KDK Private Wealth Management LLC Takes $769,000 Position in Newmark Group, Inc. (NASDAQ:NMRK)

KDK Private Wealth Management LLC acquired a new position in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 60,000 shares of the company's stock, valued at approximately $769,000. Newmark Group comprises 0.8% of KDK Private Wealth Management LLC's investment portfolio, making the stock its 25th biggest holding.

A number of other large investors also recently modified their holdings of NMRK. Rhumbline Advisers grew its stake in shares of Newmark Group by 0.5% during the 4th quarter. Rhumbline Advisers now owns 237,015 shares of the company's stock worth $3,036,000 after acquiring an additional 1,201 shares during the period. Meeder Asset Management Inc. boosted its stake in Newmark Group by 19.1% in the 4th quarter. Meeder Asset Management Inc. now owns 15,620 shares of the company's stock worth $200,000 after purchasing an additional 2,504 shares during the period. Assetmark Inc. lifted its position in Newmark Group by 43.5% during the fourth 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 last quarter. Sei Investments Co. lifted its holdings in shares of Newmark Group by 2.5% in the 4th quarter. Sei Investments Co. now owns 120,691 shares of the company's stock worth $1,546,000 after acquiring an additional 2,976 shares during the last quarter. Finally, Oliver Luxxe Assets LLC boosted its holdings in shares of Newmark Group by 3.4% during the fourth quarter. Oliver Luxxe Assets LLC now owns 101,743 shares of the company's stock worth $1,303,000 after purchasing an additional 3,353 shares during the period. Institutional investors own 58.42% of the company's stock.

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Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group dropped their price target on 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 Price Performance

Shares of NMRK stock traded down $0.19 during mid-day trading on Tuesday, hitting $10.52. The company had a trading volume of 829,057 shares, compared to its average volume of 1,128,430. The company has a market capitalization of $1.90 billion, a P/E ratio of 30.06 and a beta of 1.69. The stock's 50 day moving average price is $12.81 and its 200-day moving average price is $13.81. Newmark Group, Inc. has a 52-week low of $9.44 and a 52-week 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.

Newmark Group (NASDAQ:NMRK - Get Free Report) last released 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 firm had revenue of $888.30 million for the quarter, compared to the consensus estimate of $790.76 million. During the same quarter in the previous year, the company posted $0.46 EPS. The company's revenue for the quarter was up 18.9% compared to the same quarter last year. Equities research analysts forecast that Newmark Group, Inc. will post 1.45 earnings per share for the current year.

Newmark Group Announces Dividend

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

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.