First Trust Advisors LP raised its position in shares of Newmark Group, Inc. (NASDAQ:NMRK – Free Report) by 131.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,847 shares of the company’s stock after buying an additional 50,966 shares during the quarter. First Trust Advisors LP’s holdings in Newmark Group were worth $1,347,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in Newmark Group by 4.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,343,384 shares of the company’s stock worth $80,095,000 after acquiring an additional 227,649 shares during the period. Ameriprise Financial Inc. grew its position in Newmark Group by 88.9% in the second quarter. Ameriprise Financial Inc. now owns 2,520,314 shares of the company’s stock worth $30,622,000 after acquiring an additional 1,186,191 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Newmark Group by 2.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,481,417 shares of the company’s stock worth $30,199,000 after purchasing an additional 55,628 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of Newmark Group by 422.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,039,976 shares of the company’s stock worth $35,373,000 after acquiring an additional 1,649,189 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Newmark Group by 5.6% during the third quarter. Invesco Ltd. now owns 1,673,354 shares of the company’s stock valued at $31,208,000 after purchasing an additional 88,647 shares during the last quarter. Institutional investors and hedge funds own 58.42% of the company’s stock.
Newmark Group Price Performance
NASDAQ:NMRK opened at $14.81 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.48 and a current ratio of 0.48. The company has a 50-day moving average of $15.16 and a 200-day moving average of $15.33. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 18.28 and a beta of 1.68. Newmark Group, Inc. has a 52 week low of $13.36 and a 52 week high of $19.83.
Newmark Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $0.06 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.6%. Newmark Group’s payout ratio is 29.63%.
Wall Street Analysts Forecast Growth
NMRK has been the subject of a number of analyst reports. Citizens Jmp boosted their price objective on shares of Newmark Group from $21.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Friday, May 1st. Weiss Ratings upgraded shares of Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Keefe, Bruyette & Woods lifted their target price on shares of Newmark Group from $18.00 to $18.50 and gave the stock an “outperform” rating in a report on Friday, May 1st. Zacks Research raised shares of Newmark Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen cut shares of Newmark Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $19.62.
Check Out Our Latest Research Report 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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