Newmark Group (NMRK) Sees Large Volume Increase

Shares of Newmark Group Inc (NASDAQ:NMRK) saw unusually-high trading volume on Monday . Approximately 9,498,181 shares traded hands during mid-day trading, an increase of 2,205% from the previous session’s volume of 412,079 shares.The stock last traded at $8.70 and had previously closed at $8.40.

NMRK has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Newmark Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Sandler O’Neill raised shares of Newmark Group from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Friday, October 12th. Finally, Raymond James lowered their target price on shares of Newmark Group from $20.00 to $18.00 and set an “outperform” rating on the stock in a research note on Friday, October 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Newmark Group has a consensus rating of “Buy” and a consensus target price of $17.86.

The company has a market cap of $1.30 billion and a price-to-earnings ratio of 7.57. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.42 and a current ratio of 0.42.

Newmark Group (NASDAQ:NMRK) last announced its earnings results on Thursday, October 25th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The company had revenue of $518.81 million during the quarter, compared to analysts’ expectations of $510.60 million. Newmark Group had a net margin of 2.28% and a return on equity of 54.81%. Analysts predict that Newmark Group Inc will post 1.49 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 28th. Investors of record on Wednesday, November 7th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend was Tuesday, November 6th. Newmark Group’s dividend payout ratio is currently 31.30%.

Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its stake in shares of Newmark Group by 4.6% during the second quarter. BlackRock Inc. now owns 3,077,689 shares of the company’s stock worth $43,796,000 after acquiring an additional 135,117 shares in the last quarter. Systematic Financial Management LP raised its stake in shares of Newmark Group by 1.1% during the third quarter. Systematic Financial Management LP now owns 1,106,495 shares of the company’s stock worth $12,382,000 after acquiring an additional 11,943 shares in the last quarter. River Road Asset Management LLC raised its stake in shares of Newmark Group by 13.8% during the third quarter. River Road Asset Management LLC now owns 760,003 shares of the company’s stock worth $8,504,000 after acquiring an additional 92,137 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Newmark Group by 99.9% during the third quarter. Point72 Asset Management L.P. now owns 624,814 shares of the company’s stock worth $6,992,000 after acquiring an additional 312,214 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Newmark Group by 7.5% during the second quarter. Northern Trust Corp now owns 510,390 shares of the company’s stock worth $7,263,000 after acquiring an additional 35,684 shares in the last quarter. 13.17% of the stock is currently owned by hedge funds and other institutional investors.

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Newmark Group Company Profile (NASDAQ:NMRK)

Newmark Group, Inc provides commercial real estate services in the United States and internationally. Its investor/owner services and products include capital markets, such as investment sales; and agency leasing, property management, valuation and advisory, and diligence and underwriting, as well as government sponsored enterprise lending, loan servicing, debt and structured finance, and loan sales under the Berkeley Point and NKF Capital Markets names.

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