Newmark Group, Inc. (NASDAQ:NMRK) Shares Sold by Tranquility Partners LLC

Tranquility Partners LLC lessened its holdings in Newmark Group, Inc. (NASDAQ:NMRK) by 11.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 136,522 shares of the company’s stock after selling 17,396 shares during the period. Tranquility Partners LLC’s holdings in Newmark Group were worth $1,496,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. American Century Companies Inc. lifted its stake in Newmark Group by 410.2% during the 3rd quarter. American Century Companies Inc. now owns 1,672,287 shares of the company’s stock worth $10,753,000 after acquiring an additional 1,344,514 shares in the last quarter. Norges Bank acquired a new position in Newmark Group during the 4th quarter worth about $10,548,000. Vanguard Group Inc. lifted its stake in Newmark Group by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 26,213,288 shares of the company’s stock worth $417,315,000 after acquiring an additional 1,309,242 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Newmark Group by 142.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,176,781 shares of the company’s stock worth $34,654,000 after acquiring an additional 1,278,444 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Newmark Group by 361.9% during the 3rd quarter. New York State Common Retirement Fund now owns 1,106,494 shares of the company’s stock worth $7,115,000 after acquiring an additional 866,924 shares in the last quarter. Institutional investors and hedge funds own 58.42% of the company’s stock.

Newmark Group Stock Down 0.8 %

NMRK stock traded down $0.08 during mid-day trading on Wednesday, reaching $9.51. The company had a trading volume of 656,766 shares, compared to its average volume of 1,054,066. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 38.04 and a beta of 1.97. The firm has a fifty day simple moving average of $10.68 and a 200 day simple moving average of $9.17. Newmark Group, Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $11.51.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. The company had revenue of $747.70 million for the quarter, compared to analyst estimates of $743.53 million. Newmark Group had a return on equity of 17.03% and a net margin of 1.72%. During the same quarter last year, the company earned $0.32 EPS. Analysts forecast that Newmark Group, Inc. will post 1.12 earnings per share for the current fiscal year.

Newmark Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Thursday, March 7th. Newmark Group’s dividend payout ratio (DPR) is presently 48.00%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Piper Sandler reissued an “overweight” rating and set a $13.00 target price on shares of Newmark Group in a research note on Tuesday, March 26th. Keefe, Bruyette & Woods increased their price target on Newmark Group from $11.00 to $11.25 and gave the company a “market perform” rating in a research report on Monday, February 26th.

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.