Summit Global Investments Buys New Position in Newmark Group, Inc. (NASDAQ:NMRK)

Summit Global Investments bought a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 85,753 shares of the company’s stock, valued at approximately $1,098,000. Summit Global Investments owned approximately 0.05% of Newmark Group as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Newmark Group by 5.7% during the third quarter. Geode Capital Management LLC now owns 3,554,867 shares of the company’s stock valued at $55,216,000 after buying an additional 190,974 shares in the last quarter. Algert Global LLC boosted its position in shares of Newmark Group by 64.3% in the 3rd quarter. Algert Global LLC now owns 238,138 shares of the company’s stock valued at $3,698,000 after purchasing an additional 93,160 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Newmark Group by 13.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,223,807 shares of the company’s stock valued at $19,006,000 after purchasing an additional 143,251 shares during the period. Barclays PLC boosted its position in shares of Newmark Group by 352.8% in the 3rd quarter. Barclays PLC now owns 227,099 shares of the company’s stock valued at $3,526,000 after purchasing an additional 176,947 shares during the period. Finally, Captrust Financial Advisors acquired a new position in shares of Newmark Group in the 3rd quarter valued at $835,000. Institutional investors own 58.42% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NMRK shares. 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 report on Wednesday. Wolfe Research lowered Newmark Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 25th.

Newmark Group Trading Down 1.2 %

Shares of NASDAQ NMRK opened at $12.43 on Friday. Newmark Group, Inc. has a one year low of $9.44 and a one year high of $16.10. The firm has a market capitalization of $2.24 billion, a PE ratio of 35.52 and a beta of 1.96. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $13.57 and a two-hundred day moving average price of $14.25.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The firm had revenue of $888.30 million during the quarter, compared to analyst estimates of $790.76 million. During the same period last year, the company posted $0.46 EPS. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. As a group, analysts predict that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.03 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.12 dividend on an annualized basis and a yield of 0.97%. Newmark Group’s payout ratio is presently 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.