Vanguard Group Inc. Boosts Holdings in Newmark Group, Inc. (NASDAQ:NMRK)

Vanguard Group Inc. lifted its stake in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 0.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,114,662 shares of the company's stock after purchasing an additional 83,094 shares during the quarter. Vanguard Group Inc. owned about 12.34% of Newmark Group worth $270,479,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NMRK. Principal Financial Group Inc. increased its position in shares of Newmark Group by 1,017.4% in the 3rd quarter. Principal Financial Group Inc. now owns 2,137,630 shares of the company's stock valued at $33,197,000 after acquiring an additional 1,946,322 shares during the period. Raymond James Financial Inc. purchased a new stake in Newmark Group during the 4th quarter valued at about $4,785,000. State Street Corp increased its holdings 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 purchasing an additional 247,433 shares during the period. 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 worth $55,216,000 after purchasing an additional 190,974 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Newmark Group by 352.8% during the third quarter. Barclays PLC now owns 227,099 shares of the company's stock worth $3,526,000 after purchasing an additional 176,947 shares during the period. 58.42% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

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

Newmark Group Stock Performance

Shares of NMRK traded up $0.81 during mid-day trading on Wednesday, reaching $11.05. The company had a trading volume of 1,690,588 shares, compared to its average volume of 1,127,414. The stock has a market capitalization of $1.99 billion, a P/E ratio of 31.57 and a beta of 1.69. Newmark Group, Inc. has a 52-week low of $9.44 and a 52-week high of $16.10. The stock has a 50 day moving average of $13.02 and a two-hundred day moving average of $13.93. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52.

Newmark Group (NASDAQ:NMRK - Get Free Report) last released its quarterly earnings data on Friday, February 14th. The company reported $0.55 EPS for the quarter, topping 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 business had revenue of $888.30 million for the quarter, compared to analyst estimates of $790.76 million. During the same quarter in the prior year, the firm posted $0.46 EPS. The business's quarterly revenue was up 18.9% compared to the same quarter last year. On average, analysts expect that Newmark Group, Inc. will post 1.45 earnings per share for the current year.

Newmark Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Monday, March 3rd. Newmark Group's 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.