Raymond James Financial Services Advisors Inc. Sells 2,817 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Raymond James Financial Services Advisors Inc. lessened its stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,174 shares of the company’s stock after selling 2,817 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Newmark Group were worth $517,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC increased 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 purchasing an additional 2,040 shares in the last quarter. Captrust Financial Advisors increased its holdings in Newmark Group by 44.0% during 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. Bessemer Group Inc. increased 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 purchasing an additional 5,102 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Newmark Group during the 3rd quarter valued at $44,000. Finally, Lazard Asset Management LLC increased 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 purchasing an additional 3,873 shares in the last quarter. Institutional investors own 58.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NMRK shares. Piper Sandler reaffirmed 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 raised their price target on 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 Stock Down 0.7 %

NASDAQ NMRK opened at $9.57 on Friday. The stock has a fifty day moving average of $10.63 and a 200-day moving average of $9.19. The stock has a market capitalization of $1.65 billion, a P/E ratio of 38.28 and a beta of 1.97. Newmark Group, Inc. has a 52 week low of $5.07 and a 52 week high of $11.51. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.59.

Newmark Group (NASDAQ:NMRK) last released its earnings results on Thursday, February 22nd. The company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $747.70 million during the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.32 EPS. On average, equities research analysts forecast that Newmark Group, Inc. will post 1.12 EPS for the current year.

Newmark Group Announces Dividend

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

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.