IFP Advisors Inc Grows Stake in Newmark Group, Inc. (NASDAQ:NMRK)

IFP Advisors Inc increased its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 32.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 32,123 shares of the company’s stock after acquiring an additional 7,817 shares during the period. IFP Advisors Inc’s holdings in Newmark Group were worth $412,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Handelsbanken Fonder AB grew its position in shares of Newmark Group by 8.9% during the fourth quarter. Handelsbanken Fonder AB now owns 50,017 shares of the company’s stock worth $641,000 after purchasing an additional 4,100 shares in the last quarter. Alberta Investment Management Corp grew its position in shares of Newmark Group by 15.8% during the fourth quarter. Alberta Investment Management Corp now owns 295,870 shares of the company’s stock worth $3,790,000 after purchasing an additional 40,427 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Newmark Group by 44.9% during the fourth quarter. Principal Financial Group Inc. now owns 3,098,429 shares of the company’s stock worth $39,691,000 after purchasing an additional 960,799 shares in the last quarter. Rhumbline Advisers grew its position in shares of Newmark Group by 0.5% during the fourth quarter. Rhumbline Advisers now owns 237,015 shares of the company’s stock worth $3,036,000 after purchasing an additional 1,201 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of Newmark Group by 32.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 16,473 shares of the company’s stock worth $211,000 after purchasing an additional 4,019 shares in the last quarter. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Wall Street Analysts Forecast Growth

NMRK has been the subject of several research analyst reports. The Goldman Sachs Group initiated coverage on Newmark Group in a report on Friday, December 6th. They set a “buy” rating and a $19.00 price target for the company. Wolfe Research cut Newmark Group from an “outperform” rating to a “peer perform” rating in a report on Monday, November 25th.

Newmark Group Stock Performance

NASDAQ NMRK opened at $14.67 on Friday. The stock has a market capitalization of $2.51 billion, a PE ratio of 41.92 and a beta of 1.99. The business has a 50 day simple moving average of $13.52 and a two-hundred day simple moving average of $14.28. 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 1-year low of $9.44 and a 1-year high of $16.10.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.55 earnings per share (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 return on equity of 20.74% and a net margin of 2.22%. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period last year, the company earned $0.46 EPS. On average, research analysts predict that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Monday, March 3rd. Newmark Group’s payout ratio is 34.29%.

Newmark Group Company Profile

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.