Nuveen LLC Invests $21.50 Million in Newmark Group, Inc. $NMRK

Key Points

• Nuveen LLC has acquired approximately $21.5 million in Newmark Group, Inc. during the first quarter, owning about 0.98% of the firm as of its latest SEC filing.
• The company's recent earnings report showed a 19.9% year-over-year revenue increase with an EPS of $0.31, exceeding analyst estimates.
• Newmark Group has announced a quarterly dividend of $0.03 per share, which reflects an annualized yield of 0.7% and a payout ratio of 28.57%.

Nuveen LLC bought a new position in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,766,432 shares of the company's stock, valued at approximately $21,497,000. Nuveen LLC owned 0.98% of Newmark Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Barclays PLC lifted its stake in Newmark Group by 0.3% during the fourth quarter. Barclays PLC now owns 227,866 shares of the company's stock valued at $2,919,000 after buying an additional 767 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Newmark Group by 1.3% in the fourth quarter. MetLife Investment Management LLC now owns 79,900 shares of the company's stock valued at $1,024,000 after acquiring an additional 1,035 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of Newmark Group by 10.4% in the first quarter. OneDigital Investment Advisors LLC now owns 11,878 shares of the company's stock worth $145,000 after buying an additional 1,121 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Newmark Group by 9.5% in the first quarter. PNC Financial Services Group Inc. now owns 14,396 shares of the company's stock worth $175,000 after buying an additional 1,250 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Newmark Group by 4.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 32,806 shares of the company's stock worth $420,000 after buying an additional 1,286 shares during the last quarter. Institutional investors own 58.42% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of Newmark Group from $16.00 to $19.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. JMP Securities lifted their price target on shares of Newmark Group from $17.00 to $19.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 31st. Keefe, Bruyette & Woods increased their price target on shares of Newmark Group from $14.00 to $15.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Wall Street Zen raised Newmark Group from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Citizens Jmp initiated coverage on shares of Newmark Group in a research note on Monday, July 21st. They issued a "strong-buy" rating and a $17.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $16.83.

Newmark Group Stock Performance

Shares of NMRK traded up $0.98 during trading hours on Friday, hitting $18.14. The company had a trading volume of 1,760,196 shares, compared to its average volume of 1,180,955. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 43.19 and a beta of 2.04. The business has a fifty day moving average of $13.73 and a 200-day moving average of $12.63. Newmark Group, Inc. has a 12 month low of $9.65 and a 12 month high of $18.39. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.58.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.05. The company had revenue of $759.10 million for the quarter, compared to analyst estimates of $695.24 million. Newmark Group had a net margin of 2.51% and a return on equity of 22.73%. The company's revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 earnings per share. Newmark Group has set its FY 2025 guidance at 1.470-1.570 EPS. Equities analysts anticipate that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Thursday, August 14th will be given a $0.03 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.7%. Newmark Group's dividend payout ratio is presently 28.57%.

Newmark Group Profile

Newmark Group, Inc provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners.