Inspire Investing LLC purchased a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 110,288 shares of the company’s stock, valued at approximately $1,653,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in Newmark Group by 16.5% in the 1st quarter. Royal Bank of Canada now owns 44,977 shares of the company’s stock valued at $546,000 after buying an additional 6,375 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 during the last quarter. Goldman Sachs Group Inc. increased its position in Newmark Group by 2.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,481,417 shares of the company’s stock valued at $30,199,000 after acquiring an additional 55,628 shares during the period. Caxton Associates LLP acquired a new position in Newmark Group in the 1st quarter valued at approximately $276,000. Finally, Jane Street Group LLC raised its stake in shares of Newmark Group by 148.3% during the first quarter. Jane Street Group LLC now owns 390,633 shares of the company’s stock valued at $4,754,000 after acquiring an additional 233,330 shares during the last quarter. 58.42% of the stock is currently owned by institutional investors.
Newmark Group Trading Down 1.0%
NMRK opened at $15.11 on Wednesday. Newmark Group, Inc. has a twelve month low of $11.98 and a twelve month high of $19.83. The company has a fifty day moving average of $15.21 and a 200-day moving average of $15.72. The stock has a market cap of $2.68 billion, a PE ratio of 18.65 and a beta of 1.69. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.50.
Newmark Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were given a $0.06 dividend. This is a boost from Newmark Group’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.6%. Newmark Group’s dividend payout ratio is 29.63%.
Analysts Set New Price Targets
A number of equities analysts have recently commented on NMRK shares. Piper Sandler reiterated an “overweight” rating and set a $19.00 price target on shares of Newmark Group in a report on Monday. Weiss Ratings upgraded Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Barclays decreased their price target on 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 lifted their price objective on Newmark Group from $18.00 to $18.50 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Finally, Citizens Jmp lifted their price objective on Newmark Group from $21.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $19.62.
View Our Latest 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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