Sei Investments Co. increased its stake in shares of Newmark Group, Inc. (NASDAQ:NMRK – Free Report) by 9.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 814,101 shares of the company’s stock after purchasing an additional 71,516 shares during the period. Sei Investments Co.’s holdings in Newmark Group were worth $12,203,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Millstone Evans Group LLC grew its holdings in Newmark Group by 366.3% during the 1st quarter. Millstone Evans Group LLC now owns 1,646 shares of the company’s stock valued at $25,000 after buying an additional 1,293 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Newmark Group during the third quarter valued at about $29,000. Larson Financial Group LLC lifted its holdings in shares of Newmark Group by 98.9% in the third quarter. Larson Financial Group LLC now owns 1,840 shares of the company’s stock worth $34,000 after buying an additional 915 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Newmark Group by 42.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,676 shares of the company’s stock worth $46,000 after buying an additional 797 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Newmark Group by 4,587.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,687 shares of the company’s stock valued at $82,000 after acquiring an additional 4,587 shares during the period. Institutional investors own 58.42% of the company’s stock.
Newmark Group Stock Performance
Shares of NMRK opened at $14.99 on Friday. Newmark Group, Inc. has a 12-month low of $13.36 and a 12-month high of $19.83. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.50. The company has a market cap of $2.66 billion, a PE ratio of 18.51 and a beta of 1.68. The stock has a 50-day moving average price of $15.07 and a 200-day moving average price of $15.41.
Newmark Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 14th. Newmark Group’s payout ratio is currently 29.63%.
Wall Street Analyst Weigh In
Several equities analysts recently commented on NMRK shares. 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. Wall Street Zen upgraded shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Zacks Research raised shares of Newmark Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Keefe, Bruyette & Woods upped their price target on shares of Newmark Group from $18.00 to $18.50 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, Citizens Jmp upped their price target on shares of Newmark Group from $21.00 to $22.00 and gave the stock a “market outperform” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $19.62.
Read Our Latest Analysis on NMRK
Newmark Group 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.
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