Knights of Columbus Asset Advisors LLC Takes $1.75 Million Position in Newmark Group, Inc. $NMRK

Knights of Columbus Asset Advisors LLC acquired a new position in Newmark Group, Inc. (NASDAQ:NMRK) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 93,700 shares of the company’s stock, valued at approximately $1,748,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NMRK. Royal Bank of Canada grew its stake in shares of Newmark Group by 16.5% in the first quarter. Royal Bank of Canada now owns 44,977 shares of the company’s stock worth $546,000 after acquiring an additional 6,375 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Newmark Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,330 shares of the company’s stock valued at $953,000 after purchasing an additional 3,430 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of 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. Caxton Associates LLP purchased a new position in shares of Newmark Group during the 1st quarter valued at about $276,000. Finally, Jane Street Group LLC grew its stake in shares of Newmark Group by 148.3% during the 1st 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 period. 58.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Newmark Group in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 15th. Barclays started coverage on shares of Newmark Group in a report on Tuesday, December 2nd. They issued an “overweight” rating and a $21.00 price target on the stock. Keefe, Bruyette & Woods boosted their target price on Newmark Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Finally, Citigroup reissued a “market outperform” rating on shares of Newmark Group in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $18.43.

Newmark Group Stock Up 0.7%

Shares of Newmark Group stock opened at $17.83 on Friday. The firm’s 50 day moving average price is $17.38 and its 200-day moving average price is $17.25. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.46. Newmark Group, Inc. has a 52-week low of $9.65 and a 52-week high of $19.83. The company has a market cap of $3.22 billion, a P/E ratio of 31.28 and a beta of 1.93.

Newmark Group (NASDAQ:NMRK) last released its earnings results on Thursday, October 30th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. The firm had revenue of $863.46 million for the quarter, compared to the consensus estimate of $767.12 million. Newmark Group had a return on equity of 23.69% and a net margin of 3.26%.The firm’s revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. On average, sell-side analysts predict that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

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.