Alliancebernstein L.P. Sells 12,100 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Alliancebernstein L.P. lessened its stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,687 shares of the company’s stock after selling 12,100 shares during the quarter. Alliancebernstein L.P. owned about 0.10% of Newmark Group worth $2,122,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in NMRK. Rhumbline Advisers lifted its holdings in shares of Newmark Group by 0.5% in the 4th quarter. Rhumbline Advisers now owns 237,015 shares of the company’s stock worth $3,036,000 after purchasing an additional 1,201 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in Newmark Group by 19.1% during the fourth quarter. Meeder Asset Management Inc. now owns 15,620 shares of the company’s stock worth $200,000 after buying an additional 2,504 shares in the last quarter. Assetmark Inc. raised its position in Newmark Group by 43.5% in the 4th quarter. Assetmark Inc. now owns 8,585 shares of the company’s stock valued at $110,000 after buying an additional 2,602 shares during the last quarter. Sei Investments Co. lifted its stake in Newmark Group by 2.5% during the 4th quarter. Sei Investments Co. now owns 120,691 shares of the company’s stock valued at $1,546,000 after acquiring an additional 2,976 shares in the last quarter. Finally, Oliver Luxxe Assets LLC boosted its holdings in Newmark Group by 3.4% during the 4th quarter. Oliver Luxxe Assets LLC now owns 101,743 shares of the company’s stock worth $1,303,000 after acquiring an additional 3,353 shares during the last quarter. 58.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group dropped 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, March 19th.

Newmark Group Trading Down 1.5 %

NASDAQ NMRK opened at $10.36 on Thursday. The business’s fifty day moving average is $12.68 and its 200-day moving average is $13.76. 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 stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 29.60 and a beta of 1.69. Newmark Group, Inc. has a one year low of $9.44 and a one year high of $16.10.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.55 EPS for the quarter, topping 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 business had revenue of $888.30 million for the quarter, compared to analyst estimates of $790.76 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. Equities research analysts predict that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.16%. The ex-dividend date was Monday, March 3rd. Newmark Group’s dividend payout ratio (DPR) is 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.