Newmark Group, Inc. (NASDAQ:NMRK) Shares Purchased by Diversified Trust Co

Diversified Trust Co boosted its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 20.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,917 shares of the company’s stock after acquiring an additional 6,344 shares during the period. Diversified Trust Co’s holdings in Newmark Group were worth $486,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of NMRK. Creative Planning lifted its stake in Newmark Group by 3.0% in the 2nd quarter. Creative Planning now owns 39,393 shares of the company’s stock valued at $403,000 after buying an additional 1,131 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Newmark Group by 6.1% in the second quarter. Hsbc Holdings PLC now owns 24,870 shares of the company’s stock valued at $253,000 after acquiring an additional 1,420 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Newmark Group by 21.0% during the second quarter. Mackenzie Financial Corp now owns 12,389 shares of the company’s stock valued at $127,000 after acquiring an additional 2,153 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Newmark Group by 19.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 14,526 shares of the company’s stock worth $149,000 after purchasing an additional 2,324 shares in the last quarter. Finally, Oliver Luxxe Assets LLC raised its stake in Newmark Group by 3.4% in the 4th 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 last quarter. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Wall Street Analyst Weigh In

NMRK has been the topic of several analyst reports. Wolfe Research cut shares of Newmark Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 25th. The Goldman Sachs Group began coverage on shares of Newmark Group in a research note on Friday, December 6th. They issued a “buy” rating and a $19.00 target price for the company.

Newmark Group Price Performance

NMRK stock opened at $11.95 on Friday. The company has a market cap of $2.04 billion, a PE ratio of 39.83 and a beta of 1.99. 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 stock has a 50-day moving average price of $14.32 and a two-hundred day moving average price of $13.67. Newmark Group, Inc. has a 12-month low of $9.22 and a 12-month high of $16.10.

Newmark Group (NASDAQ:NMRK) last issued its earnings results on Tuesday, November 5th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Newmark Group had a return on equity of 18.95% and a net margin of 2.00%. The business had revenue of $685.90 million during the quarter, compared to analysts’ expectations of $682.07 million. During the same quarter in the previous year, the business earned $0.27 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, research analysts predict that Newmark Group, Inc. will post 1.15 EPS for the current year.

Newmark Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were given a dividend of $0.03 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.12 dividend on an annualized basis and a yield of 1.00%. Newmark Group’s dividend payout ratio (DPR) is 40.00%.

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.