71,985 Shares in Newmark Group, Inc. $NMRK Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 71,985 shares of the company’s stock, valued at approximately $1,079,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Balyasny Asset Management L.P. increased its position in shares of Newmark Group by 422.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,039,976 shares of the company’s stock worth $35,373,000 after purchasing an additional 1,649,189 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Newmark Group by 319.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,604,326 shares of the company’s stock worth $27,819,000 after buying an additional 1,222,069 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in Newmark Group during the 2nd quarter worth $14,580,000. Ameriprise Financial Inc. increased its position in Newmark Group by 88.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,520,314 shares of the company’s stock valued at $30,622,000 after buying an additional 1,186,191 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Newmark Group by 194.1% in the third quarter. Wellington Management Group LLP now owns 1,575,475 shares of the company’s stock valued at $29,383,000 after buying an additional 1,039,798 shares during the last quarter. 58.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NMRK shares. Weiss Ratings upgraded Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Keefe, Bruyette & Woods lifted their target price on shares of Newmark Group from $18.00 to $18.50 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Piper Sandler restated an “overweight” rating and set a $19.00 price target on shares of Newmark Group in a research note on Monday, June 29th. Citizens Jmp raised their price target on shares of Newmark Group from $21.00 to $22.00 and gave the stock a “market outperform” rating in a report on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.62.

Newmark Group Stock Performance

NASDAQ:NMRK traded down $0.14 during midday trading on Friday, hitting $15.20. The company’s stock had a trading volume of 711,880 shares, compared to its average volume of 1,296,499. 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 is $15.10 and its 200-day moving average is $15.63. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.48. The firm has a market cap of $2.70 billion, a P/E ratio of 18.77 and a beta of 1.68.

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

Newmark Group Increases Dividend

The firm also recently announced 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 boost from Newmark Group’s previous quarterly dividend of $0.03. This represents a $0.24 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, May 14th. Newmark Group’s payout ratio is presently 29.63%.

About Newmark Group

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.