Jefferies Financial Group Inc. Buys 128,697 Shares of Newmark Group, Inc. $NMRK

Jefferies Financial Group Inc. grew its stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 29.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 566,847 shares of the company’s stock after buying an additional 128,697 shares during the quarter. Jefferies Financial Group Inc. owned 0.31% of Newmark Group worth $9,829,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC bought a new position in shares of Newmark Group during the third quarter valued at about $29,000. Larson Financial Group LLC grew its stake in shares of Newmark Group by 98.9% during the third quarter. Larson Financial Group LLC now owns 1,840 shares of the company’s stock valued at $34,000 after buying an additional 915 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Newmark Group by 42.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,676 shares of the company’s stock valued at $46,000 after buying an additional 797 shares during the last quarter. Bayforest Capital Ltd bought a new stake in shares of Newmark Group in the fourth quarter worth about $86,000. Finally, NBC Securities Inc. grew its stake in shares of Newmark Group by 116.8% in the fourth quarter. NBC Securities Inc. now owns 5,165 shares of the company’s stock worth $90,000 after purchasing an additional 2,783 shares during the last quarter. 58.42% of the stock is owned by institutional investors.

Newmark Group Price Performance

NASDAQ NMRK opened at $14.60 on Monday. 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 stock has a market capitalization of $2.59 billion, a PE ratio of 18.02 and a beta of 1.76. Newmark Group, Inc. has a 1 year low of $10.45 and a 1 year high of $19.83. The business’s 50-day moving average is $15.29 and its 200 day moving average is $16.14.

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

Newmark Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 14th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.6%. This is a boost from Newmark Group’s previous quarterly dividend of $0.03. The ex-dividend date is Thursday, May 14th. Newmark Group’s dividend payout ratio (DPR) is 29.63%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wall Street Zen raised Newmark Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. Barclays cut their target price on Newmark Group from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Weiss Ratings raised Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Keefe, Bruyette & Woods raised their target price 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, Citizens Jmp raised their target price on Newmark Group from $21.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Friday, May 1st. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $19.63.

Newmark Group Company 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.