2,128 Shares in Newmark Group, Inc. (NASDAQ:NMRK) Bought by Financial Management Professionals Inc.

Financial Management Professionals Inc. acquired a new stake in Newmark Group, Inc. (NASDAQ:NMRK) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,128 shares of the company’s stock, valued at approximately $26,000.

Other large investors have also recently made changes to their positions in the company. Barclays PLC lifted its stake in shares of Newmark Group by 352.8% in the third quarter. Barclays PLC now owns 227,099 shares of the company’s stock valued at $3,526,000 after buying an additional 176,947 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Newmark Group by 2.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,900 shares of the company’s stock valued at $959,000 after acquiring an additional 1,653 shares in the last quarter. Assetmark Inc. lifted its position 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 in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Newmark Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 21,114,662 shares of the company’s stock valued at $270,479,000 after purchasing an additional 83,094 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Newmark Group by 32.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 16,473 shares of the company’s stock valued at $211,000 after purchasing an additional 4,019 shares in the last quarter. 58.42% of the stock is owned by institutional investors.

Newmark Group Price Performance

Newmark Group stock opened at $11.26 on Thursday. The company’s 50 day moving average price is $11.00 and its two-hundred day moving average price is $12.79. The stock has a market cap of $2.08 billion, a P/E ratio of 32.17 and a beta of 1.94. Newmark Group, Inc. has a 52 week low of $9.64 and a 52 week high of $16.10. 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) last released its earnings results on Wednesday, April 30th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $665.49 million for the quarter, compared to analysts’ expectations of $609.28 million. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 EPS. On average, equities analysts predict that Newmark Group, Inc. will post 1.45 earnings per share for the current year.

Newmark Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Wednesday, May 14th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.07%. The ex-dividend date was Wednesday, May 14th. Newmark Group’s dividend payout ratio is 30.77%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on NMRK shares. Piper Sandler dropped their target price on Newmark Group from $19.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Keefe, Bruyette & Woods dropped their price objective on Newmark Group from $14.50 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. The Goldman Sachs Group dropped their price objective on Newmark Group from $19.50 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Finally, Wolfe Research raised shares of Newmark Group from a “peer perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a research report on Friday, May 23rd.

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.