Bank of New York Mellon Corp increased its holdings in Newmark Group Inc (NASDAQ:NMRK) by 27.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,867,135 shares of the company’s stock after buying an additional 616,088 shares during the period. Bank of New York Mellon Corp owned about 1.61% of Newmark Group worth $13,934,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of NMRK. Envestnet Asset Management Inc. raised its stake in Newmark Group by 11.6% in the first quarter. Envestnet Asset Management Inc. now owns 65,572 shares of the company’s stock worth $279,000 after buying an additional 6,835 shares in the last quarter. Comerica Bank bought a new position in Newmark Group in the first quarter worth approximately $39,000. Aperio Group LLC raised its stake in Newmark Group by 19.0% in the first quarter. Aperio Group LLC now owns 40,843 shares of the company’s stock worth $174,000 after buying an additional 6,516 shares in the last quarter. Creative Planning purchased a new position in Newmark Group in the first quarter worth $44,000. Finally, Arizona State Retirement System purchased a new position in Newmark Group in the first quarter worth $150,000. 54.95% of the stock is owned by institutional investors.

NMRK opened at $4.66 on Wednesday. Newmark Group Inc has a twelve month low of $2.49 and a twelve month high of $13.85. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.33. The company has a 50-day moving average price of $4.35 and a 200 day moving average price of $4.67. The company has a market cap of $835.33 million, a PE ratio of 11.10, a price-to-earnings-growth ratio of 0.44 and a beta of 1.63.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.11). Newmark Group had a net margin of 3.98% and a return on equity of 37.00%. As a group, sell-side analysts expect that Newmark Group Inc will post 0.97 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Wednesday, August 26th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $0.04 annualized dividend and a yield of 0.86%. Newmark Group’s dividend payout ratio is presently 2.47%.

Several equities analysts have issued reports on the stock. Raymond James cut their price target on shares of Newmark Group from $14.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. BidaskClub raised shares of Newmark Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 9th. Zacks Investment Research lowered shares of Newmark Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. Wedbush decreased their price objective on shares of Newmark Group from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Tuesday, September 1st. Finally, Piper Sandler upped their price objective on shares of Newmark Group from $4.50 to $5.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Newmark Group currently has an average rating of “Hold” and an average target price of $6.75.

Newmark Group Profile

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 Newmark Knight Frank name.

Featured Story: Yield Curve

Institutional Ownership by Quarter for Newmark Group (NASDAQ:NMRK)

Receive News & Ratings for Newmark Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmark Group and related companies with MarketBeat.com's FREE daily email newsletter.