Hsbc Holdings PLC bought a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK – Free Report) in the 4th quarter, HoldingsChannel reports. The firm bought 47,314 shares of the company’s stock, valued at approximately $820,000.
A number of other large investors have also recently added to or reduced their stakes in the business. 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 buying an additional 1,186,191 shares during the last quarter. Goldman Sachs Group Inc. lifted 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 valued at $30,199,000 after acquiring an additional 55,628 shares during 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. JPMorgan Chase & Co. boosted its stake in shares of Newmark Group by 32.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,793,401 shares of the company’s stock worth $33,447,000 after acquiring an additional 435,646 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Newmark Group by 5.6% in the 3rd quarter. Invesco Ltd. now owns 1,673,354 shares of the company’s stock worth $31,208,000 after acquiring an additional 88,647 shares during the last quarter. 58.42% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on NMRK shares. Keefe, Bruyette & Woods boosted their target price on Newmark Group from $18.00 to $18.50 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Citizens Jmp increased their price target on Newmark Group from $21.00 to $22.00 and gave the company a “market outperform” rating in a research report on Friday, May 1st. Wall Street Zen upgraded Newmark Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Weiss Ratings raised Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Piper Sandler restated an “overweight” rating and set a $19.00 price objective on shares of Newmark Group in a report on Monday, June 29th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.62.
Newmark Group Stock Down 2.6%
Newmark Group stock opened at $14.70 on Wednesday. The firm has a market cap of $2.61 billion, a PE ratio of 18.15 and a beta of 1.68. 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 firm’s 50 day moving average price is $15.04 and its two-hundred day moving average price is $15.58. Newmark Group, Inc. has a twelve month low of $12.06 and a twelve month high of $19.83.
Newmark Group (NASDAQ:NMRK – Get Free Report) last released its earnings results on Friday, May 8th. The company reported $0.08 earnings per share (EPS) 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 26.23%. On average, research analysts predict that Newmark Group, Inc. will post 1.91 EPS for the current fiscal year.
Newmark Group Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were issued a dividend of $0.06 per share. This is a positive change from Newmark Group’s previous quarterly dividend of $0.03. This represents a $0.24 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Thursday, May 14th. Newmark Group’s dividend payout ratio is 29.63%.
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.
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