Marshall Wace LLP Buys Shares of 168,063 Newmark Group, Inc. (NASDAQ:NMRK)

Marshall Wace LLP purchased a new position in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 168,063 shares of the company's stock, valued at approximately $2,153,000. Marshall Wace LLP owned about 0.10% of Newmark Group at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NMRK. Vanguard Group Inc. lifted its position in Newmark Group by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 21,114,662 shares of the company's stock valued at $270,479,000 after purchasing an additional 83,094 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Newmark Group by 44.9% in the fourth quarter. Principal Financial Group Inc. now owns 3,098,429 shares of the company's stock worth $39,691,000 after buying an additional 960,799 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Newmark Group by 103.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,948,511 shares of the company's stock valued at $37,770,000 after buying an additional 1,502,372 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Newmark Group by 5.1% during the 4th quarter. American Century Companies Inc. now owns 1,541,854 shares of the company's stock valued at $19,751,000 after acquiring an additional 75,502 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Newmark Group by 13.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,388,913 shares of the company's stock worth $17,792,000 after acquiring an additional 165,106 shares in the last quarter. Institutional investors own 58.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NMRK shares. Keefe, Bruyette & Woods lowered their price target on shares of Newmark Group from $18.00 to $14.50 and set an "outperform" rating on the stock in a report on Thursday, April 17th. The Goldman Sachs Group lowered 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 note on Wednesday, March 19th.

Newmark Group Trading Down 0.6 %

NMRK stock opened at $11.13 on Monday. 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, Inc. has a 1-year low of $9.51 and a 1-year high of $16.10. The business has a 50 day simple moving average of $12.18 and a two-hundred day simple moving average of $13.52. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 31.80 and a beta of 1.69.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its earnings results on Friday, February 14th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.07. The firm had revenue of $888.30 million during 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%. Newmark Group's revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. Research analysts anticipate that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.03 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.08%. Newmark Group's dividend payout ratio is currently 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.

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