New York State Teachers Retirement System Takes $135,000 Position in Newmark Group, Inc. (NASDAQ:NMRK)

New York State Teachers Retirement System acquired a new stake in Newmark Group, Inc. (NASDAQ:NMRK) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 12,348 shares of the company’s stock, valued at approximately $135,000.

Other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors boosted its stake in shares of Newmark Group by 44.0% in the 2nd quarter. Captrust Financial Advisors now owns 3,849 shares of the company’s stock valued at $37,000 after purchasing an additional 1,176 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Newmark Group by 65.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,157 shares of the company’s stock valued at $33,000 after buying an additional 2,040 shares during the last quarter. Bessemer Group Inc. raised its holdings in Newmark Group by 6,298.8% during the 4th quarter. Bessemer Group Inc. now owns 5,183 shares of the company’s stock valued at $41,000 after buying an additional 5,102 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Newmark Group during the 3rd quarter valued at $44,000. Finally, Lazard Asset Management LLC raised its holdings in Newmark Group by 117.8% during the 3rd quarter. Lazard Asset Management LLC now owns 7,161 shares of the company’s stock valued at $46,000 after buying an additional 3,873 shares during the last quarter. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Newmark Group Stock Down 0.7 %

Shares of NASDAQ NMRK opened at $9.57 on Friday. 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, Inc. has a 12 month low of $5.07 and a 12 month high of $11.51. The firm has a market capitalization of $1.65 billion, a PE ratio of 38.28 and a beta of 1.97. The firm has a fifty day simple moving average of $10.63 and a two-hundred day simple moving average of $9.19.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. Newmark Group had a net margin of 1.72% and a return on equity of 17.03%. The business had revenue of $747.70 million during the quarter, compared to analyst estimates of $743.53 million. During the same period in the prior year, the business earned $0.32 EPS. Equities analysts expect that Newmark Group, Inc. will post 1.12 earnings per share for the current year.

Newmark Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.03 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.12 annualized dividend and a yield of 1.25%. Newmark Group’s dividend payout ratio (DPR) is presently 48.00%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Piper Sandler reiterated an “overweight” rating and set a $13.00 price target on shares of Newmark Group in a report on Tuesday, March 26th. Keefe, Bruyette & Woods upped their price target on shares of Newmark Group from $11.00 to $11.25 and gave the company a “market perform” rating in a report on Monday, February 26th.

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.