Inceptionr LLC Has $333,000 Stock Position in Newmark Group, Inc. (NASDAQ:NMRK)

Inceptionr LLC lifted its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 21.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,976 shares of the company’s stock after buying an additional 4,637 shares during the quarter. Inceptionr LLC’s holdings in Newmark Group were worth $333,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of 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 buying an additional 190,974 shares in the last quarter. State Street Corp raised its stake in 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 in the last quarter. Principal Financial Group Inc. raised its stake in Newmark Group by 44.9% in the fourth quarter. Principal Financial Group Inc. now owns 3,098,429 shares of the company’s stock valued at $39,691,000 after purchasing an additional 960,799 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Newmark Group by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,152,232 shares of the company’s stock valued at $33,424,000 after purchasing an additional 85,728 shares in the last quarter. Finally, Systematic Financial Management LP raised its stake in Newmark Group by 53.1% in the third quarter. Systematic Financial Management LP now owns 1,421,985 shares of the company’s stock valued at $22,083,000 after purchasing an additional 493,050 shares in the last quarter. Institutional investors and hedge funds own 58.42% of the company’s stock.

Newmark Group Stock Performance

Newmark Group stock opened at $13.28 on Monday. Newmark Group, Inc. has a 12-month low of $9.44 and a 12-month 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. The business’s 50-day moving average price is $13.60 and its two-hundred day moving average price is $14.33. The stock has a market cap of $2.27 billion, a PE ratio of 37.94 and a beta of 1.96.

Newmark Group (NASDAQ:NMRK) 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. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The firm had revenue of $888.30 million for the quarter, compared to analysts’ expectations of $790.76 million. During the same quarter in the previous year, the business posted $0.46 earnings per share. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. As a group, analysts expect that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Monday, March 3rd. Newmark Group’s dividend payout ratio is presently 34.29%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NMRK shares. Wolfe Research downgraded Newmark Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 25th. The Goldman Sachs Group started coverage on Newmark Group in a research note on Friday, December 6th. They issued a “buy” rating and a $19.00 price target for the company.

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.