Newmark Group, Inc. (NASDAQ:NMRK) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 78.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,422 shares of the company’s stock after selling 40,760 shares during the period. Asset Management One Co. Ltd.’s holdings in Newmark Group were worth $126,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Captrust Financial Advisors raised its holdings in Newmark Group by 44.0% during the second 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. Tower Research Capital LLC TRC boosted its holdings in Newmark Group by 65.4% in the third quarter. Tower Research Capital LLC TRC now owns 5,157 shares of the company’s stock worth $33,000 after purchasing an additional 2,040 shares in the last quarter. Bessemer Group Inc. lifted its position in Newmark Group by 6,298.8% during the 4th quarter. Bessemer Group Inc. now owns 5,183 shares of the company’s stock worth $41,000 after acquiring an additional 5,102 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Newmark Group during the third quarter valued at about $44,000. Finally, Lazard Asset Management LLC raised its position in shares of Newmark Group by 117.8% during the third quarter. Lazard Asset Management LLC now owns 7,161 shares of the company’s stock valued at $46,000 after buying an additional 3,873 shares during the last quarter. Institutional investors own 58.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on NMRK. Keefe, Bruyette & Woods increased their price target on shares of Newmark Group from $11.00 to $11.25 and gave the company a “market perform” rating in a research note on Monday, February 26th. Piper Sandler reissued an “overweight” rating and issued a $13.00 price objective on shares of Newmark Group in a research report on Tuesday, March 26th.

Newmark Group Trading Down 1.0 %

NMRK opened at $10.27 on Monday. The company’s 50 day moving average price is $10.69 and its two-hundred day moving average price is $9.12. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.59 and a quick ratio of 0.59. Newmark Group, Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $11.51. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 41.08 and a beta of 1.97.

Newmark Group (NASDAQ:NMRK) last released its earnings results on Thursday, February 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. Newmark Group had a net margin of 1.72% and a return on equity of 17.03%. The company had revenue of $747.70 million for the quarter, compared to the consensus estimate of $743.53 million. During the same quarter in the previous year, the company earned $0.32 EPS. As a group, research analysts predict that Newmark Group, Inc. will post 1.12 earnings per share for the current year.

Newmark Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.03 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.12 annualized dividend and a yield of 1.17%. Newmark Group’s payout ratio is currently 48.00%.

About Newmark Group

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.