Newmark Group, Inc. (NASDAQ:NMRK) Shares Purchased by Systematic Financial Management LP

Systematic Financial Management LP increased its holdings in Newmark Group, Inc. (NASDAQ:NMRK) by 11.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 928,935 shares of the company’s stock after acquiring an additional 98,532 shares during the period. Systematic Financial Management LP owned approximately 0.54% of Newmark Group worth $9,503,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NMRK. Vanguard Group Inc. raised its stake in shares of Newmark Group by 3.6% in the first quarter. Vanguard Group Inc. now owns 20,474,932 shares of the company’s stock valued at $227,067,000 after acquiring an additional 702,233 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Newmark Group by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 6,686,191 shares of the company’s stock worth $68,399,000 after purchasing an additional 480,047 shares in the last quarter. Paulson & CO. Inc. increased its position in shares of Newmark Group by 133.5% during the fourth quarter. Paulson & CO. Inc. now owns 3,000,000 shares of the company’s stock worth $32,880,000 after purchasing an additional 1,715,375 shares in the last quarter. Leeward Investments LLC MA increased its position in shares of Newmark Group by 5.6% during the second quarter. Leeward Investments LLC MA now owns 1,907,574 shares of the company’s stock worth $19,514,000 after purchasing an additional 101,426 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its holdings in shares of Newmark Group by 4.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 1,311,813 shares of the company’s stock worth $14,377,000 after buying an additional 54,909 shares during the last quarter. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NMRK has been the topic of a number of research reports. Piper Sandler raised their price target on Newmark Group from $13.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Keefe, Bruyette & Woods raised Newmark Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $13.50 to $16.50 in a report on Thursday, September 5th. Finally, Wolfe Research raised Newmark Group from a “peer perform” rating to an “outperform” rating and set a $15.00 price objective on the stock in a report on Friday, August 16th.

Newmark Group Price Performance

Shares of NASDAQ:NMRK opened at $15.56 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.49 and a quick ratio of 0.49. Newmark Group, Inc. has a 12 month low of $5.09 and a 12 month high of $16.10. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 70.73 and a beta of 2.01. The business’s 50 day simple moving average is $13.52 and its 200-day simple moving average is $11.49.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. The firm had revenue of $633.40 million during the quarter, compared to the consensus estimate of $630.27 million. Newmark Group had a return on equity of 17.78% and a net margin of 1.75%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS. As a group, equities analysts forecast that Newmark Group, Inc. will post 1.15 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.12 annualized dividend and a yield of 0.77%. Newmark Group’s dividend payout ratio (DPR) is presently 54.55%.

Newmark Group Company 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.