MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Position in Newmark Group, Inc. (NASDAQ:NMRK)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,900 shares of the company’s stock after purchasing an additional 1,653 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Newmark Group were worth $959,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in Newmark Group by 352.8% during the third quarter. Barclays PLC now owns 227,099 shares of the company’s stock worth $3,526,000 after acquiring an additional 176,947 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Newmark Group by 540.5% during the fourth quarter. SG Americas Securities LLC now owns 46,289 shares of the company’s stock valued at $593,000 after purchasing an additional 39,062 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Newmark Group by 134.3% in the 4th quarter. Blue Trust Inc. now owns 22,031 shares of the company’s stock worth $282,000 after purchasing an additional 12,630 shares in the last quarter. Highland Capital Management LLC purchased a new stake in shares of Newmark Group in the 4th quarter worth approximately $135,000. Finally, Choreo LLC grew its stake in shares of Newmark Group by 38.6% in the 4th quarter. Choreo LLC now owns 24,697 shares of the company’s stock worth $316,000 after buying an additional 6,883 shares during the last quarter. 58.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NMRK has been the topic of several analyst reports. The Goldman Sachs Group dropped their target price on Newmark Group from $19.50 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Piper Sandler dropped their price target on shares of Newmark Group from $19.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Wolfe Research raised shares of Newmark Group from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research report on Friday. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Newmark Group from $14.50 to $14.00 and set an “outperform” rating for the company in a report on Friday, May 2nd.

Newmark Group Stock Performance

Shares of NMRK opened at $10.48 on Tuesday. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 29.94 and a beta of 1.99. The business’s fifty day simple moving average is $11.21 and its two-hundred day simple moving average is $12.97. Newmark Group, Inc. has a 12 month low of $9.64 and a 12 month high of $16.10. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The firm had revenue of $665.49 million for the quarter, compared to the consensus estimate of $609.28 million. During the same period in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 21.8% on a year-over-year basis. Research analysts anticipate that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Wednesday, May 14th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.15%. Newmark Group’s dividend payout ratio is presently 30.77%.

Newmark Group Profile

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.