Newmark Group, Inc. (NASDAQ:NMRK) Shares Bought by Alberta Investment Management Corp

Alberta Investment Management Corp increased its holdings in Newmark Group, Inc. (NASDAQ:NMRK) by 15.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 295,870 shares of the company’s stock after buying an additional 40,427 shares during the period. Alberta Investment Management Corp’s holdings in Newmark Group were worth $3,790,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in Newmark Group in the third quarter worth $112,000. Creative Planning increased its stake in shares of Newmark Group by 15.0% in the third quarter. Creative Planning now owns 45,308 shares of the company’s stock valued at $704,000 after purchasing an additional 5,915 shares during the period. Blue Trust Inc. increased its stake in shares of Newmark Group by 408.2% in the third quarter. Blue Trust Inc. now owns 9,401 shares of the company’s stock valued at $146,000 after purchasing an additional 7,551 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Newmark Group by 104.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 120,535 shares of the company’s stock worth $1,872,000 after buying an additional 61,563 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new stake in Newmark Group in the 3rd quarter valued at approximately $221,000. Institutional investors own 58.42% of the company’s stock.

Newmark Group Stock Performance

NMRK opened at $14.43 on Friday. The business has a 50 day moving average price of $13.46 and a two-hundred day moving average price of $14.18. Newmark Group, Inc. has a 1-year low of $9.44 and a 1-year high of $16.10. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 41.23 and a beta of 1.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42.

Newmark Group (NASDAQ:NMRK) last issued its earnings results on Friday, February 14th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. The firm had revenue of $888.30 million during 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 firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. Research analysts predict that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Monday, March 3rd. Newmark Group’s dividend payout ratio (DPR) is currently 34.29%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NMRK. Wolfe Research lowered Newmark Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 25th. The Goldman Sachs Group initiated coverage on shares of Newmark Group in a report on Friday, December 6th. They issued a “buy” rating and a $19.00 price objective for the company.

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.