Hsbc Holdings PLC Acquires 1,420 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Hsbc Holdings PLC boosted its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,870 shares of the company’s stock after acquiring an additional 1,420 shares during the quarter. Hsbc Holdings PLC’s holdings in Newmark Group were worth $253,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of NMRK. Paulson & CO. Inc. boosted its stake in shares of Newmark Group by 133.5% during the fourth quarter. Paulson & CO. Inc. now owns 3,000,000 shares of the company’s stock valued at $32,880,000 after purchasing an additional 1,715,375 shares during the period. Vanguard Group Inc. lifted its holdings in Newmark Group by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 20,474,932 shares of the company’s stock valued at $227,067,000 after buying an additional 702,233 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Newmark Group by 1,595.1% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 713,621 shares of the company’s stock valued at $7,914,000 after buying an additional 671,521 shares during the period. Assenagon Asset Management S.A. grew its stake in Newmark Group by 251.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 708,300 shares of the company’s stock worth $7,246,000 after acquiring an additional 506,510 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Newmark Group by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 6,686,191 shares of the company’s stock worth $68,399,000 after acquiring an additional 480,047 shares during the period. Institutional investors own 58.42% of the company’s stock.

Newmark Group Price Performance

NASDAQ NMRK opened at $14.94 on Friday. The company has a market cap of $2.58 billion, a PE ratio of 67.91 and a beta of 2.01. The firm’s 50 day moving average price is $13.85 and its 200-day moving average price is $11.65. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.49. Newmark Group, Inc. has a 52-week low of $5.09 and a 52-week high of $16.10.

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

Newmark Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th were issued a $0.03 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.12 dividend on an annualized basis and a yield of 0.80%. Newmark Group’s dividend payout ratio is presently 54.55%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NMRK. Wolfe Research raised Newmark Group from a “peer perform” rating to an “outperform” rating and set a $15.00 price objective on the stock in a research note on Friday, August 16th. Keefe, Bruyette & Woods raised 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 raised their price target on Newmark Group from $13.00 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd.

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.