6 days Ago By ABMN Staff
Franklin Resources Inc. trimmed its position in Newmark Group, Inc. ( NASDAQ:NMRK – Free Report ) by 1.
9% in the 4th quarter, Holdings Channel.com reports. The fund owned 105,567 shares of the company’s stock after selling 2,075 shares during the quarter.
Franklin Resources Inc.’s holdings in Newmark Group were worth $1,352,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also bought and sold shares of NMRK.
Assetmark Inc. boosted its position in shares of Newmark Group by 43.5% in the 4th quarter.
Assetmark Inc. now owns 8,585 shares of the company’s stock worth $110,000 after purchasing an additional 2,602 shares in the last quarter. Highland Capital Management LLC purchased a new stake in Newmark Group in the fourth quarter valued at about $135,000.
Cibc World Markets Corp acquired a new stake in Newmark Group in the fourth quarter worth about $158,000. Coldstream Capital Management Inc. purchased a new stake in shares of Newmark Group during the third quarter worth about $181,000.
Finally, LPL Financial LLC acquired a new position in shares of Newmark Group during the fourth quarter valued at about $184,000. 58.42% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In Separately, The Goldman Sachs Group dropped their price objective on shares of Newmark Group from $19.50 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th.
Newmark Group Stock Performance NMRK opened at $10.71 on Tuesday. 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 12-month low of $9.44 and a 12-month high of $16.
10. The firm has a 50 day moving average of $12.81 and a two-hundred day moving average of $13.
81. The firm has a market capitalization of $1.93 billion, a PE ratio of 30.
60 and a beta of 1.69. Newmark Group ( NASDAQ:NMRK – Get Free Report ) last issued its earnings results on Friday, February 14th.
The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.
07. The firm had revenue of $888.30 million during the quarter, compared to analysts’ expectations of $790.
76 million. Newmark Group had a net margin of 2.22% and a return on equity of 20.
74%. The firm’s revenue was up 18.9% compared to the same quarter last year.
During the same quarter last year, the company posted $0.46 earnings per share. On average, analysts anticipate that Newmark Group, Inc.
will post 1.45 EPS for the current year. Newmark Group Announces Dividend The business also recently announced a quarterly dividend, which was paid on Monday, March 17th.
Stockholders of record on Monday, March 3rd were paid a $0.03 dividend. The ex-dividend date of this dividend was Monday, March 3rd.
This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.12%.
Newmark Group’s payout ratio is 34.29%. 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. Featured Articles Want to see what other hedge funds are holding NMRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newmark Group, Inc.
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