UBS Group AG Purchases 527,989 Shares of Newmark Group, Inc. $NMRK

UBS Group AG increased its position in Newmark Group, Inc. (NASDAQ:NMRK) by 120.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 966,107 shares of the company’s stock after acquiring an additional 527,989 shares during the quarter. UBS Group AG owned about 0.54% of Newmark Group worth $16,752,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Focus Partners Wealth raised its holdings in Newmark Group by 4.6% in the 3rd quarter. Focus Partners Wealth now owns 14,176 shares of the company’s stock worth $264,000 after acquiring an additional 619 shares during the period. CWM LLC boosted its position in shares of Newmark Group by 6.3% during the 3rd quarter. CWM LLC now owns 12,531 shares of the company’s stock valued at $234,000 after acquiring an additional 738 shares in the last quarter. Assetmark Inc. boosted its position in shares of Newmark Group by 10.6% during the 4th quarter. Assetmark Inc. now owns 8,018 shares of the company’s stock valued at $139,000 after acquiring an additional 769 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Newmark Group by 42.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,676 shares of the company’s stock valued at $46,000 after acquiring an additional 797 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in Newmark Group by 98.9% in the third quarter. Larson Financial Group LLC now owns 1,840 shares of the company’s stock valued at $34,000 after buying an additional 915 shares in the last quarter. Institutional investors own 58.42% of the company’s stock.

Newmark Group Trading Down 2.4%

NMRK opened at $16.14 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.51. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 19.93 and a beta of 1.76. The firm has a 50 day simple moving average of $15.26 and a 200 day simple moving average of $16.37. Newmark Group, Inc. has a fifty-two week low of $10.20 and a fifty-two week high of $19.83.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.08 earnings per share for the quarter. The business had revenue of $846.52 million during the quarter. Newmark Group had a net margin of 4.30% and a return on equity of 26.23%. On average, sell-side analysts anticipate that Newmark Group, Inc. will post 1.91 earnings per share for the current year.

Newmark Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.5%. This is a positive change from Newmark Group’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, May 14th. Newmark Group’s payout ratio is presently 14.81%.

Analyst Ratings Changes

A number of equities analysts have commented on NMRK shares. Keefe, Bruyette & Woods boosted their price target 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. Citizens Jmp boosted their target price on shares of Newmark Group from $21.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Friday, May 1st. Weiss Ratings raised shares of Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Barclays dropped their target price on shares of Newmark Group from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Finally, Wall Street Zen raised shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. Six 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

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.