BNP Paribas Financial Markets grew its stake in Newmark Group, Inc. (NASDAQ:NMRK – Free Report) by 52.7% in the fourth quarter, HoldingsChannel reports. The fund owned 410,944 shares of the company’s stock after acquiring an additional 141,835 shares during the period. BNP Paribas Financial Markets’ holdings in Newmark Group were worth $7,126,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP raised its stake in shares of Newmark Group by 2,289.5% in the third quarter. Quantbot Technologies LP now owns 157,827 shares of the company’s stock worth $2,943,000 after acquiring an additional 151,222 shares during the last quarter. Brummer Multi Strategy AB bought a new position in shares of Newmark Group in the third quarter worth about $3,535,000. Jefferies Financial Group Inc. raised its stake in shares of Newmark Group by 170.3% in the third quarter. Jefferies Financial Group Inc. now owns 438,150 shares of the company’s stock worth $8,171,000 after acquiring an additional 276,030 shares during the last quarter. Vision Capital Corp acquired a new stake in shares of Newmark Group during the 3rd quarter worth approximately $2,585,000. Finally, JPMorgan Chase & Co. raised its stake in shares of 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 buying an additional 435,646 shares during the last quarter. 58.42% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on NMRK. Weiss Ratings raised shares of Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Barclays dropped their price target 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 boosted their price target on shares of Newmark Group from $18.00 to $18.50 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Citizens Jmp boosted their price target 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. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.63.
Newmark Group Trading Up 3.4%
NMRK opened at $15.19 on Wednesday. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 18.75 and a beta of 1.69. The firm has a 50 day simple moving average of $15.27 and a 200 day simple moving average of $15.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.48. Newmark Group, Inc. has a fifty-two week low of $11.02 and a fifty-two week high of $19.83.
Newmark Group (NASDAQ:NMRK – Get Free Report) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter. The firm 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, sell-side analysts anticipate that Newmark Group, Inc. will post 1.91 earnings per share for the current 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 an increase from Newmark Group’s previous quarterly dividend of $0.03. This represents a $0.24 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, May 14th. Newmark Group’s dividend payout ratio is presently 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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