Newmark Group, Inc. (NASDAQ:NMRK) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lessened its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,193 shares of the company’s stock after selling 1,291 shares during the quarter. Great Lakes Advisors LLC’s holdings in Newmark Group were worth $336,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. purchased a new stake in shares of Newmark Group during the 3rd quarter worth about $93,000. Highland Capital Management LLC acquired a new position in Newmark Group in the 4th quarter worth about $135,000. OneDigital Investment Advisors LLC purchased a new position in Newmark Group during the third quarter worth approximately $178,000. Coldstream Capital Management Inc. acquired a new stake in Newmark Group in the third quarter valued at approximately $181,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Newmark Group in the third quarter valued at approximately $204,000. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Wall Street Analysts Forecast Growth

NMRK has been the topic of a number of recent analyst reports. Wolfe Research lowered Newmark Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 25th. The Goldman Sachs Group began coverage on shares of Newmark Group in a research report on Friday, December 6th. They issued a “buy” rating and a $19.00 target price on the stock.

Newmark Group Stock Up 4.7 %

Shares of NMRK opened at $12.40 on Monday. The stock has a 50 day moving average price of $13.56 and a 200 day moving average price of $14.29. Newmark Group, Inc. has a one year low of $9.44 and a one year 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 stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 35.43 and a beta of 1.96.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.07. Newmark Group had a net margin of 2.22% and a return on equity of 20.74%. The company had revenue of $888.30 million during the quarter, compared to analysts’ expectations of $790.76 million. During the same quarter in the prior year, the company earned $0.46 EPS. Newmark Group’s revenue was up 18.9% compared to the same quarter last year. Equities research analysts forecast that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Monday, March 3rd. Newmark Group’s dividend payout ratio (DPR) is currently 34.29%.

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.