Segall Bryant & Hamill LLC Has $3.80 Million Stake in Newmark Group, Inc. (NASDAQ:NMRK)

Segall Bryant & Hamill LLC reduced its stake in Newmark Group, Inc. (NASDAQ:NMRK) by 7.7% during the 4th quarter, HoldingsChannel reports. The fund owned 296,370 shares of the company’s stock after selling 24,734 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Newmark Group were worth $3,796,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new stake in shares of Newmark Group in the third quarter valued at about $819,000. Charles Schwab Investment Management Inc. lifted its stake in Newmark Group by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,152,232 shares of the company’s stock valued at $33,424,000 after acquiring an additional 85,728 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Newmark Group by 6.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 76,602 shares of the company’s stock worth $1,190,000 after acquiring an additional 4,834 shares during the last quarter. Captrust Financial Advisors bought a new position in shares of Newmark Group during the 3rd quarter worth approximately $835,000. Finally, Edgestream Partners L.P. acquired a new stake in shares of Newmark Group in the third quarter valued at approximately $1,470,000. 58.42% of the stock is owned by institutional investors and hedge funds.

Newmark Group Stock Down 1.1 %

NMRK stock opened at $12.48 on Friday. Newmark Group, Inc. has a twelve month low of $9.44 and a twelve month high of $16.10. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 35.66 and a beta of 1.96. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average price of $13.58 and a two-hundred day moving average price of $14.21.

Newmark Group (NASDAQ:NMRK) last issued its earnings results on Friday, February 14th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. The business had revenue of $888.30 million for the quarter, compared to the consensus estimate of $790.76 million. Newmark Group had a net margin of 2.22% and a return on equity of 20.74%. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 earnings per share. Analysts anticipate that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.03 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.12 annualized dividend and a yield of 0.96%. Newmark Group’s dividend payout ratio (DPR) is currently 34.29%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group decreased their target price on shares of Newmark Group from $19.50 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th.

Newmark Group Company 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.