Newmark Group, Inc. (NASDAQ:NMRK) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its stake in shares of Newmark Group, Inc. (NASDAQ:NMRK – Get Rating) by 49.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,748 shares of the company’s stock after selling 12,407 shares during the quarter. Hsbc Holdings PLC’s holdings in Newmark Group were worth $103,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NMRK. Vanguard Group Inc. raised its holdings in shares of Newmark Group by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 26,213,288 shares of the company’s stock worth $417,315,000 after purchasing an additional 1,309,242 shares during the period. BlackRock Inc. lifted its position in Newmark Group by 0.5% during the first quarter. BlackRock Inc. now owns 11,063,026 shares of the company’s stock valued at $176,123,000 after buying an additional 50,137 shares in the last quarter. FMR LLC grew its stake in Newmark Group by 6.3% during the second quarter. FMR LLC now owns 4,694,777 shares of the company’s stock worth $45,399,000 after buying an additional 277,301 shares during the period. River Road Asset Management LLC increased its position in shares of Newmark Group by 2.6% in the third quarter. River Road Asset Management LLC now owns 3,585,752 shares of the company’s stock worth $28,901,000 after acquiring an additional 90,846 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Newmark Group by 1.0% in the 2nd quarter. State Street Corp now owns 3,301,776 shares of the company’s stock valued at $31,928,000 after acquiring an additional 32,090 shares during the period. 55.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NMRK. The Goldman Sachs Group increased their price target on Newmark Group from $8.00 to $9.00 and gave the company a “sell” rating in a report on Friday, February 17th. Raymond James decreased their price target on Newmark Group from $13.00 to $10.00 and set an “outperform” rating for the company in a report on Friday, January 20th.

Newmark Group Stock Performance

Newmark Group stock opened at $7.31 on Monday. Newmark Group, Inc. has a 52 week low of $7.24 and a 52 week high of $16.50. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.37. The stock has a market cap of $1.26 billion, a P/E ratio of 15.89 and a beta of 1.71. The stock has a 50 day moving average of $8.40 and a 200-day moving average of $8.63.

Newmark Group (NASDAQ:NMRK – Get Rating) last announced its quarterly earnings data on Thursday, February 16th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). The company had revenue of $607.30 million for the quarter, compared to analyst estimates of $670.56 million. Newmark Group had a return on equity of 22.68% and a net margin of 3.19%. Newmark Group’s revenue was down 38.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 earnings per share. On average, analysts expect that Newmark Group, Inc. will post 1.26 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 17th. Shareholders of record on Friday, March 3rd will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, March 2nd. Newmark Group’s payout ratio is currently 26.09%.

About Newmark Group

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Newmark Group Inc engages in the provision of commercial real estate services. It offers its services to commercial real estate tenants, investors, owners, occupiers, developers, leasing and corporate advisory, investment sales and real estate finance, consulting, origination and servicing of commercial mortgage loans, valuation, project and development management and property and facility management.