares of the company’s stock worth $22,083,000 after buying an additional 493,050 shares in the last quarter. Institutional investors and hedge funds own 58.42% of the company’s stock.

Newmark Group Price Performance

NASDAQ NMRK opened at $14.09 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52. The company has a market cap of $2.41 billion, a PE ratio of 46.97 and a beta of 1.99. Newmark Group, Inc. has a 1 year low of $9.44 and a 1 year high of $16.10. The stock’s 50-day moving average price is $13.85 and its two-hundred day moving average price is $13.98.

Newmark Group (NASDAQ:NMRKGet Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.33 earnings per share (EPS) for the quarter, beating 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 company had revenue of $685.90 million during the quarter, compared to analyst estimates of $682.07 million. During the same quarter last year, the business posted $0.27 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts predict that Newmark Group, Inc. will post 1.15 EPS for the current year.

Newmark Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Thursday, November 21st. Newmark Group’s payout ratio is currently 40.00%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. The Goldman Sachs Group began coverage on Newmark Group in a report on Friday, December 6th. They set a “buy” rating and a $19.00 target price on the stock. Wolfe Research cut shares of Newmark Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 25th.

Read Our Latest Report on Newmark Group

Newmark Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Newmark Group (NASDAQ:NMRK)

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