DekaBank Deutsche Girozentrale Acquires 5,480 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

DekaBank Deutsche Girozentrale increased its holdings in Newmark Group, Inc. (NASDAQ:NMRK) by 76.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,641 shares of the company’s stock after purchasing an additional 5,480 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Newmark Group were worth $138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of NMRK. Tower Research Capital LLC TRC boosted its position in Newmark Group by 65.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,157 shares of the company’s stock valued at $33,000 after acquiring an additional 2,040 shares in the last quarter. Captrust Financial Advisors boosted its position in Newmark Group by 44.0% during the 2nd quarter. Captrust Financial Advisors now owns 3,849 shares of the company’s stock valued at $37,000 after acquiring an additional 1,176 shares in the last quarter. Bessemer Group Inc. boosted its position in Newmark Group by 6,298.8% during the 4th quarter. Bessemer Group Inc. now owns 5,183 shares of the company’s stock valued at $41,000 after acquiring an additional 5,102 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Newmark Group by 117.8% in the 3rd quarter. Lazard Asset Management LLC now owns 7,161 shares of the company’s stock worth $46,000 after purchasing an additional 3,873 shares in the last quarter. Finally, AXQ Capital LP bought a new stake in shares of Newmark Group in the 3rd quarter worth approximately $76,000. 58.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NMRK. Keefe, Bruyette & Woods boosted their price target on Newmark Group from $11.00 to $11.25 and gave the stock a “market perform” rating in a research report on Monday, February 26th. Piper Sandler reissued an “overweight” rating and issued a $13.00 price target on shares of Newmark Group in a research report on Tuesday, March 26th.

Newmark Group Stock Performance

Shares of NMRK opened at $9.51 on Thursday. Newmark Group, Inc. has a 52 week low of $5.07 and a 52 week high of $11.51. The stock has a market cap of $1.64 billion, a P/E ratio of 38.04 and a beta of 1.97. The business’s 50 day moving average price is $10.67 and its 200-day moving average price is $9.17. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.35.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. Newmark Group had a net margin of 1.72% and a return on equity of 17.03%. The company had revenue of $747.70 million during the quarter, compared to analyst estimates of $743.53 million. During the same period in the previous year, the business earned $0.32 EPS. Equities research analysts anticipate that Newmark Group, Inc. will post 1.12 earnings per share for the current fiscal year.

Newmark Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.03 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.12 dividend on an annualized basis and a yield of 1.26%. Newmark Group’s payout ratio is currently 48.00%.

About Newmark Group

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.