Intech Investment Management LLC Invests $819,000 in Newmark Group, Inc. (NASDAQ:NMRK)

Intech Investment Management LLC bought a new stake in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 52,756 shares of the company's stock, valued at approximately $819,000.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of Newmark Group by 1,017.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,137,630 shares of the company's stock valued at $33,197,000 after purchasing an additional 1,946,322 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Newmark Group by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 20,474,932 shares of the company's stock worth $227,067,000 after acquiring an additional 702,233 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Newmark Group by 251.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 708,300 shares of the company's stock valued at $7,246,000 after acquiring an additional 506,510 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Newmark Group by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 6,686,191 shares of the company's stock worth $68,399,000 after purchasing an additional 480,047 shares during the period. Finally, Cubist Systematic Strategies LLC raised its position in shares of Newmark Group by 153.6% in the second quarter. Cubist Systematic Strategies LLC now owns 599,351 shares of the company's stock valued at $6,131,000 after purchasing an additional 363,032 shares during the period. 58.42% of the stock is owned by institutional investors.

Newmark Group Stock Performance

Shares of NASDAQ NMRK traded down $0.15 during mid-day trading on Friday, hitting $15.48. The company had a trading volume of 437,623 shares, compared to its average volume of 1,157,289. Newmark Group, Inc. has a 12 month low of $8.12 and a 12 month high of $16.10. 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 cap of $2.65 billion, a P/E ratio of 52.10 and a beta of 2.01. The business's 50-day simple moving average is $15.15 and its 200-day simple moving average is $12.93.

Newmark Group (NASDAQ:NMRK - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The company had revenue of $685.90 million during the quarter, compared to the consensus estimate of $682.07 million. Newmark Group had a return on equity of 18.95% and a net margin of 2.00%. The company's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. As a group, analysts predict that Newmark Group, Inc. will post 1.15 earnings per share for the current fiscal year.

Newmark Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Thursday, November 21st. Newmark Group's dividend payout ratio is 40.00%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NMRK shares. Wolfe Research lowered shares of Newmark Group from an "outperform" rating to a "peer perform" rating in a research report on Monday. Piper Sandler lifted their price target on Newmark Group from $13.00 to $17.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 3rd. Finally, Keefe, Bruyette & Woods upgraded shares of Newmark Group from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $13.50 to $16.50 in a research note on Thursday, September 5th.

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.