ExodusPoint Capital Management LP Purchases Shares of 170,909 Newmark Group, Inc. (NASDAQ:NMRK)

ExodusPoint Capital Management LP purchased a new stake in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 170,909 shares of the company's stock, valued at approximately $2,189,000. ExodusPoint Capital Management LP owned 0.10% of Newmark Group as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its holdings in 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 purchasing an additional 4,834 shares during the last quarter. Captrust Financial Advisors bought a new stake in Newmark Group in the 3rd quarter valued at $835,000. State Street Corp grew its stake in shares of Newmark Group by 7.8% in the third quarter. State Street Corp now owns 3,426,682 shares of the company's stock valued at $53,216,000 after acquiring an additional 247,433 shares in the last quarter. Jane Street Group LLC grew its position in shares of Newmark Group by 8.4% during the 3rd quarter. Jane Street Group LLC now owns 140,001 shares of the company's stock worth $2,174,000 after purchasing an additional 10,796 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Newmark Group in the 3rd quarter valued at $390,000. Institutional investors own 58.42% of the company's stock.

Newmark Group Stock Performance

Shares of NASDAQ:NMRK traded up $0.24 during midday trading on Monday, reaching $10.55. The company had a trading volume of 69,791 shares, compared to its average volume of 1,124,890. The stock has a market cap of $1.90 billion, a P/E ratio of 30.14 and a beta of 1.69. The company's 50 day moving average price is $12.88 and its 200 day moving average price is $13.84. 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 52-week low of $9.44 and a 52-week high of $16.10.

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Newmark Group (NASDAQ:NMRK - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $888.30 million for the quarter, compared to analyst estimates of $790.76 million. Newmark Group had a net margin of 2.22% and a return on equity of 20.74%. The company's quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 earnings per share. As a group, sell-side analysts anticipate that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Monday, March 3rd. Newmark Group's payout ratio is 34.29%.

Wall Street Analyst Weigh In

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

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.