Newmark Group, Inc. (NASDAQ:NMRK) Stock Position Increased by Sei Investments Co.

Sei Investments Co. boosted its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 2.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 120,691 shares of the company’s stock after buying an additional 2,976 shares during the period. Sei Investments Co.’s holdings in Newmark Group were worth $1,546,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Newmark Group by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,554,867 shares of the company’s stock valued at $55,216,000 after purchasing an additional 190,974 shares in the last quarter. State Street Corp boosted its holdings in Newmark Group by 7.8% during the third quarter. State Street Corp now owns 3,426,682 shares of the company’s stock worth $53,216,000 after buying an additional 247,433 shares in the last quarter. Principal Financial Group Inc. grew its position in Newmark Group by 44.9% in the fourth quarter. Principal Financial Group Inc. now owns 3,098,429 shares of the company’s stock worth $39,691,000 after buying an additional 960,799 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Newmark Group by 5.1% in the fourth quarter. American Century Companies Inc. now owns 1,541,854 shares of the company’s stock valued at $19,751,000 after buying an additional 75,502 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Newmark Group by 13.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,223,807 shares of the company’s stock valued at $19,006,000 after acquiring an additional 143,251 shares during the last quarter. 58.42% of the stock is owned by institutional investors and hedge funds.

Newmark Group Stock Performance

Newmark Group stock opened at $10.71 on Monday. Newmark Group, Inc. has a fifty-two week low of $9.44 and a fifty-two week high of $16.10. The firm’s 50 day simple moving average is $13.36 and its 200-day simple moving average is $14.08. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market cap of $1.93 billion, a P/E ratio of 30.60 and a beta of 1.69.

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

Newmark Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Monday, March 3rd. Newmark Group’s dividend payout ratio is currently 34.29%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group decreased their target price on Newmark Group from $19.50 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th.

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.