Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 21,695 Newmark Group, Inc. (NASDAQ:NMRK)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 21,695 shares of Newmark Group, Inc. valued at approximately $264,000 in the first quarter.
• Brokerages have a positive outlook on Newmark Group, with six analysts rating the stock as a buy and setting a consensus target price of $16.83.
• Newmark Group recently announced a quarterly dividend of $0.03 per share, representing a 0.8% yield on an annualized basis.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 21,695 shares of the company's stock, valued at approximately $264,000.

A number of other hedge funds have also modified their holdings of the business. Barclays PLC increased its stake in shares of Newmark Group by 0.3% in the 4th quarter. Barclays PLC now owns 227,866 shares of the company's stock worth $2,919,000 after acquiring an additional 767 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of 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 purchasing an additional 1,035 shares during the period. OneDigital Investment Advisors LLC grew 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 acquiring an additional 1,121 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Newmark Group by 4.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 32,806 shares of the company's stock valued at $420,000 after purchasing an additional 1,286 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in Newmark Group by 2.7% in the fourth quarter. Cetera Investment Advisers now owns 53,635 shares of the company's stock valued at $687,000 after acquiring an additional 1,385 shares in the last quarter. 58.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NMRK. Citizens Jmp initiated coverage on Newmark Group in a report on Monday, July 21st. They set a "strong-buy" rating and a $17.00 price target for the company. JMP Securities raised their price objective 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. Wall Street Zen raised Newmark Group from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Piper Sandler increased their price target on shares of Newmark Group from $16.00 to $19.00 and gave the stock an "overweight" rating in a report on Monday. Finally, 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. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Newmark Group presently has an average rating of "Buy" and a consensus target price of $16.83.

Newmark Group Trading Up 2.5%

Shares of NMRK opened at $15.50 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.47 and a quick ratio of 0.47. Newmark Group, Inc. has a 1-year low of $9.65 and a 1-year high of $16.10. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 36.91 and a beta of 2.04. The firm has a 50 day simple moving average of $12.20 and a 200-day simple moving average of $12.33.

Newmark Group (NASDAQ:NMRK - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.05. Newmark Group had a return on equity of 22.71% and a net margin of 2.51%. The firm had revenue of $759.10 million for the quarter, compared to analysts' expectations of $695.24 million. During the same quarter in the prior year, the firm earned $0.22 EPS. Newmark Group's quarterly revenue was up 19.9% on a year-over-year basis. Equities analysts forecast 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. Investors of record on Thursday, August 14th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, August 14th. Newmark Group's dividend payout ratio (DPR) is currently 28.57%.

Newmark Group Company 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.

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