JPMorgan Chase & Co. Purchases 435,646 Shares of Newmark Group, Inc. $NMRK

JPMorgan Chase & Co. raised its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 32.1% during the third quarter, HoldingsChannel reports. The firm owned 1,793,401 shares of the company’s stock after purchasing an additional 435,646 shares during the period. JPMorgan Chase & Co.’s holdings in Newmark Group were worth $33,447,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NMRK. Royal Bank of Canada raised its holdings in shares of 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 buying an additional 6,375 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 valued at $953,000 after acquiring an additional 3,430 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Newmark Group by 2.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,481,417 shares of the company’s stock worth $30,199,000 after acquiring an additional 55,628 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Newmark Group in the 1st quarter worth approximately $276,000. Finally, Jane Street Group LLC lifted its holdings in shares of Newmark Group by 148.3% in the 1st quarter. Jane Street Group LLC now owns 390,633 shares of the company’s stock worth $4,754,000 after acquiring an additional 233,330 shares during the last quarter. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Newmark Group Stock Down 2.5%

Shares of Newmark Group stock opened at $14.52 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.46. Newmark Group, Inc. has a 12-month low of $9.65 and a 12-month high of $19.83. The company has a market cap of $2.62 billion, a P/E ratio of 21.35 and a beta of 1.91. The company’s fifty day simple moving average is $16.66 and its two-hundred day simple moving average is $17.43.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. Newmark Group had a net margin of 3.83% and a return on equity of 25.68%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $998.86 million. During the same period in the prior year, the firm earned $0.55 earnings per share. Newmark Group’s revenue was up 15.3% on a year-over-year basis. Newmark Group has set its FY 2026 guidance at 1.820-1.920 EPS. Research analysts anticipate that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, March 13th. Newmark Group’s dividend payout ratio (DPR) is presently 17.65%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NMRK. Weiss Ratings reiterated a “hold (c)” rating on shares of Newmark Group in a research report on Thursday, January 22nd. Citigroup reaffirmed a “market outperform” rating on shares of Newmark Group in a research note on Thursday, December 18th. Keefe, Bruyette & Woods boosted their target price on Newmark Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Barclays started coverage on Newmark Group in a report on Tuesday, December 2nd. They set an “overweight” rating and a $21.00 target price for the company. Finally, Wall Street Zen cut Newmark Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.67.

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.