Newmark Group, Inc. (NASDAQ:NMRK) Shares Bought by Vanguard Group Inc. (2024)

Vanguard Group Inc. boosted its stake in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 3.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,474,932 shares of the company's stock after purchasing an additional 702,233 shares during the period. Vanguard Group Inc. owned about 11.86% of Newmark Group worth $227,067,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Paulson & CO. Inc. boosted its stake in Newmark Group by 133.5% during the fourth quarter. Paulson & CO. Inc. now owns 3,000,000 shares of the company's stock valued at $32,880,000 after buying an additional 1,715,375 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Newmark Group by 10.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,220,485 shares of the company's stock valued at $68,178,000 after acquiring an additional 570,935 shares during the last quarter. Wellington Management Group LLP purchased a new position in Newmark Group in the fourth quarter worth about $4,518,000. Assenagon Asset Management S.A. bought a new stake in Newmark Group during the fourth quarter worth approximately $3,349,000. Finally, Trexquant Investment LP boosted its holdings in shares of Newmark Group by 145.2% in the 4th quarter. Trexquant Investment LP now owns 281,636 shares of the company's stock worth $3,087,000 after purchasing an additional 166,780 shares during the period. 58.42% of the stock is currently owned by institutional investors.

Newmark Group Trading Down 1.8 %

NMRK stock traded down $0.24 during mid-day trading on Thursday, hitting $12.74. 2,041,189 shares of the company were exchanged, compared to its average volume of 1,045,210. The business has a fifty day simple moving average of $10.77 and a 200-day simple moving average of $10.53. The firm has a market capitalization of $2.20 billion, a P/E ratio of 57.91 and a beta of 2.02. Newmark Group, Inc. has a 12-month low of $5.09 and a 12-month high of $13.25. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.44.

Newmark Group (NASDAQ:NMRK - Get Free Report) last announced its earnings results on Friday, May 3rd. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). Newmark Group had a return on equity of 17.03% and a net margin of 1.47%. The business had revenue of $546.50 million for the quarter, compared to analysts' expectations of $526.07 million. During the same period in the previous year, the company earned $0.15 earnings per share. Newmark Group's quarterly revenue was up 4.9% on a year-over-year basis. On average, equities research analysts predict that Newmark Group, Inc. will post 1.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their target price on Newmark Group from $11.25 to $13.00 and gave the company a "market perform" rating in a research report on Thursday, July 25th.

Get Our Latest Stock Analysis on Newmark Group

About Newmark Group

(Free Report)

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.

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