Segall Bryant & Hamill LLC Sells 24,734 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Segall Bryant & Hamill LLC cut its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 296,370 shares of the company's stock after selling 24,734 shares during the period. Segall Bryant & Hamill LLC owned about 0.17% of Newmark Group worth $3,796,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. 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 worth $110,000 after purchasing an additional 2,602 shares during the last quarter. Highland Capital Management LLC acquired a new position in Newmark Group during the 4th quarter valued at about $135,000. Cibc World Markets Corp acquired a new stake in Newmark Group during the 4th quarter worth $158,000. Coldstream Capital Management Inc. acquired a new stake in shares of Newmark Group during the third quarter worth $181,000. Finally, LPL Financial LLC bought a new stake in shares of Newmark Group in the 4th quarter valued at about $184,000. 58.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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Newmark Group Stock Down 0.5 %

Shares of NMRK stock traded down $0.06 on Tuesday, hitting $12.11. 1,202,711 shares of the stock were exchanged, 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 firm has a market capitalization of $2.19 billion, a P/E ratio of 34.60 and a beta of 1.96. Newmark Group, Inc. has a fifty-two week low of $9.44 and a fifty-two 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 announced its quarterly earnings data on Friday, February 14th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.07. The business 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 revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Equities analysts anticipate that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Dividend Announcement

The business 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. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Monday, March 3rd. 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.