Newmark Group, Inc. (NASDAQ:NMRK) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its stake in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 5.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,541,854 shares of the company's stock after purchasing an additional 75,502 shares during the period. American Century Companies Inc. owned approximately 0.90% of Newmark Group worth $19,751,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its position in shares of Newmark Group by 0.5% during the fourth quarter. Rhumbline Advisers now owns 237,015 shares of the company's stock worth $3,036,000 after buying an additional 1,201 shares during the period. Assetmark Inc. lifted its stake in Newmark Group by 43.5% during the 4th quarter. Assetmark Inc. now owns 8,585 shares of the company's stock worth $110,000 after acquiring an additional 2,602 shares in the last quarter. Oliver Luxxe Assets LLC boosted its holdings in Newmark Group by 3.4% during the 4th quarter. Oliver Luxxe Assets LLC now owns 101,743 shares of the company's stock valued at $1,303,000 after acquiring an additional 3,353 shares during the period. Asset Management One Co. Ltd. grew its position in Newmark Group by 32.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 16,473 shares of the company's stock valued at $211,000 after acquiring an additional 4,019 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its stake in Newmark Group by 8.9% during the fourth quarter. Handelsbanken Fonder AB now owns 50,017 shares of the company's stock worth $641,000 after purchasing an additional 4,100 shares during the period. Institutional investors and hedge funds own 58.42% of the company's stock.

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Analysts Set New Price Targets

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

Newmark Group Stock Down 8.7 %

NASDAQ:NMRK traded down $1.08 during midday trading on Thursday, reaching $11.27. The company had a trading volume of 1,940,245 shares, compared to its average volume of 1,115,436. The stock's fifty day simple moving average is $13.42 and its 200-day simple moving average is $14.12. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52. Newmark Group, Inc. has a 12-month low of $9.44 and a 12-month high of $16.10. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 32.20 and a beta of 1.96.

Newmark Group (NASDAQ:NMRK - Get Free Report) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.55 earnings per share (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 business had revenue of $888.30 million during the quarter, compared to analysts' expectations of $790.76 million. During the same quarter last year, the business posted $0.46 EPS. The business's quarterly revenue was up 18.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 dividend yield of 1.06%. Newmark Group's payout ratio is 34.29%.

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.