Boston Partners Has $2.48 Million Stake in Newmark Group, Inc. (NASDAQ:NMRK)

Boston Partners reduced its holdings in Newmark Group, Inc. (NASDAQ:NMRK) by 1.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 193,186 shares of the company’s stock after selling 1,945 shares during the quarter. Boston Partners’ holdings in Newmark Group were worth $2,475,000 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. Victory Capital Management Inc. lifted its stake in shares of Newmark Group by 7.1% in the 3rd quarter. Victory Capital Management Inc. now owns 106,138 shares of the company’s stock valued at $1,648,000 after purchasing an additional 7,005 shares during the period. OneDigital Investment Advisors LLC acquired a new position in Newmark Group in the third quarter valued at about $178,000. Segall Bryant & Hamill LLC boosted its holdings in Newmark Group by 1.7% during the third quarter. Segall Bryant & Hamill LLC now owns 321,104 shares of the company’s stock worth $4,987,000 after buying an additional 5,501 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Newmark Group during the 3rd quarter worth about $819,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Newmark Group by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,152,232 shares of the company’s stock valued at $33,424,000 after acquiring an additional 85,728 shares during the last quarter. 58.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NMRK shares. Wolfe Research lowered shares of Newmark Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 25th. 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 research report on Wednesday.

Newmark Group Trading Down 1.2 %

NASDAQ NMRK opened at $12.43 on Friday. 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 current ratio of 0.42 and a quick ratio of 0.42. The firm has a market cap of $2.24 billion, a P/E ratio of 35.52 and a beta of 1.96. The stock’s 50-day moving average is $13.57 and its 200-day moving average is $14.24.

Newmark Group (NASDAQ:NMRK) last posted its earnings results on Friday, February 14th. The company reported $0.55 earnings per share (EPS) for the quarter, topping 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 business had revenue of $888.30 million during the quarter, compared to analysts’ expectations of $790.76 million. During the same period in the prior year, the business earned $0.46 EPS. Newmark Group’s revenue for the quarter was up 18.9% compared to the same quarter last year. Sell-side analysts anticipate 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 was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.03 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.12 annualized dividend and a yield of 0.97%. 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.