Invesco Ltd. Sells 37,644 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Invesco Ltd. trimmed its holdings in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,909,634 shares of the company's stock after selling 37,644 shares during the period. Invesco Ltd. owned 1.12% of Newmark Group worth $24,462,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Newmark Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 21,114,662 shares of the company's stock worth $270,479,000 after purchasing an additional 83,094 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Newmark Group by 5.7% in the third quarter. Geode Capital Management LLC now owns 3,554,867 shares of the company's stock valued at $55,216,000 after acquiring an additional 190,974 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Newmark Group by 44.9% during the fourth quarter. Principal Financial Group Inc. now owns 3,098,429 shares of the company's stock worth $39,691,000 after purchasing an additional 960,799 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Newmark Group by 103.9% in the fourth 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. Finally, American Century Companies Inc. lifted its position in Newmark Group by 5.1% during the 4th quarter. American Century Companies Inc. now owns 1,541,854 shares of the company's stock worth $19,751,000 after buying an additional 75,502 shares in the last quarter. 58.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Newmark Group from $18.00 to $14.50 and set an "outperform" rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group reduced their price target on shares of Newmark Group from $19.50 to $17.00 and set a "buy" rating for the company in a report on Wednesday, March 19th.

Newmark Group Trading Up 3.5 %

Shares of Newmark Group stock traded up $0.38 on Thursday, reaching $11.21. 630,754 shares of the company's stock were exchanged, compared to its average volume of 1,139,386. The company has a market capitalization of $2.02 billion, a P/E ratio of 31.90 and a beta of 1.69. The firm's 50-day moving average is $12.32 and its two-hundred day moving average is $13.59. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42. Newmark Group, Inc. has a 52 week low of $9.45 and a 52 week high of $16.10.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its 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. 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 analyst estimates of $790.76 million. During the same period in the previous year, the company posted $0.46 earnings per share. The business's revenue was up 18.9% on a year-over-year basis. Sell-side analysts predict that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Announces Dividend

The business also recently declared 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 dividend yield of 1.07%. The ex-dividend date was Monday, March 3rd. Newmark Group's dividend 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.