Newmark Group, Inc. (NASDAQ:NMRK) Shares Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. increased its position in Newmark Group, Inc. (NASDAQ:NMRK) by 19.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,620 shares of the company’s stock after acquiring an additional 2,504 shares during the period. Meeder Asset Management Inc.’s holdings in Newmark Group were worth $200,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers grew its stake in shares of Newmark Group by 0.5% in the 4th quarter. Rhumbline Advisers now owns 237,015 shares of the company’s stock worth $3,036,000 after purchasing an additional 1,201 shares during the last quarter. Assetmark Inc. lifted its stake in Newmark Group by 43.5% during the fourth quarter. Assetmark Inc. now owns 8,585 shares of the company’s stock valued at $110,000 after purchasing an additional 2,602 shares during the last quarter. Sei Investments Co. boosted its holdings in Newmark Group by 2.5% during the fourth quarter. Sei Investments Co. now owns 120,691 shares of the company’s stock worth $1,546,000 after buying an additional 2,976 shares in the last quarter. Oliver Luxxe Assets LLC grew its position in Newmark Group by 3.4% in the fourth quarter. Oliver Luxxe Assets LLC now owns 101,743 shares of the company’s stock worth $1,303,000 after buying an additional 3,353 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Newmark Group by 32.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 16,473 shares of the company’s stock valued at $211,000 after buying an additional 4,019 shares in the last quarter. 58.42% of the stock is owned by institutional investors and hedge funds.

Newmark Group Stock Up 0.5 %

Shares of NASDAQ:NMRK opened at $12.17 on Tuesday. The firm has a 50 day simple moving average of $13.54 and a 200 day simple moving average of $14.17. Newmark Group, Inc. has a 52 week low of $9.44 and a 52 week high of $16.10. 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 has a market cap of $2.20 billion, a PE ratio of 34.77 and a beta of 1.96.

Newmark Group (NASDAQ:NMRK) last released its earnings results on Friday, February 14th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The company had revenue of $888.30 million during the quarter, compared to analyst estimates of $790.76 million. During the same quarter in the prior year, the company earned $0.46 earnings per share. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. As a group, research analysts expect that Newmark Group, Inc. will post 1.45 earnings per share for the current year.

Newmark Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid 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 yield of 0.99%. Newmark Group’s dividend payout ratio (DPR) is presently 34.29%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group decreased their target price on Newmark Group from $19.50 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th.

About Newmark Group

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.