First Trust Advisors LP Has $684,000 Holdings in Newmark Group, Inc. (NASDAQ:NMRK)

First Trust Advisors LP lowered its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 74.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,375 shares of the company’s stock after selling 152,132 shares during the quarter. First Trust Advisors LP’s holdings in Newmark Group were worth $684,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Newmark Group by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,374,705 shares of the company’s stock worth $81,660,000 after purchasing an additional 88,618 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Newmark Group during the 4th quarter valued at about $2,153,000. Jump Financial LLC acquired a new position in shares of Newmark Group in the 4th quarter valued at approximately $672,000. Walleye Capital LLC acquired a new position in shares of Newmark Group in the 4th quarter valued at approximately $174,000. Finally, Barclays PLC increased its stake in Newmark Group by 0.3% during the 4th quarter. Barclays PLC now owns 227,866 shares of the company’s stock worth $2,919,000 after purchasing an additional 767 shares in the last quarter. 58.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NMRK. Keefe, Bruyette & Woods reduced their price target on shares of Newmark Group from $14.50 to $14.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. The Goldman Sachs Group lowered their target price on Newmark Group from $19.50 to $17.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Finally, Piper Sandler cut their price target on Newmark Group from $19.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday.

Newmark Group Stock Up 1.3 %

Newmark Group stock opened at $11.33 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52. Newmark Group, Inc. has a 1-year low of $9.64 and a 1-year high of $16.10. The company has a fifty day simple moving average of $11.60 and a 200 day simple moving average of $13.31. The company has a market cap of $2.04 billion, a P/E ratio of 32.36 and a beta of 1.99.

Newmark Group (NASDAQ:NMRK) last issued its earnings results on Wednesday, April 30th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $665.49 million for the quarter, compared to the consensus estimate of $609.28 million. Newmark Group had a net margin of 2.22% and a return on equity of 20.74%. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 earnings per share. Research analysts anticipate that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Wednesday, May 14th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Wednesday, May 14th. Newmark Group’s payout ratio is 30.77%.

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.