Renaissance Technologies LLC Buys Shares of 362,545 Newmark Group, Inc. $NMRK

Renaissance Technologies LLC purchased a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) during the 1st quarter, Holdings Channel.com reports. The fund purchased 362,545 shares of the company’s stock, valued at approximately $5,435,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Systematic Financial Management LP increased its position in Newmark Group by 7.7% during the first quarter. Systematic Financial Management LP now owns 1,692,518 shares of the company’s stock valued at $25,371,000 after acquiring an additional 121,011 shares during the last quarter. Sei Investments Co. lifted its holdings in Newmark Group by 9.6% in the first quarter. Sei Investments Co. now owns 814,101 shares of the company’s stock valued at $12,203,000 after acquiring an additional 71,516 shares during the period. First Trust Advisors LP boosted its position in Newmark Group by 131.1% in the first quarter. First Trust Advisors LP now owns 89,847 shares of the company’s stock worth $1,347,000 after purchasing an additional 50,966 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Newmark Group by 9.6% in the first quarter. PNC Financial Services Group Inc. now owns 16,724 shares of the company’s stock worth $251,000 after purchasing an additional 1,471 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Newmark Group by 4.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,343,384 shares of the company’s stock valued at $80,095,000 after purchasing an additional 227,649 shares during the period. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have 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 report on Monday, May 11th. Wall Street Zen downgraded shares of Newmark Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods boosted their target price on shares of Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a research report on Friday, May 1st. Zacks Research raised shares of Newmark Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $19.00 price target on shares of Newmark Group in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $19.62.

Newmark Group Price Performance

NASDAQ NMRK opened at $15.58 on Thursday. The business’s fifty day moving average is $15.13 and its 200 day moving average is $15.37. Newmark Group, Inc. has a fifty-two week low of $13.36 and a fifty-two week high of $19.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.48 and a current ratio of 0.48. The company has a market capitalization of $2.77 billion, a PE ratio of 19.23 and a beta of 1.68.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. Newmark Group had a return on equity of 27.30% and a net margin of 4.11%.The business had revenue of $888.42 million during the quarter, compared to analysts’ expectations of $865.24 million. During the same quarter in the prior year, the business posted $0.31 earnings per share. The business’s quarterly revenue was up 17.0% on a year-over-year basis. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. Sell-side analysts predict that Newmark Group, Inc. will post 1.97 earnings per share for the current year.

Newmark Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. Newmark Group’s dividend payout ratio is currently 29.63%.

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.