17 hours Ago By Defense World Staff
KLP Kapitalforvaltning AS acquired a new position in shares of Newmark Group, Inc. ( NASDAQ:NMRK – Free Report ) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 29,805 shares of the company’s stock, valued at approximately $382,000.
Other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its position in shares of Newmark Group by 6.7% during the third quarter.
The Manufacturers Life Insurance Company now owns 76,602 shares of the company’s stock worth $1,190,000 after buying an additional 4,834 shares in the last quarter. Captrust Financial Advisors bought a new position in Newmark Group during the 3rd quarter valued at $835,000. State Street Corp grew its holdings in Newmark Group by 7.
8% during the 3rd quarter. State Street Corp now owns 3,426,682 shares of the company’s stock worth $53,216,000 after acquiring an additional 247,433 shares in the last quarter. Jane Street Group LLC increased its position in shares of Newmark Group by 8.
4% in the 3rd quarter. Jane Street Group LLC now owns 140,001 shares of the company’s stock worth $2,174,000 after purchasing an additional 10,796 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Newmark Group in the 3rd quarter valued at about $390,000.
58.42% of the stock is owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Separately, The Goldman Sachs Group decreased their price target on Newmark Group from $19.
50 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Newmark Group Stock Performance Newmark Group stock opened at $10.
71 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.
42 and a quick ratio of 0.42. Newmark Group, Inc.
has a 12 month low of $9.44 and a 12 month high of $16.10.
The company has a fifty day moving average price of $13.36 and a two-hundred day moving average price of $14.09.
The company has a market cap of $1.93 billion, a PE ratio of 30.60 and a beta of 1.
69. Newmark Group ( NASDAQ:NMRK – Get Free Report ) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.
55 EPS for the quarter, beating the consensus estimate of $0.48 by $0.07.
The business had revenue of $888.30 million during the quarter, compared to analyst estimates of $790.76 million.
Newmark Group had a net margin of 2.22% and a return on equity of 20.74%.
The company’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.
46 EPS. Research analysts expect that Newmark Group, Inc. will post 1.
45 earnings per share for the current year. Newmark Group Announces Dividend The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.
03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.
12%. The ex-dividend date of this dividend was Monday, March 3rd. Newmark Group’s payout ratio is 34.
29%. Newmark Group Company Profile ( 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.
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