373,532 Shares in Newmark Group, Inc. (NASDAQ:NMRK) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 373,532 shares of the company's stock, valued at approximately $4,785,000. Raymond James Financial Inc. owned 0.22% of Newmark Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Newmark Group by 5.7% during 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 in the last quarter. Algert Global LLC boosted its position in Newmark Group by 64.3% during the third quarter. Algert Global LLC now owns 238,138 shares of the company's stock worth $3,698,000 after purchasing an additional 93,160 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Newmark Group by 13.3% in the third quarter. JPMorgan Chase & Co. now owns 1,223,807 shares of the company's stock valued at $19,006,000 after purchasing an additional 143,251 shares during the period. Barclays PLC increased its position in shares of Newmark Group by 352.8% in the third quarter. Barclays PLC now owns 227,099 shares of the company's stock valued at $3,526,000 after buying an additional 176,947 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new position in shares of Newmark Group during the 3rd quarter worth approximately $835,000. Hedge funds and other institutional investors own 58.42% of the company's stock.

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Analyst Ratings Changes

Separately, The Goldman Sachs Group dropped their price target on shares of Newmark Group from $19.50 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th.

Newmark Group Price Performance

Shares of Newmark Group stock traded down $0.37 during mid-day trading on Friday, reaching $12.11. 895,832 shares of the stock traded hands, compared to its average volume of 1,108,775. The stock has a market capitalization of $2.19 billion, a PE ratio of 34.60 and a beta of 1.96. The business has a 50-day moving average of $13.56 and a 200 day moving average of $14.19. Newmark Group, Inc. has a fifty-two week low of $9.44 and a fifty-two week high of $16.10. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52.

Newmark Group (NASDAQ:NMRK - Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.48 by $0.07. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The firm had revenue of $888.30 million during the quarter, compared to the consensus estimate of $790.76 million. During the same period in the prior year, the company earned $0.46 EPS. The firm's revenue was up 18.9% compared to the same quarter last year. On average, analysts predict that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.03 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.12 dividend on an annualized basis and a yield of 0.99%. Newmark Group's payout ratio is 34.29%.

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.