Quantbot Technologies LP Purchases Shares of 46,382 Newmark Group, Inc. (NASDAQ:NMRK)

Quantbot Technologies LP 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 Form 13F filing with the Securities and Exchange Commission. The fund purchased 46,382 shares of the company's stock, valued at approximately $594,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC boosted its position in Newmark Group by 5.7% during 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 in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Newmark Group by 13.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,223,807 shares of the company's stock worth $19,006,000 after buying an additional 143,251 shares during the last quarter. Barclays PLC boosted its position in shares of Newmark Group by 352.8% in the 3rd quarter. Barclays PLC now owns 227,099 shares of the company's stock worth $3,526,000 after buying an additional 176,947 shares in the last quarter. Captrust Financial Advisors acquired a new stake in Newmark Group in the 3rd quarter valued at about $835,000. Finally, Assetmark Inc. grew its stake in Newmark Group by 43.5% in the 4th quarter. Assetmark Inc. now owns 8,585 shares of the company's stock valued at $110,000 after acquiring an additional 2,602 shares during the last quarter. Institutional investors and hedge funds own 58.42% of the company's stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group reduced 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.

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Newmark Group Price Performance

Shares of NASDAQ:NMRK traded down $0.06 on Tuesday, hitting $12.11. The company had a trading volume of 1,202,711 shares, compared to its average volume of 1,110,030. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52. The company has a market cap of $2.19 billion, a PE ratio of 34.60 and a beta of 1.96. Newmark Group, Inc. has a 52-week low of $9.44 and a 52-week high of $16.10. The business has a 50 day moving average of $13.50 and a 200 day moving average of $14.15.

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

Newmark Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.03 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.12 annualized dividend and a yield of 0.99%. 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.