Newmark Group, Inc. $NMRK Shares Bought by Systematic Financial Management LP

Systematic Financial Management LP lifted its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 7.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,692,518 shares of the company’s stock after buying an additional 121,011 shares during the period. Systematic Financial Management LP’s holdings in Newmark Group were worth $25,371,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NMRK. Sei Investments Co. boosted its stake in shares of 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 buying an additional 71,516 shares in the last quarter. First Trust Advisors LP grew its holdings in Newmark Group by 131.1% during the first quarter. First Trust Advisors LP now owns 89,847 shares of the company’s stock worth $1,347,000 after acquiring an additional 50,966 shares during the period. PNC Financial Services Group Inc. raised 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 acquiring an additional 1,471 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Newmark Group by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 5,343,384 shares of the company’s stock worth $80,095,000 after acquiring an additional 227,649 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in Newmark Group by 3.0% in the first quarter. Swiss National Bank now owns 299,707 shares of the company’s stock valued at $4,493,000 after acquiring an additional 8,700 shares during the period. 58.42% of the stock is owned by institutional investors and hedge funds.

Newmark Group Stock Down 1.9%

Shares of NASDAQ NMRK opened at $15.05 on Friday. The firm’s 50-day moving average is $14.95 and its two-hundred day moving average is $15.49. The company has a market capitalization of $2.67 billion, a PE ratio of 18.58 and a beta of 1.68. Newmark Group, Inc. has a 12-month low of $13.25 and a 12-month high of $19.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.48.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.08 earnings per share for the quarter. Newmark Group had a net margin of 4.30% and a return on equity of 26.23%. The business had revenue of $846.52 million during the quarter. Equities analysts anticipate that Newmark Group, Inc. will post 1.97 EPS for the current fiscal year.

Newmark Group Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Citizens Jmp upped their price target 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. Wall Street Zen cut shares of Newmark Group from a “strong-buy” rating to a “buy” rating in a research note on Monday. Weiss Ratings raised shares of Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Piper Sandler restated an “overweight” rating and set a $19.00 target price on shares of Newmark Group in a research report on Monday, June 29th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.62.

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.