JPMorgan Chase & Co. Buys 435,646 Shares of Newmark Group, Inc. $NMRK

JPMorgan Chase & Co. boosted its stake in Newmark Group, Inc. (NASDAQ:NMRK) by 32.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,793,401 shares of the company’s stock after acquiring an additional 435,646 shares during the period. JPMorgan Chase & Co. owned 1.01% of Newmark Group worth $33,447,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Adage Capital Partners GP L.L.C. bought a new position in Newmark Group during the second quarter valued at $14,580,000. 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 acquiring an additional 1,186,191 shares during the period. Boston Partners increased its holdings in Newmark Group by 65.2% in the 2nd quarter. Boston Partners now owns 2,212,910 shares of the company’s stock worth $26,899,000 after acquiring an additional 873,180 shares during the last quarter. Raymond James Financial Inc. raised its stake in Newmark Group by 84.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,336,702 shares of the company’s stock valued at $16,241,000 after acquiring an additional 612,363 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in Newmark Group during the third quarter valued at about $7,129,000. 58.42% of the stock is owned by institutional investors.

Newmark Group Price Performance

Newmark Group stock opened at $14.52 on Friday. Newmark Group, Inc. has a 52 week low of $9.65 and a 52 week high of $19.83. The business has a 50-day simple moving average of $16.66 and a 200 day simple moving average of $17.43. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.46. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 21.35 and a beta of 1.91.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.03. Newmark Group had a return on equity of 25.68% and a net margin of 3.83%.The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $998.86 million. During the same quarter last year, the firm posted $0.55 EPS. The company’s revenue was up 15.3% compared to the same quarter last year. Newmark Group has set its FY 2026 guidance at 1.820-1.920 EPS. On average, research analysts forecast that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, March 13th. This represents a $0.12 annualized dividend and a yield of 0.8%. Newmark Group’s payout ratio is presently 17.65%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NMRK. Keefe, Bruyette & Woods upped their price target on shares of Newmark Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of Newmark Group in a research report on Thursday, January 22nd. Citigroup reaffirmed a “market outperform” rating on shares of Newmark Group in a report on Thursday, December 18th. Barclays started coverage on Newmark Group in a research note on Tuesday, December 2nd. They set an “overweight” rating and a $21.00 price objective on the stock. Finally, Wall Street Zen downgraded Newmark Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Newmark Group has a consensus rating of “Moderate Buy” and an average target price of $18.67.

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.