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

SG Americas Securities LLC lessened its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 85.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. 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.

Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada increased its holdings in Newmark Group by 16.5% during the 1st quarter. Royal Bank of Canada now owns 44,977 shares of the company’s stock valued at $546,000 after acquiring an additional 6,375 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Newmark Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,330 shares of the company’s stock worth $953,000 after acquiring an additional 3,430 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Newmark Group by 2.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,481,417 shares of the company’s stock valued at $30,199,000 after purchasing an additional 55,628 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Newmark Group in the first quarter valued at about $276,000. Finally, Jane Street Group LLC grew its position in shares of Newmark Group by 148.3% in the first quarter. Jane Street Group LLC now owns 390,633 shares of the company’s stock valued at $4,754,000 after purchasing an additional 233,330 shares during the last quarter. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NMRK. Barclays dropped their price objective on shares of Newmark Group from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Piper Sandler reissued an “overweight” rating and issued a $19.00 price target 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 research report on Monday, May 11th. Wall Street Zen lowered Newmark Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Finally, Keefe, Bruyette & Woods lifted their price objective on Newmark Group from $18.00 to $18.50 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.62.

Newmark Group Stock Performance

Shares of NMRK opened at $15.72 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.48 and a current ratio of 0.48. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 19.41 and a beta of 1.68. The company’s 50 day simple moving average is $15.17 and its 200 day simple moving average is $15.69. Newmark Group, Inc. has a 1 year low of $12.06 and a 1 year high of $19.83.

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

Newmark Group Increases Dividend

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