UBS Group AG Has $16.75 Million Position in Newmark Group, Inc. $NMRK

UBS Group AG boosted its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 120.5% in the fourth quarter, Holdings Channel reports. The firm owned 966,107 shares of the company’s stock after purchasing an additional 527,989 shares during the period. UBS Group AG’s holdings in Newmark Group were worth $16,752,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its holdings in Newmark Group by 88.9% during the second quarter. Ameriprise Financial Inc. now owns 2,520,314 shares of the company’s stock valued at $30,622,000 after purchasing an additional 1,186,191 shares during the period. Goldman Sachs Group Inc. grew its holdings in Newmark Group by 2.3% during 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 during the period. JPMorgan Chase & Co. grew its holdings in Newmark Group by 32.1% during the third quarter. JPMorgan Chase & Co. now owns 1,793,401 shares of the company’s stock valued at $33,447,000 after purchasing an additional 435,646 shares during the period. Invesco Ltd. grew its holdings in Newmark Group by 5.6% during the third quarter. Invesco Ltd. now owns 1,673,354 shares of the company’s stock valued at $31,208,000 after purchasing an additional 88,647 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in Newmark Group by 24.5% during the third quarter. Raymond James Financial Inc. now owns 1,663,932 shares of the company’s stock valued at $31,032,000 after purchasing an additional 327,230 shares during the period. Institutional investors and hedge funds own 58.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 28th. Keefe, Bruyette & Woods boosted their price objective on shares of Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a report on Friday, May 1st. Citizens Jmp upped their price target on shares of Newmark Group from $21.00 to $22.00 and gave the company a “market outperform” rating in a report on Friday, May 1st. Weiss Ratings upgraded shares of Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Finally, Barclays reduced their price target on shares of Newmark Group from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Six 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, Newmark Group presently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Newmark Group Stock Down 2.4%

Newmark Group stock opened at $16.14 on Wednesday. The stock has a market capitalization of $2.98 billion, a PE ratio of 19.93 and a beta of 1.76. Newmark Group, Inc. has a twelve month low of $10.20 and a twelve month high of $19.83. The company has a quick ratio of 0.51, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $15.26 and a 200-day moving average of $16.37.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings results on Friday, May 8th. The company reported $0.08 earnings per share for the quarter. The company 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%. On average, equities research analysts anticipate that Newmark Group, Inc. will post 1.91 EPS for the current fiscal year.

Newmark Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.5%. 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 is currently 14.81%.

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.