SG Americas Securities LLC Lowers Holdings in Newmark Group, Inc. $NMRK

SG Americas Securities LLC lowered its stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 85.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,333 shares of the company’s stock after selling 348,641 shares during the quarter. SG Americas Securities LLC’s holdings in Newmark Group were worth $904,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NMRK. Focus Partners Wealth grew its holdings in Newmark Group by 4.6% in the third quarter. Focus Partners Wealth now owns 14,176 shares of the company’s stock valued at $264,000 after purchasing an additional 619 shares during the period. Assetmark Inc. raised its stake in Newmark Group by 10.6% during the fourth quarter. Assetmark Inc. now owns 8,018 shares of the company’s stock worth $139,000 after purchasing an additional 769 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Newmark Group by 42.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,676 shares of the company’s stock valued at $46,000 after purchasing an additional 797 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Newmark Group by 98.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,840 shares of the company’s stock valued at $34,000 after purchasing an additional 915 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its stake in shares of Newmark Group by 4.9% during the 4th quarter. Bleakley Financial Group LLC now owns 20,723 shares of the company’s stock valued at $359,000 after buying an additional 973 shares during the period. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Piper Sandler restated an “overweight” rating and set a $19.00 price objective on shares of Newmark Group in a report on Monday, June 29th. Weiss Ratings upgraded Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Wall Street Zen downgraded Newmark Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 27th. Keefe, Bruyette & Woods upped their price target on Newmark Group from $18.00 to $18.50 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Finally, Barclays dropped their price target on Newmark Group from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $19.62.

Newmark Group Stock Performance

Shares of NMRK stock opened at $15.72 on Monday. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 19.41 and a beta of 1.68. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. Newmark Group, Inc. has a fifty-two week low of $12.06 and a fifty-two week high of $19.83. The firm’s 50 day moving average price is $15.17 and its two-hundred day moving average price is $15.69.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings data on Friday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter. Newmark Group had a net margin of 4.30% and a return on equity of 26.23%. The company had revenue of $846.52 million during the quarter. On average, analysts anticipate that Newmark Group, Inc. will post 1.91 EPS for the current year.

Newmark Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were given a dividend of $0.06 per share. This is a positive change from Newmark Group’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.5%. Newmark Group’s dividend payout ratio is currently 29.63%.

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.