1 week Ago By Defense World Staff
Prudential Financial Inc. decreased its position in shares of Newmark Group, Inc. (NASDAQ:NMRK – Free Report) by 18.
2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,926 shares of the company’s stock after selling 8,858 shares during the quarter. Prudential Financial Inc.
’s holdings in Newmark Group were worth $511,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors also recently modified their holdings of NMRK. Assetmark Inc.
increased its position in Newmark Group by 43.5% in the fourth quarter. Assetmark Inc.
now owns 8,585 shares of the company’s stock worth $110,000 after buying an additional 2,602 shares in the last quarter. Highland Capital Management LLC purchased a new stake in Newmark Group during the fourth quarter valued at approximately $135,000. Cibc World Markets Corp bought a new position in shares of Newmark Group during the 4th quarter valued at approximately $158,000.
Coldstream Capital Management Inc. purchased a new stake in shares of Newmark Group in the third quarter valued at $181,000. Finally, LPL Financial LLC purchased a new stake in Newmark Group in the 4th quarter worth about $184,000.
58.42% of the stock is owned by hedge funds and other institutional investors. Newmark Group Stock Up 7.
9 %Shares of NMRK opened at $11.05 on Thursday. The company has a quick ratio of 0.
42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52.
The stock’s 50-day moving average price is $13.02 and its 200-day moving average price is $13.93.
Newmark Group, Inc. has a 52 week low of $9.44 and a 52 week high of $16.
10. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 31.
57 and a beta of 1.69. Newmark Group (NASDAQ:NMRK – Get Free Report) last posted its quarterly earnings data on Friday, February 14th.
The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.
07. Newmark Group had a net margin of 2.22% and a return on equity of 20.
74%. The company had revenue of $888.30 million during the quarter, compared to analysts’ expectations of $790.
76 million. During the same period in the prior year, the business posted $0.46 earnings per share.
The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, sell-side analysts predict that Newmark Group, Inc.
will post 1.45 EPS for the current year. Newmark Group Dividend AnnouncementThe business also recently declared 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. The ex-dividend date of this dividend was Monday, March 3rd.
This represents a $0.12 annualized dividend and a yield of 1.09%.
Newmark Group’s dividend payout ratio (DPR) is 34.29%. Wall Street Analyst Weigh InSeparately, The Goldman Sachs Group lowered their price target on Newmark Group from $19.
50 to $17.00 and set a “buy” rating for the company in a report on Wednesday, March 19th.Read Our Latest Stock Analysis on NMRKNewmark 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.Featured StoriesFive stocks we like better than Newmark GroupInvesting in the High PE Growth Stocks Quantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreGolden Cross Stocks: Pattern, Examples and Charts Are Tariffs Threatening Disney’s Comeback Story?Why Understanding Call Option Volume is Essential to Successful Options TradingIs Alphabet a Generational Buying Opportunity at These Levels?Want to see what other hedge funds are holding NMRK? Visit HoldingsChannel.
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