Bank of New York Mellon Corp Purchases 10,300 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Bank of New York Mellon Corp grew its position in Newmark Group, Inc. (NASDAQ:NMRK) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,403,553 shares of the company’s stock after buying an additional 10,300 shares during the period. Bank of New York Mellon Corp owned 0.80% of Newmark Group worth $8,730,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Signaturefd LLC boosted its stake in Newmark Group by 155.3% in the 1st quarter. Signaturefd LLC now owns 4,447 shares of the company’s stock worth $31,000 after purchasing an additional 2,705 shares in the last quarter. Ellevest Inc. boosted its stake in Newmark Group by 218.8% in the 1st quarter. Ellevest Inc. now owns 4,642 shares of the company’s stock worth $33,000 after purchasing an additional 3,186 shares in the last quarter. Captrust Financial Advisors boosted its stake in Newmark Group by 44.0% in the 2nd quarter. Captrust Financial Advisors now owns 3,849 shares of the company’s stock worth $37,000 after purchasing an additional 1,176 shares in the last quarter. Bessemer Group Inc. boosted its stake in Newmark Group by 6,298.8% in the 4th quarter. Bessemer Group Inc. now owns 5,183 shares of the company’s stock worth $41,000 after purchasing an additional 5,102 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in Newmark Group in the 1st quarter worth approximately $80,000. 53.82% of the stock is currently owned by institutional investors.

Newmark Group Stock Performance

NMRK opened at $7.83 on Friday. Newmark Group, Inc. has a 12-month low of $5.07 and a 12-month high of $9.36. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $1.35 billion, a PE ratio of 87.01 and a beta of 1.74. The firm has a 50 day moving average of $6.38 and a two-hundred day moving average of $6.48.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). Newmark Group had a return on equity of 14.67% and a net margin of 0.66%. The business had revenue of $616.30 million for the quarter, compared to analysts’ expectations of $606.27 million. During the same period in the prior year, the business posted $0.35 earnings per share. The business’s quarterly revenue was down 7.3% compared to the same quarter last year. On average, analysts anticipate that Newmark Group, Inc. will post 1.04 EPS for the current year.

Newmark Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 22nd will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, November 21st. Newmark Group’s dividend payout ratio (DPR) is 133.35%.

Analyst Ratings Changes

NMRK has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of Newmark Group from $7.50 to $7.00 in a research note on Tuesday, October 3rd. Raymond James cut shares of Newmark Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 4th.

Newmark Group Company Profile

Newmark Group, Inc provides commercial real estate services in the United States and internationally. The company's investor/owner services and products include capital markets, such as investment, debt and structured finance, and loan sales; agency leasing, property management, and valuation and advisory; and commercial real estate due diligence consulting and advisory services, as well as government sponsored enterprise lending, loan servicing, mortgage broking, and equity-raising services.