Hsbc Holdings PLC Makes New $820,000 Investment in Newmark Group, Inc. $NMRK

Hsbc Holdings PLC bought a new stake in Newmark Group, Inc. (NASDAQ:NMRK) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 47,314 shares of the company’s stock, valued at approximately $820,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Focus Partners Wealth increased its holdings in shares of Newmark Group by 4.6% in the 3rd quarter. Focus Partners Wealth now owns 14,176 shares of the company’s stock worth $264,000 after acquiring an additional 619 shares during the period. Assetmark Inc. boosted its stake in Newmark Group by 10.6% during the 4th quarter. Assetmark Inc. now owns 8,018 shares of the company’s stock valued at $139,000 after purchasing an additional 769 shares during the period. Farther Finance Advisors LLC boosted its stake in Newmark Group by 42.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,676 shares of the company’s stock valued at $46,000 after purchasing an additional 797 shares during the period. Larson Financial Group LLC grew its position in Newmark Group by 98.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,840 shares of the company’s stock worth $34,000 after purchasing an additional 915 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its position in Newmark Group by 4.9% in the 4th quarter. Bleakley Financial Group LLC now owns 20,723 shares of the company’s stock worth $359,000 after purchasing an additional 973 shares during the last quarter. Institutional investors and hedge funds own 58.42% of the company’s stock.

Newmark Group Stock Performance

Shares of NASDAQ NMRK opened at $14.70 on Wednesday. Newmark Group, Inc. has a 1 year low of $12.06 and a 1 year high of $19.83. The firm has a market cap of $2.61 billion, a P/E ratio of 18.15 and a beta of 1.68. The stock has a fifty day moving average price of $15.04 and a two-hundred day moving average price of $15.58. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.48 and a current ratio of 0.48.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.08 EPS for the quarter. The company had revenue of $846.52 million for the quarter. Newmark Group had a return on equity of 26.23% and a net margin of 4.30%. Research analysts forecast that Newmark Group, Inc. will post 1.91 EPS for the current fiscal year.

Newmark Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.6%. This is a boost from Newmark Group’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, May 14th. Newmark Group’s dividend payout ratio (DPR) is presently 29.63%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NMRK. Wall Street Zen raised Newmark Group from a “buy” rating to a “strong-buy” rating in a report on Sunday. Weiss Ratings raised Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Keefe, Bruyette & Woods raised their target price on Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a research report on Friday, May 1st. Citizens Jmp lifted their target price on Newmark Group from $21.00 to $22.00 and gave the company a “market outperform” rating in a research note on Friday, May 1st. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $19.00 target price on shares of Newmark Group in a research note on Monday, June 29th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Newmark Group has an average rating of “Moderate Buy” and an average target price of $19.62.

About Newmark Group

Newmark Group, Inc is a publicly traded commercial real estate advisory firm headquartered in New York City. The company provides a comprehensive suite of services to real estate investors, occupiers and developers, including leasing advisory, property management, capital markets placement, loan servicing, valuation and advisory services. Newmark’s platform integrates local market expertise with national reach to support clients across diverse property types such as office, industrial, retail, multifamily and specialty assets.

Operating across two principal segments—global corporate services and capital markets & property-level services—Newmark delivers tailored solutions encompassing tenant representation, landlord leasing, investment sales, debt and equity financing, and appraisal services.