Allspring Global Investments Holdings LLC Has $516,000 Stock Position in Newmark Group, Inc. (NASDAQ:NMRK)

Allspring Global Investments Holdings LLC trimmed its stake in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 66.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,299 shares of the company's stock after selling 80,236 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Newmark Group were worth $516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in NMRK. Oliver Luxxe Assets LLC lifted its position in Newmark Group by 3.4% in the 4th quarter. Oliver Luxxe Assets LLC now owns 101,743 shares of the company's stock worth $1,303,000 after buying an additional 3,353 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Newmark Group by 6.7% during the third quarter. The Manufacturers Life Insurance Company now owns 76,602 shares of the company's stock worth $1,190,000 after acquiring an additional 4,834 shares in the last quarter. Robertson Stephens Wealth Management LLC raised its holdings in shares of Newmark Group by 1.7% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 319,185 shares of the company's stock worth $4,089,000 after acquiring an additional 5,186 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in Newmark Group by 1.7% during the third quarter. Segall Bryant & Hamill LLC now owns 321,104 shares of the company's stock valued at $4,987,000 after purchasing an additional 5,501 shares during the last quarter. Finally, Creative Planning grew its stake in Newmark Group by 15.0% in the third quarter. Creative Planning now owns 45,308 shares of the company's stock valued at $704,000 after purchasing an additional 5,915 shares in the last quarter. 58.42% of the stock is currently owned by institutional investors and hedge funds.

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Newmark Group Stock Up 2.4 %

Shares of NMRK traded up $0.35 during trading hours on Friday, hitting $14.67. 1,105,325 shares of the company were exchanged, compared to its average volume of 937,247. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market cap of $2.51 billion, a PE ratio of 41.92 and a beta of 1.99. The firm's 50 day moving average is $13.49 and its 200-day moving average is $14.25. 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 announced its earnings results on Friday, February 14th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $790.76 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The company's revenue was up 18.9% on a year-over-year basis. On average, equities research analysts forecast that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.03 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.12 annualized dividend and a yield of 0.82%. Newmark Group's dividend payout ratio (DPR) is presently 34.29%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NMRK shares. The Goldman Sachs Group began coverage on Newmark Group in a research note on Friday, December 6th. They set a "buy" rating and a $19.00 price target for the company. Wolfe Research cut shares of Newmark Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, November 25th.

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.