Systematic Financial Management LP Has $19.31 Million Position in Newmark Group, Inc. $NMRK

Systematic Financial Management LP boosted its holdings in Newmark Group, Inc. (NASDAQ:NMRK) by 6.9% in the second quarter, Holdings Channel reports. The institutional investor owned 1,589,080 shares of the company’s stock after buying an additional 102,344 shares during the period. Systematic Financial Management LP’s holdings in Newmark Group were worth $19,307,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NMRK. Envestnet Asset Management Inc. increased its position in Newmark Group by 23.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 58,984 shares of the company’s stock valued at $718,000 after acquiring an additional 11,262 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Newmark Group in the first quarter worth $264,000. Cetera Investment Advisers increased its holdings in Newmark Group by 13.2% in the first quarter. Cetera Investment Advisers now owns 60,713 shares of the company’s stock valued at $739,000 after purchasing an additional 7,078 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Newmark Group by 6.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,810 shares of the company’s stock worth $558,000 after purchasing an additional 2,615 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of Newmark Group by 2,354.7% in the 1st quarter. US Bancorp DE now owns 43,546 shares of the company’s stock valued at $530,000 after buying an additional 41,772 shares during the last quarter. 58.42% of the stock is owned by institutional investors.

Newmark Group Price Performance

Shares of NMRK opened at $17.30 on Wednesday. The firm has a market cap of $3.12 billion, a PE ratio of 30.35 and a beta of 1.92. Newmark Group, Inc. has a 52-week low of $9.65 and a 52-week high of $19.83. The business’s 50 day moving average price is $17.69 and its two-hundred day moving average price is $15.57. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.39 and a current ratio of 0.39.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.01. Newmark Group had a net margin of 3.26% and a return on equity of 23.69%. The company had revenue of $863.46 million during the quarter, compared to analyst estimates of $767.12 million. During the same quarter in the previous year, the business posted $0.33 EPS. Newmark Group’s revenue for the quarter was up 25.9% compared to the same quarter last year. Newmark Group has set its FY 2025 guidance at 1.530-1.630 EPS. On average, equities analysts anticipate that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were issued a dividend of $0.03 per share. The ex-dividend date was Monday, November 17th. This represents a $0.12 annualized dividend and a dividend yield of 0.7%. Newmark Group’s dividend payout ratio is currently 21.05%.

Wall Street Analysts Forecast Growth

NMRK has been the subject of a number of analyst reports. Wall Street Zen upgraded Newmark Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “hold (c)” rating on shares of Newmark Group in a report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price target on shares of Newmark Group from $18.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Zacks Research lowered shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Finally, Barclays initiated coverage on shares of Newmark Group in a research note on Tuesday. They set an “overweight” rating and a $21.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.29.

About Newmark Group

Newmark Group, Inc provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners.