2 weeks Ago By Defense World Staff
Dimensional Fund Advisors LP boosted its position in Newmark Group, Inc. ( NASDAQ:NMRK – Free Report ) by 7.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC.
The fund owned 6,686,191 shares of the company’s stock after purchasing an additional 480,047 shares during the period. Dimensional Fund Advisors LP owned about 3.88% of Newmark Group worth $68,399,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Newmark Group by 3.
6% in the first quarter. Vanguard Group Inc. now owns 20,474,932 shares of the company’s stock worth $227,067,000 after buying an additional 702,233 shares during the period.
Paulson & CO. Inc. raised its stake in shares of Newmark Group by 133.
5% in the fourth quarter. Paulson & CO. Inc.
now owns 3,000,000 shares of the company’s stock worth $32,880,000 after buying an additional 1,715,375 shares during the period. Leeward Investments LLC MA raised its stake in shares of Newmark Group by 5.6% in the second quarter.
Leeward Investments LLC MA now owns 1,907,574 shares of the company’s stock worth $19,514,000 after buying an additional 101,426 shares during the period. Bridgeway Capital Management LLC raised its stake in Newmark Group by 4.4% during the 4th quarter.
Bridgeway Capital Management LLC now owns 1,311,813 shares of the company’s stock valued at $14,377,000 after purchasing an additional 54,909 shares during the period. Finally, Foundry Partners LLC lifted its holdings in Newmark Group by 5.3% in the 2nd quarter.
Foundry Partners LLC now owns 840,576 shares of the company’s stock worth $8,599,000 after purchasing an additional 42,314 shares in the last quarter. Institutional investors own 58.42% of the company’s stock.
Analysts Set New Price Targets NMRK has been the topic of a number of research analyst reports. Piper Sandler boosted their price target on Newmark Group from $13.00 to $17.
00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Keefe, Bruyette & Woods raised Newmark Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $13.50 to $16.
50 in a report on Thursday, September 5th. Finally, Wolfe Research raised Newmark Group from a “peer perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a report on Friday, August 16th.
Newmark Group Stock Down 2.1 % Shares of NMRK opened at $15.56 on Friday.
The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 70.73 and a beta of 2.
01. Newmark Group, Inc. has a 1 year low of $5.
09 and a 1 year high of $16.10. The business’s 50 day simple moving average is $13.
45 and its 200-day simple moving average is $11.45. The company has a debt-to-equity ratio of 0.
49, a current ratio of 0.49 and a quick ratio of 0.49.
Newmark Group ( NASDAQ:NMRK – Get Free Report ) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
21 by $0.01. The business had revenue of $633.
40 million for the quarter, compared to analysts’ expectations of $630.27 million. Newmark Group had a return on equity of 17.
78% and a net margin of 1.75%. The company’s revenue for the quarter was up 8.
1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 EPS.
As a group, equities analysts expect that Newmark Group, Inc. will post 1.15 earnings per share for the current fiscal year.
Newmark Group Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 16th were issued a dividend of $0.03 per share.
The ex-dividend date was Friday, August 16th. This represents a $0.12 annualized dividend and a yield of 0.
77%. Newmark Group’s payout ratio is presently 54.55%.
About Newmark Group ( Free Report ) 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. See Also Five stocks we like better than Newmark Group The Significance of Brokerage Rankings in Stock Selection Can Costco Stock Hit New Highs as Interest Rates Drop? Want to Profit on the Downtrend? Downtrends, Explained.
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