Newmark Group, Inc. (NASDAQ:NMRK) Shares Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC increased its stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 79,900 shares of the company’s stock after purchasing an additional 1,035 shares during the period. MetLife Investment Management LLC’s holdings in Newmark Group were worth $1,024,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NMRK. Barclays PLC raised its holdings in Newmark Group by 0.3% in the 4th quarter. Barclays PLC now owns 227,866 shares of the company’s stock valued at $2,919,000 after acquiring an additional 767 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Newmark Group by 0.5% in the fourth quarter. Rhumbline Advisers now owns 237,015 shares of the company’s stock valued at $3,036,000 after purchasing an additional 1,201 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Newmark Group by 19.1% during the fourth quarter. Meeder Asset Management Inc. now owns 15,620 shares of the company’s stock worth $200,000 after buying an additional 2,504 shares in the last quarter. Assetmark Inc. boosted its stake in Newmark Group by 43.5% during the fourth quarter. Assetmark Inc. now owns 8,585 shares of the company’s stock worth $110,000 after buying an additional 2,602 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Newmark Group by 2.5% in the 4th quarter. Sei Investments Co. now owns 120,691 shares of the company’s stock valued at $1,546,000 after buying an additional 2,976 shares in the last quarter. 58.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods reduced their price target on Newmark Group from $14.50 to $14.00 and set an “outperform” rating on the stock in a report on Friday. The Goldman Sachs Group dropped their price target on shares of Newmark Group from $19.50 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th.

Newmark Group Stock Performance

Shares of NMRK stock opened at $11.13 on Friday. The firm has a market cap of $2.01 billion, a P/E ratio of 31.80 and a beta of 1.69. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42. Newmark Group, Inc. has a one year low of $9.64 and a one year high of $16.10. The firm’s 50 day moving average price is $11.86 and its 200-day moving average price is $13.41.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The firm had revenue of $665.49 million for the quarter, compared to the consensus estimate of $609.28 million. During the same quarter in the previous year, the business earned $0.15 EPS. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. As a group, equities research analysts predict that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Monday, March 3rd. Newmark Group’s dividend payout ratio (DPR) is currently 34.29%.

Newmark Group 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.