O Shaughnessy Asset Management LLC Takes $1.10 Million Position in Newmark Group, Inc. (NASDAQ:NMRK)

O Shaughnessy Asset Management LLC bought a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 86,115 shares of the company's stock, valued at approximately $1,103,000. O Shaughnessy Asset Management LLC owned 0.05% of Newmark Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NMRK. Vanguard Group Inc. increased its position in shares of Newmark Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 21,114,662 shares of the company's stock valued at $270,479,000 after acquiring an additional 83,094 shares during the period. Geode Capital Management LLC increased its holdings in Newmark Group by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,554,867 shares of the company's stock valued at $55,216,000 after purchasing an additional 190,974 shares during the period. State Street Corp raised its position in Newmark Group by 7.8% during the 3rd quarter. State Street Corp now owns 3,426,682 shares of the company's stock valued at $53,216,000 after purchasing an additional 247,433 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Newmark Group by 44.9% in the 4th quarter. Principal Financial Group Inc. now owns 3,098,429 shares of the company's stock worth $39,691,000 after buying an additional 960,799 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Newmark Group by 103.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,948,511 shares of the company's stock worth $37,770,000 after buying an additional 1,502,372 shares during the last quarter. 58.42% of the stock is currently owned by institutional investors.

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Newmark Group Stock Down 0.2 %

NMRK traded down $0.02 on Friday, hitting $10.31. The company had a trading volume of 804,426 shares, compared to its average volume of 1,126,581. The stock has a fifty day simple moving average of $12.88 and a 200-day simple moving average of $13.86. 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 $1.86 billion, a P/E ratio of 29.46 and a beta of 1.69. Newmark Group, Inc. has a 52-week low of $9.44 and a 52-week high of $16.10.

Newmark Group (NASDAQ:NMRK - Get Free Report) last released its earnings results on Friday, February 14th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.07. The company had revenue of $888.30 million during the quarter, compared to analysts' expectations of $790.76 million. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The firm's revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. As a group, equities analysts expect that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Monday, March 3rd. Newmark Group's dividend payout ratio is 34.29%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group decreased their target price on Newmark Group from $19.50 to $17.00 and set a "buy" rating for the company in a report on Wednesday, March 19th.

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.