SG Americas Securities LLC Buys 380,855 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

SG Americas Securities LLC increased its holdings in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 822.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 427,144 shares of the company's stock after acquiring an additional 380,855 shares during the quarter. SG Americas Securities LLC owned about 0.24% of Newmark Group worth $5,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Newmark Group by 2.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,900 shares of the company's stock valued at $959,000 after purchasing an additional 1,653 shares in the last quarter. Assetmark Inc. increased its position in Newmark Group by 43.5% during the 4th quarter. Assetmark Inc. now owns 8,585 shares of the company's stock valued at $110,000 after buying an additional 2,602 shares in the last quarter. Vanguard Group Inc. increased its position in Newmark Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 21,114,662 shares of the company's stock valued at $270,479,000 after buying an additional 83,094 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Newmark Group by 32.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 16,473 shares of the company's stock valued at $211,000 after buying an additional 4,019 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Newmark Group by 172.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 50,480 shares of the company's stock valued at $647,000 after acquiring an additional 31,974 shares in the last quarter. Institutional investors own 58.42% of the company's stock.

Newmark Group Stock Performance

Shares of NMRK traded up $0.17 during trading hours on Monday, hitting $11.55. The stock had a trading volume of 786,757 shares, compared to its average volume of 1,152,306. The firm has a market capitalization of $2.13 billion, a PE ratio of 33.00 and a beta of 1.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42. Newmark Group, Inc. has a 12 month low of $9.64 and a 12 month high of $16.10. The stock has a fifty day moving average price of $11.03 and a 200 day moving average price of $12.57.

Newmark Group (NASDAQ:NMRK - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. The business had revenue of $665.49 million during the quarter, compared to analyst estimates of $609.28 million. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. Newmark Group's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.15 earnings per share. Analysts anticipate that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Wednesday, May 14th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.12 annualized dividend and a yield of 1.04%. Newmark Group's payout ratio is 30.77%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NMRK shares. The Goldman Sachs Group reduced their price target on Newmark Group from $19.50 to $17.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Keefe, Bruyette & Woods reduced their price target on shares of Newmark Group from $14.50 to $14.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Wall Street Zen downgraded shares of Newmark Group from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Wolfe Research raised Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 target price for the company in a report on Friday, May 23rd. Finally, Piper Sandler reduced their target price on Newmark Group from $19.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, May 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $15.25.

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.