11,676 Shares in Newmark Group, Inc. (NASDAQ:NMRK) Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. acquired a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) in the third quarter, HoldingsChannel reports. The fund acquired 11,676 shares of the company’s stock, valued at approximately $181,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in shares of Newmark Group by 1,017.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,137,630 shares of the company’s stock valued at $33,197,000 after buying an additional 1,946,322 shares during the last quarter. Vision Capital Corp acquired a new stake in Newmark Group in the third quarter valued at $17,203,000. Systematic Financial Management LP boosted its stake in Newmark Group by 53.1% during the 3rd quarter. Systematic Financial Management LP now owns 1,421,985 shares of the company’s stock valued at $22,083,000 after acquiring an additional 493,050 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Newmark Group by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,686,191 shares of the company’s stock worth $68,399,000 after acquiring an additional 480,047 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of Newmark Group by 153.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 599,351 shares of the company’s stock worth $6,131,000 after purchasing an additional 363,032 shares during the last quarter. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Newmark Group Stock Down 3.6 %

NASDAQ:NMRK opened at $14.12 on Wednesday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average of $15.06 and a 200-day moving average of $13.38. The firm has a market capitalization of $2.42 billion, a PE ratio of 47.07 and a beta of 1.96. Newmark Group, Inc. has a 52 week low of $9.22 and a 52 week high of $16.10.

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

Newmark Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.12 annualized dividend and a yield of 0.85%. Newmark Group’s dividend payout ratio is presently 40.00%.

Analyst Ratings Changes

NMRK has been the subject of a number of research reports. The Goldman Sachs Group assumed coverage on Newmark Group in a research note on Friday, December 6th. They issued a “buy” rating and a $19.00 price target for the company. Piper Sandler lifted their target price on Newmark Group from $13.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Keefe, Bruyette & Woods raised Newmark Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $13.50 to $16.50 in a research report on Thursday, September 5th. Finally, Wolfe Research downgraded shares of Newmark Group from an “outperform” rating to a “peer perform” rating in a report on Monday, November 25th.

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.