Grantham Mayo Van Otterloo & Co. LLC Grows Position in Newmark Group, Inc. (NASDAQ:NMRK)

Grantham Mayo Van Otterloo & Co. LLC boosted its position in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 212.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,193 shares of the company's stock after purchasing an additional 36,859 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Newmark Group were worth $694,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NMRK. Geode Capital Management LLC grew 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 acquiring an additional 190,974 shares during the last quarter. JPMorgan Chase & Co. grew its position in Newmark Group by 13.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,223,807 shares of the company's stock valued at $19,006,000 after purchasing an additional 143,251 shares during the last quarter. Barclays PLC increased its stake in Newmark Group by 352.8% during the 3rd quarter. Barclays PLC now owns 227,099 shares of the company's stock valued at $3,526,000 after purchasing an additional 176,947 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Newmark Group in the third quarter worth approximately $835,000. Finally, Assetmark Inc. grew its holdings in shares of 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 buying an additional 2,602 shares during the last quarter. 58.42% of the stock is owned by hedge funds and other institutional investors.

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Newmark Group Stock Performance

Shares of NMRK stock traded up $0.28 during mid-day trading on Monday, reaching $10.59. 101,905 shares of the company's stock traded hands, compared to its average volume of 1,021,095. The firm has a 50 day moving average price of $12.88 and a two-hundred day moving average price of $13.84. Newmark Group, Inc. has a 12 month low of $9.44 and a 12 month high of $16.10. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market capitalization of $1.91 billion, a PE ratio of 30.26 and a beta of 1.69.

Newmark Group (NASDAQ:NMRK - Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.07. The firm had revenue of $888.30 million for the quarter, compared to analysts' expectations of $790.76 million. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. During the same period in the previous year, the firm earned $0.46 EPS. The business's quarterly revenue was up 18.9% on a year-over-year basis. On average, research analysts forecast that Newmark Group, Inc. will post 1.45 EPS 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 issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Monday, March 3rd. Newmark Group's dividend payout ratio (DPR) is presently 34.29%.

Analyst Upgrades and Downgrades

Separately, 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 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.