Newmark Group, Inc. (NASDAQ:NMRK) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC decreased its holdings in Newmark Group, Inc. (NASDAQ:NMRK) by 13.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,484,589 shares of the company’s stock after selling 553,597 shares during the quarter. River Road Asset Management LLC owned 2.02% of Newmark Group worth $38,191,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NMRK. Tower Research Capital LLC TRC increased its holdings in shares of Newmark Group by 65.4% in the third quarter. Tower Research Capital LLC TRC now owns 5,157 shares of the company’s stock valued at $33,000 after purchasing an additional 2,040 shares during the last quarter. Captrust Financial Advisors increased its stake in Newmark Group by 44.0% during the second quarter. Captrust Financial Advisors now owns 3,849 shares of the company’s stock worth $37,000 after acquiring an additional 1,176 shares during the last quarter. Bessemer Group Inc. increased its stake in Newmark Group by 6,298.8% during the fourth quarter. Bessemer Group Inc. now owns 5,183 shares of the company’s stock worth $41,000 after acquiring an additional 5,102 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Newmark Group during the third quarter worth $44,000. Finally, Lazard Asset Management LLC boosted its position in shares of Newmark Group by 117.8% during the third quarter. Lazard Asset Management LLC now owns 7,161 shares of the company’s stock worth $46,000 after buying an additional 3,873 shares during the period. Institutional investors and hedge funds own 58.42% of the company’s stock.

Newmark Group Stock Down 0.8 %

NASDAQ:NMRK traded down $0.08 during midday trading on Wednesday, reaching $9.51. The company had a trading volume of 656,766 shares, compared to its average volume of 1,052,014. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 38.16 and a beta of 1.97. The stock’s fifty day simple moving average is $10.68 and its 200-day simple moving average is $9.17. Newmark Group, Inc. has a 12-month low of $5.07 and a 12-month high of $11.51. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. The company had revenue of $747.70 million during the quarter, compared to the consensus estimate of $743.53 million. Newmark Group had a return on equity of 17.03% and a net margin of 1.72%. During the same period in the previous year, the business earned $0.32 EPS. On average, sell-side analysts anticipate that Newmark Group, Inc. will post 1.12 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

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

Wall Street Analyst Weigh In

NMRK has been the subject of several research analyst reports. Piper Sandler restated an “overweight” rating and set a $13.00 price target on shares of Newmark Group in a research report on Tuesday, March 26th. Keefe, Bruyette & Woods raised their price target on Newmark Group from $11.00 to $11.25 and gave the stock a “market perform” rating in a research report on Monday, February 26th.

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.