2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. raised its position in shares of Newmark Group, Inc. ( NASDAQ:NMRK – Free Report ) by 13.
5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,388,913 shares of the company’s stock after purchasing an additional 165,106 shares during the period. JPMorgan Chase & Co.
owned approximately 0.81% of Newmark Group worth $17,792,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company.
Geode Capital Management LLC raised its holdings 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 worth $55,216,000 after buying an additional 190,974 shares in the last quarter.
Barclays PLC grew its position in Newmark Group by 352.8% in the third quarter. Barclays PLC now owns 227,099 shares of the company’s stock valued at $3,526,000 after acquiring an additional 176,947 shares during the last quarter.
Assetmark Inc. lifted its holdings in shares of Newmark Group by 43.5% in the fourth quarter.
Assetmark Inc. now owns 8,585 shares of the company’s stock worth $110,000 after acquiring an additional 2,602 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Newmark Group by 540.
5% in the fourth quarter. SG Americas Securities LLC now owns 46,289 shares of the company’s stock worth $593,000 after acquiring an additional 39,062 shares during the last quarter. Finally, Vanguard Group Inc.
boosted its stake in shares of Newmark Group by 0.4% in the 4th quarter. Vanguard Group Inc.
now owns 21,114,662 shares of the company’s stock valued at $270,479,000 after purchasing an additional 83,094 shares in the last quarter. 58.42% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In Separately, The Goldman Sachs Group dropped their price objective on shares of Newmark Group from $19.50 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th.
Newmark Group Price Performance Newmark Group stock opened at $10.31 on Friday. The stock has a 50-day moving average price of $12.
88 and a two-hundred day moving average price of $13.86. Newmark Group, Inc.
has a 12 month low of $9.44 and a 12 month high of $16.10.
The company has a market capitalization of $1.86 billion, a PE ratio of 29.46 and a beta of 1.
69. The company has a current ratio of 0.42, a quick ratio of 0.
42 and a debt-to-equity ratio of 0.52. Newmark Group ( NASDAQ:NMRK – Get Free Report ) last posted its earnings results on Friday, February 14th.
The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.48 by $0.
07. Newmark Group had a net margin of 2.22% and a return on equity of 20.
74%. The business had revenue of $888.30 million for the quarter, compared to the consensus estimate of $790.
76 million. During the same period last year, the company earned $0.46 EPS.
The firm’s revenue was up 18.9% compared to the same quarter last year. Analysts expect that Newmark Group, Inc.
will post 1.45 EPS for the current year. Newmark Group Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Monday, March 17th.
Investors of record on Monday, March 3rd were given a dividend of $0.03 per share. This represents a $0.
12 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Monday, March 3rd.
Newmark Group’s dividend payout ratio is currently 34.29%. Newmark Group Profile ( Free Report ) 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. Further Reading Five stocks we like better than Newmark Group How to Use High Beta Stocks to Maximize Your Investing Profits JPMorgan is a Buy, if You Can Handle The Volatility Bank Stocks – Best Bank Stocks to Invest In United States Steel’s Crash: An Unmissable Buying Opportunity Mastering Discipline: Overcoming Emotional Challenges In Trading Rocket Lab Stock: Weathering the Storm, Time for a Comeback? Want to see what other hedge funds are holding NMRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newmark Group, Inc.
( NASDAQ:NMRK – Free Report ). Receive News & Ratings for Newmark Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmark Group and related companies with MarketBeat.com's FREE daily email newsletter .
.
