Newmark Group, Inc. (NASDAQ:NMRK) Holdings Raised by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its stake in Newmark Group, Inc. (NASDAQ:NMRK) by 19.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,526 shares of the company’s stock after purchasing an additional 2,324 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Newmark Group were worth $149,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Riverview Trust Co purchased a new position in shares of Newmark Group in the first quarter worth approximately $29,000. Fifth Third Bancorp purchased a new position in Newmark Group during the 2nd quarter worth approximately $33,000. EntryPoint Capital LLC raised its stake in Newmark Group by 35.5% during the 1st quarter. EntryPoint Capital LLC now owns 4,422 shares of the company’s stock valued at $49,000 after purchasing an additional 1,159 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Newmark Group in the fourth quarter valued at $119,000. Finally, Innealta Capital LLC acquired a new stake in shares of Newmark Group in the first quarter worth $137,000. Institutional investors and hedge funds own 58.42% of the company’s stock.

Newmark Group Price Performance

NMRK opened at $15.22 on Monday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. Newmark Group, Inc. has a 1 year low of $5.09 and a 1 year high of $15.49. The stock has a fifty day moving average price of $13.15 and a 200 day moving average price of $11.32. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 69.18 and a beta of 2.01.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The business had revenue of $633.40 million during the quarter, compared to analysts’ expectations of $630.27 million. Newmark Group had a return on equity of 17.78% and a net margin of 1.75%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 EPS. Analysts forecast that Newmark Group, Inc. will post 1.15 EPS for the current fiscal year.

Newmark Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 16th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Friday, August 16th. Newmark Group’s payout ratio is presently 54.55%.

Wall Street Analysts Forecast Growth

NMRK has been the topic of several recent analyst reports. Wolfe Research raised Newmark Group from a “peer perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a research report on Friday, August 16th. Keefe, Bruyette & Woods raised shares of Newmark Group from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $13.50 to $16.50 in a research report on Thursday, September 5th. Finally, Piper Sandler boosted their price objective on shares of Newmark Group from $13.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd.

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.