Alberta Investment Management Corp Grows Stock Position in Newmark Group, Inc. (NASDAQ:NMRK)

Alberta Investment Management Corp raised its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 15.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 295,870 shares of the company’s stock after acquiring an additional 40,427 shares during the quarter. Alberta Investment Management Corp owned approximately 0.17% of Newmark Group worth $3,790,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new stake in shares of Newmark Group during the 3rd quarter worth about $93,000. SG Americas Securities LLC purchased a new position in shares of Newmark Group during the third quarter valued at approximately $112,000. Highland Capital Management LLC acquired a new stake in Newmark Group during the fourth quarter worth approximately $135,000. Blue Trust Inc. grew its stake in Newmark Group by 408.2% in the 3rd quarter. Blue Trust Inc. now owns 9,401 shares of the company’s stock worth $146,000 after acquiring an additional 7,551 shares during the period. Finally, OneDigital Investment Advisors LLC acquired a new position in Newmark Group in the 3rd quarter valued at $178,000. Institutional investors and hedge funds own 58.42% of the company’s stock.

Newmark Group Price Performance

NMRK opened at $14.43 on Friday. Newmark Group, Inc. has a 52-week low of $9.44 and a 52-week high of $16.10. The company has a 50 day moving average of $13.46 and a two-hundred day moving average of $14.18. The company has a market cap of $2.47 billion, a P/E ratio of 41.23 and a beta of 1.99. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results 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 firm 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 company earned $0.46 EPS. The firm’s revenue was up 18.9% on a year-over-year basis. On average, 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 announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.03 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.12 annualized dividend and a dividend yield of 0.83%. Newmark Group’s payout ratio is currently 34.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NMRK shares. Wolfe Research cut Newmark Group from an “outperform” rating to a “peer perform” rating in a report on Monday, November 25th. The Goldman Sachs Group assumed coverage on Newmark Group in a research note on Friday, December 6th. They issued a “buy” rating and a $19.00 price target on the stock.

Newmark Group 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.