Quantbot Technologies LP increased its position in shares of Newmark Group, Inc. (NASDAQ:NMRK – Free Report) by 2,289.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 157,827 shares of the company’s stock after buying an additional 151,222 shares during the quarter. Quantbot Technologies LP’s holdings in Newmark Group were worth $2,943,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Xponance Inc. raised its holdings in shares of Newmark Group by 15.9% in the 3rd quarter. Xponance Inc. now owns 12,242 shares of the company’s stock valued at $228,000 after purchasing an additional 1,683 shares during the period. Counterpoint Mutual Funds LLC bought a new position in shares of Newmark Group during the third quarter worth approximately $349,000. Brummer Multi Strategy AB acquired a new position in Newmark Group in the 3rd quarter valued at $3,535,000. JPMorgan Chase & Co. lifted its position in Newmark Group by 32.1% during the third quarter. JPMorgan Chase & Co. now owns 1,793,401 shares of the company’s stock worth $33,447,000 after purchasing an additional 435,646 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Newmark Group by 4.8% during the 3rd quarter. Rhumbline Advisers now owns 244,671 shares of the company’s stock worth $4,563,000 after acquiring an additional 11,173 shares in the last quarter. 58.42% of the stock is currently owned by institutional investors and hedge funds.
Newmark Group Price Performance
Shares of NASDAQ NMRK opened at $14.18 on Tuesday. The stock has a fifty day moving average of $16.59 and a 200-day moving average of $17.41. Newmark Group, Inc. has a fifty-two week low of $9.65 and a fifty-two week high of $19.83. The stock has a market cap of $2.56 billion, a PE ratio of 20.85 and a beta of 1.89. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.39 and a current ratio of 0.39.
Newmark Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, March 13th. Newmark Group’s dividend payout ratio (DPR) is presently 17.65%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on NMRK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Newmark Group in a research report on Thursday, January 22nd. Wall Street Zen lowered Newmark Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Keefe, Bruyette & Woods cut their price target on shares of Newmark Group from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Monday. Citigroup reaffirmed a “market outperform” rating on shares of Newmark Group in a research report on Thursday, December 18th. Finally, Barclays initiated coverage on Newmark Group in a research report on Tuesday, December 2nd. They issued an “overweight” rating and a $21.00 target price for the company. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $18.00.
Check Out Our Latest Stock Analysis on NMRK
Newmark Group Company Profile
Newmark Group, Inc is a publicly traded commercial real estate advisory firm headquartered in New York City. The company provides a comprehensive suite of services to real estate investors, occupiers and developers, including leasing advisory, property management, capital markets placement, loan servicing, valuation and advisory services. Newmark’s platform integrates local market expertise with national reach to support clients across diverse property types such as office, industrial, retail, multifamily and specialty assets.
Operating across two principal segments—global corporate services and capital markets & property-level services—Newmark delivers tailored solutions encompassing tenant representation, landlord leasing, investment sales, debt and equity financing, and appraisal services.
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