DekaBank Deutsche Girozentrale Increases Holdings in Newmark Group, Inc. (NASDAQ:NMRK)

DekaBank Deutsche Girozentrale grew its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 76.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,641 shares of the company’s stock after buying an additional 5,480 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Newmark Group were worth $138,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in NMRK. Vanguard Group Inc. raised its position in Newmark Group by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 26,213,288 shares of the company’s stock worth $417,315,000 after purchasing an additional 1,309,242 shares during the period. BlackRock Inc. raised its position in Newmark Group by 0.5% in the 1st quarter. BlackRock Inc. now owns 11,063,026 shares of the company’s stock worth $176,123,000 after purchasing an additional 50,137 shares during the period. FMR LLC raised its position in Newmark Group by 1.5% in the 1st quarter. FMR LLC now owns 4,738,989 shares of the company’s stock worth $33,552,000 after purchasing an additional 70,314 shares during the period. Dimensional Fund Advisors LP raised its position in Newmark Group by 16.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,675,895 shares of the company’s stock worth $33,104,000 after purchasing an additional 668,808 shares during the period. Finally, State Street Corp raised its position in Newmark Group by 1.0% in the 2nd quarter. State Street Corp now owns 3,301,776 shares of the company’s stock worth $31,928,000 after purchasing an additional 32,090 shares during the period. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Newmark Group Stock Performance

Shares of NASDAQ:NMRK opened at $9.51 on Thursday. The firm has a market cap of $1.64 billion, a PE ratio of 38.04 and a beta of 1.97. The firm’s 50 day simple moving average is $10.67 and its 200-day simple moving average is $9.17. Newmark Group, Inc. has a one year low of $5.07 and a one year high of $11.51. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.59.

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

Newmark Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.26%. Newmark Group’s dividend payout ratio is presently 48.00%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. 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. Keefe, Bruyette & Woods raised their target price on shares of Newmark Group from $11.00 to $11.25 and gave the stock a “market perform” rating in a research report on Monday, February 26th.

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.