FJ Capital Management LLC Boosts Position in Newmark Group, Inc. $NMRK

FJ Capital Management LLC lifted its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 402.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 418,973 shares of the company’s stock after purchasing an additional 335,594 shares during the quarter. Newmark Group accounts for approximately 0.8% of FJ Capital Management LLC’s portfolio, making the stock its 29th largest holding. FJ Capital Management LLC owned 0.23% of Newmark Group worth $7,265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. grew its stake in shares of Newmark Group by 88.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,520,314 shares of the company’s stock worth $30,622,000 after purchasing an additional 1,186,191 shares during the period. Goldman Sachs Group Inc. grew its stake 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 worth $30,199,000 after purchasing an additional 55,628 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Newmark Group by 32.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,793,401 shares of the company’s stock worth $33,447,000 after purchasing an additional 435,646 shares during the period. Invesco Ltd. grew its stake in shares of Newmark Group by 5.6% during the 3rd quarter. Invesco Ltd. now owns 1,673,354 shares of the company’s stock worth $31,208,000 after purchasing an additional 88,647 shares during the period. Finally, Raymond James Financial Inc. grew its stake in shares of Newmark Group by 24.5% during the 3rd quarter. Raymond James Financial Inc. now owns 1,663,932 shares of the company’s stock worth $31,032,000 after purchasing an additional 327,230 shares during the period. Institutional investors and hedge funds own 58.42% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NMRK shares. Citizens Jmp raised their price objective 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. Keefe, Bruyette & Woods raised their price objective on shares of Newmark Group from $18.00 to $18.50 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Barclays dropped their price objective on shares of Newmark Group from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. 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. Finally, 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. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.63.

Newmark Group Trading Up 2.5%

Shares of NMRK opened at $15.18 on Friday. Newmark Group, Inc. has a 52-week low of $11.02 and a 52-week high of $19.83. 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 firm’s fifty day moving average is $15.28 and its two-hundred day moving average is $15.92. The stock has a market cap of $2.69 billion, a PE ratio of 18.74 and a beta of 1.69.

Newmark Group (NASDAQ:NMRK) last announced its earnings results on Friday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $846.52 million for the quarter. Newmark Group had a net margin of 4.30% and a return on equity of 26.23%. Research analysts forecast that Newmark Group, Inc. will post 1.91 earnings per share for the current fiscal year.

Newmark Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.6%. This is a boost from Newmark Group’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, May 14th. Newmark Group’s dividend payout ratio (DPR) is currently 29.63%.

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.