Jefferies Financial Group Inc. Raises Position in Newmark Group, Inc. $NMRK

Jefferies Financial Group Inc. boosted its stake in Newmark Group, Inc. (NASDAQ:NMRK) by 29.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 566,847 shares of the company’s stock after buying an additional 128,697 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Newmark Group were worth $9,829,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Ameriprise Financial Inc. lifted its holdings 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 period. Goldman Sachs Group Inc. lifted 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 buying an additional 55,628 shares during the period. JPMorgan Chase & Co. lifted its holdings in Newmark Group by 32.1% in 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 period. Invesco Ltd. lifted its holdings in Newmark Group by 5.6% in the third quarter. Invesco Ltd. now owns 1,673,354 shares of the company’s stock worth $31,208,000 after buying an additional 88,647 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in shares of Newmark Group by 24.5% during the third quarter. Raymond James Financial Inc. now owns 1,663,932 shares of the company’s stock valued at $31,032,000 after purchasing an additional 327,230 shares during the last quarter. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NMRK shares. Barclays lowered their target price on shares of Newmark Group from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Keefe, Bruyette & Woods lifted their target price on shares of Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a report on Friday, May 1st. Citizens Jmp lifted their target price on shares of Newmark Group from $21.00 to $22.00 and gave the company a “market outperform” rating in a report on Friday, May 1st. Wall Street Zen upgraded shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. Finally, Weiss Ratings upgraded shares of Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. 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, the company has a consensus rating of “Moderate Buy” and an average price target of $19.63.

Newmark Group Price Performance

NMRK stock opened at $14.60 on Monday. The firm has a 50 day moving average price of $15.29 and a 200-day moving average price of $16.14. Newmark Group, Inc. has a 52-week low of $10.45 and a 52-week high of $19.83. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 18.02 and a beta of 1.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.48 and a current ratio of 0.48.

Newmark Group (NASDAQ:NMRK) last released its earnings results on Friday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter. Newmark Group had a net margin of 4.30% and a return on equity of 26.23%. The firm had revenue of $846.52 million during the quarter. Equities research analysts forecast 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 will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, May 14th. This is an increase from Newmark Group’s previous quarterly dividend of $0.03. Newmark Group’s dividend payout ratio (DPR) 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.