Principal Financial Group Inc. Sells 53,355 Shares of Newmark Group, Inc. $NMRK

Principal Financial Group Inc. lowered its holdings in Newmark Group, Inc. (NASDAQ:NMRK) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,330,435 shares of the company’s stock after selling 53,355 shares during the period. Principal Financial Group Inc. owned approximately 1.29% of Newmark Group worth $40,410,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NMRK. Royal Bank of Canada boosted its position in shares of Newmark Group by 16.5% during the 1st quarter. Royal Bank of Canada now owns 44,977 shares of the company’s stock worth $546,000 after acquiring an additional 6,375 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Newmark Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,330 shares of the company’s stock worth $953,000 after acquiring an additional 3,430 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Newmark Group by 2.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,481,417 shares of the company’s stock worth $30,199,000 after acquiring an additional 55,628 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Newmark Group during the 1st quarter worth approximately $276,000. Finally, Jane Street Group LLC boosted its position in shares of Newmark Group by 148.3% during the 1st quarter. Jane Street Group LLC now owns 390,633 shares of the company’s stock worth $4,754,000 after acquiring an additional 233,330 shares in the last quarter. Institutional investors own 58.42% of the company’s stock.

Newmark Group Trading Down 0.8%

NMRK opened at $16.73 on Friday. Newmark Group, Inc. has a twelve month low of $10.20 and a twelve month high of $19.83. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average of $15.16 and a 200-day moving average of $16.42. The stock has a market cap of $3.09 billion, a PE ratio of 20.65 and a beta of 1.76.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.08 earnings per share for the quarter. The company had revenue of $846.52 million during the quarter. Newmark Group had a net margin of 4.30% and a return on equity of 26.46%. On average, sell-side analysts predict that Newmark Group, Inc. will post 1.91 EPS for the current year.

Newmark Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 14th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. This is a positive change from Newmark Group’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, May 14th. Newmark Group’s payout ratio is 14.81%.

Analyst Ratings Changes

Several brokerages recently commented on NMRK. Barclays dropped their price objective on shares of Newmark Group from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Keefe, Bruyette & Woods increased their price objective on shares of Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a research note on Friday, May 1st. Wall Street Zen raised shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Newmark Group in a research note on Tuesday, April 21st. Finally, Citizens Jmp increased their price objective on shares of Newmark Group from $21.00 to $22.00 and gave the company a “market outperform” rating in a research note on Friday, May 1st. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.50.

About Newmark Group

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.