Newmark Group, Inc. (NASDAQ:NMRK) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its holdings in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 103.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,948,511 shares of the company's stock after purchasing an additional 1,502,372 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.72% of Newmark Group worth $37,770,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its position in Newmark Group by 43.5% during the 4th quarter. Assetmark Inc. now owns 8,585 shares of the company's stock valued at $110,000 after purchasing an additional 2,602 shares during the period. Highland Capital Management LLC acquired a new position in shares of Newmark Group during the fourth quarter valued at $135,000. Cibc World Markets Corp acquired a new position in shares of Newmark Group during the fourth quarter valued at $158,000. Coldstream Capital Management Inc. bought a new position in shares of Newmark Group during the third quarter worth about $181,000. Finally, LPL Financial LLC acquired a new stake in shares of Newmark Group in the 4th quarter worth about $184,000. Institutional investors own 58.42% of the company's stock.

Analyst Ratings Changes

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

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Newmark Group Price Performance

Shares of Newmark Group stock traded down $0.12 on Monday, hitting $10.59. The company had a trading volume of 2,026,092 shares, compared to its average volume of 1,122,501. Newmark Group, Inc. has a 52 week low of $9.44 and a 52 week high of $16.10. The company has a market cap of $1.91 billion, a PE ratio of 30.26 and a beta of 1.69. The business has a 50-day simple moving average of $13.29 and a 200-day simple moving average of $14.04. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42.

Newmark Group (NASDAQ:NMRK - Get Free Report) last announced its earnings results on Friday, February 14th. The company reported $0.55 earnings per share 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 earnings per share. The company's quarterly revenue was up 18.9% on a year-over-year basis. Research 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. Investors 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 1.13%. Newmark Group's payout ratio is currently 34.29%.

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.