LPL Financial LLC Invests $184,000 in Newmark Group, Inc. (NASDAQ:NMRK)

LPL Financial LLC acquired a new position in Newmark Group, Inc. (NASDAQ:NMRK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,337 shares of the company’s stock, valued at approximately $184,000.

Other large investors also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its stake in shares of Newmark Group by 0.5% during the 4th quarter. Rhumbline Advisers now owns 237,015 shares of the company’s stock worth $3,036,000 after acquiring an additional 1,201 shares during the last quarter. Assetmark Inc. raised its holdings in Newmark Group by 43.5% in the 4th quarter. Assetmark Inc. now owns 8,585 shares of the company’s stock worth $110,000 after purchasing an additional 2,602 shares during the period. Sei Investments Co. lifted its position in Newmark Group by 2.5% during the fourth quarter. Sei Investments Co. now owns 120,691 shares of the company’s stock valued at $1,546,000 after purchasing an additional 2,976 shares in the last quarter. Oliver Luxxe Assets LLC grew its holdings in Newmark Group by 3.4% during the fourth quarter. Oliver Luxxe Assets LLC now owns 101,743 shares of the company’s stock valued at $1,303,000 after purchasing an additional 3,353 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in Newmark Group by 32.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 16,473 shares of the company’s stock valued at $211,000 after purchasing an additional 4,019 shares during the period. 58.42% of the stock is currently owned by institutional investors.

Newmark Group Price Performance

NMRK stock opened at $11.06 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42. The company’s fifty day moving average price is $12.05 and its 200-day moving average price is $13.48. Newmark Group, Inc. has a one year low of $9.51 and a one year high of $16.10. The company has a market capitalization of $2.00 billion, a PE ratio of 31.60 and a beta of 1.69.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings data on Friday, February 14th. The company reported $0.55 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 the consensus estimate of $790.76 million. Newmark Group had a net margin of 2.22% and a return on equity of 20.74%. The business’s revenue was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 EPS. On average, equities analysts anticipate that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.12 annualized dividend and a dividend yield of 1.08%. Newmark Group’s dividend payout ratio (DPR) is 34.29%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods decreased their price objective on Newmark Group from $18.00 to $14.50 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group dropped their price target on shares of Newmark Group from $19.50 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th.

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.