Empirical Asset Management LLC Acquires Shares of 136,016 Newmark Group, Inc. (NASDAQ:NMRK)

Empirical Asset Management LLC bought a new position in shares of Newmark Group, Inc. (NASDAQ:NMRK) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 136,016 shares of the company’s stock, valued at approximately $1,742,000. Empirical Asset Management LLC owned about 0.08% of Newmark Group as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of Newmark Group by 5.7% in the third quarter. Geode Capital Management LLC now owns 3,554,867 shares of the company’s stock worth $55,216,000 after buying an additional 190,974 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Newmark Group by 13.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,223,807 shares of the company’s stock worth $19,006,000 after purchasing an additional 143,251 shares in the last quarter. Barclays PLC boosted its holdings in shares of Newmark Group by 352.8% during the 3rd quarter. Barclays PLC now owns 227,099 shares of the company’s stock worth $3,526,000 after purchasing an additional 176,947 shares during the last quarter. Algert Global LLC grew its position in shares of Newmark Group by 64.3% in the third quarter. Algert Global LLC now owns 238,138 shares of the company’s stock valued at $3,698,000 after purchasing an additional 93,160 shares in the last quarter. Finally, Systematic Financial Management LP increased its holdings in shares of Newmark Group by 11.9% in the second quarter. Systematic Financial Management LP now owns 928,935 shares of the company’s stock valued at $9,503,000 after purchasing an additional 98,532 shares during the last quarter. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Newmark Group Trading Up 0.3 %

Shares of Newmark Group stock opened at $13.29 on Friday. The stock has a 50 day moving average of $14.08 and a 200 day moving average of $13.77. 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 firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 44.30 and a beta of 1.99. Newmark Group, Inc. has a fifty-two week low of $9.44 and a fifty-two week high of $16.10.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $685.90 million for the quarter, compared to analyst estimates of $682.07 million. Newmark Group had a return on equity of 18.95% and a net margin of 2.00%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 EPS. As a group, research analysts predict that Newmark Group, Inc. will post 1.15 earnings per share for the current year.

Newmark Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Thursday, November 21st. Newmark Group’s dividend payout ratio is presently 40.00%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NMRK. The Goldman Sachs Group started coverage on Newmark Group in a research note on Friday, December 6th. They set a “buy” rating and a $19.00 price objective on the stock. Wolfe Research cut shares of Newmark Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 25th.

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.