Newmark Group, Inc. $NMRK Shares Purchased by Bank of America Corp DE

Bank of America Corp DE raised its position in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 30.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 543,309 shares of the company's stock after purchasing an additional 127,365 shares during the period. Bank of America Corp DE owned 0.31% of Newmark Group worth $8,144,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NMRK. Millstone Evans Group LLC boosted its position in Newmark Group by 366.3% during the first quarter. Millstone Evans Group LLC now owns 1,646 shares of the company's stock worth $25,000 after acquiring an additional 1,293 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Newmark Group during the 3rd quarter valued at about $29,000. Larson Financial Group LLC raised its holdings in Newmark Group by 98.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,840 shares of the company's stock valued at $34,000 after acquiring an additional 915 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Newmark Group by 42.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,676 shares of the company's stock valued at $46,000 after acquiring an additional 797 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Newmark Group by 4,587.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,687 shares of the company's stock worth $82,000 after purchasing an additional 4,587 shares in the last quarter. Institutional investors and hedge funds own 58.42% of the company's stock.

Newmark Group Stock Performance

NASDAQ NMRK opened at $16.07 on Tuesday. The stock has a fifty day simple moving average of $15.32 and a 200-day simple moving average of $15.18. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a market cap of $2.91 billion, a PE ratio of 19.84 and a beta of 1.68. Newmark Group, Inc. has a twelve month low of $13.36 and a twelve month high of $19.83.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. Newmark Group had a net margin of 4.11% and a return on equity of 27.07%. The firm had revenue of $888.42 million for the quarter, compared to analyst estimates of $865.24 million. During the same period in the previous year, the firm earned $0.31 EPS. Newmark Group's revenue was up 17.0% on a year-over-year basis. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. Equities analysts anticipate that Newmark Group, Inc. will post 1.97 earnings per share for the current year.

Newmark Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, August 14th. Newmark Group's dividend payout ratio (DPR) is currently 29.63%.

Analysts Set New Price Targets

NMRK has been the subject of several analyst reports. Weiss Ratings restated a "hold (c+)" rating on shares of Newmark Group in a report on Friday, August 7th. Zacks Research raised shares of Newmark Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. UBS Group set a $22.00 price objective on shares of Newmark Group in a report on Monday, August 10th. Barclays raised their price objective on shares of Newmark Group from $19.00 to $20.00 and gave the stock an "overweight" rating in a research report on Monday, August 17th. Finally, Keefe, Bruyette & Woods boosted their target price 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. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Newmark Group currently has a consensus rating of "Buy" and a consensus price target of $20.30.

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.

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