Segall Bryant & Hamill LLC lessened its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK – Free Report) by 17.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 218,840 shares of the company’s stock after selling 45,994 shares during the period. Segall Bryant & Hamill LLC owned 0.12% of Newmark Group worth $4,081,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brummer Multi Strategy AB bought a new stake in Newmark Group during the 3rd quarter worth about $3,535,000. 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. Boston Partners lifted its position in shares of Newmark Group by 65.2% during the second quarter. Boston Partners now owns 2,212,910 shares of the company’s stock worth $26,899,000 after purchasing an additional 873,180 shares in the last quarter. JPMorgan Chase & Co. grew 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 valued at $33,447,000 after purchasing an additional 435,646 shares during the last quarter. Finally, Capital Fund Management S.A. bought a new stake in shares of Newmark Group during the second quarter valued at approximately $890,000. 58.42% of the stock is currently owned by institutional investors and hedge funds.
Newmark Group Price Performance
Shares of NMRK opened at $14.71 on Friday. The stock has a market cap of $2.65 billion, a P/E ratio of 21.63 and a beta of 1.89. Newmark Group, Inc. has a 1 year low of $9.65 and a 1 year high of $19.83. The stock’s 50-day moving average price is $16.42 and its two-hundred day moving average price is $17.35. The company has a current ratio of 0.51, a quick ratio of 0.39 and a debt-to-equity ratio of 0.39.
Newmark Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be issued a $0.03 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.12 annualized dividend and a yield of 0.8%. Newmark Group’s dividend payout ratio (DPR) is 17.65%.
Analysts Set New Price Targets
Several research firms recently weighed in on NMRK. Barclays assumed coverage on shares of Newmark Group in a research report on Tuesday, December 2nd. They issued an “overweight” rating and a $21.00 price objective for the company. Wall Street Zen downgraded Newmark Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Newmark Group in a report on Thursday, January 22nd. Citigroup reiterated a “market outperform” rating on shares of Newmark Group in a research report on Thursday, December 18th. Finally, Keefe, Bruyette & Woods dropped their price objective on Newmark Group from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Monday. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $18.00.
Check Out Our Latest Research 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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