First Trust Advisors LP boosted its stake in Newmark Group, Inc. (NASDAQ:NMRK – Free Report) by 131.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 89,847 shares of the company’s stock after buying an additional 50,966 shares during the quarter. First Trust Advisors LP’s holdings in Newmark Group were worth $1,347,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada raised its position 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 valued at $546,000 after buying an additional 6,375 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Newmark Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,330 shares of the company’s stock valued at $953,000 after buying an additional 3,430 shares during the period. Goldman Sachs Group Inc. lifted its holdings 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 in the last quarter. Caxton Associates LLP acquired a new stake in Newmark Group in the 1st quarter valued at $276,000. Finally, Jane Street Group LLC raised its position in Newmark Group by 148.3% in the first quarter. Jane Street Group LLC now owns 390,633 shares of the company’s stock valued at $4,754,000 after purchasing an additional 233,330 shares during the period. 58.42% of the stock is owned by institutional investors and hedge funds.
Newmark Group Stock Performance
NMRK stock opened at $14.81 on Monday. The company has a 50-day simple moving average of $15.16 and a 200 day simple moving average of $15.33. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $2.63 billion, a P/E ratio of 18.28 and a beta of 1.68. Newmark Group, Inc. has a fifty-two week low of $13.36 and a fifty-two week high of $19.83.
Newmark Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, August 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.6%. Newmark Group’s dividend payout ratio (DPR) is 29.63%.
Analyst Ratings Changes
Several research firms recently commented on NMRK. Weiss Ratings raised Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Piper Sandler reaffirmed an “overweight” rating and set a $19.00 price target on shares of Newmark Group in a research report on Monday, June 29th. Keefe, Bruyette & Woods raised 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. Zacks Research raised shares of Newmark Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen lowered shares of Newmark Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $19.62.
View Our Latest Stock Report on Newmark Group
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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