Intech Investment Management LLC Has $1.17 Million Stock Holdings in Newmark Group, Inc. $NMRK

Intech Investment Management LLC lowered its stake in Newmark Group, Inc. (NASDAQ:NMRK) by 24.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 95,909 shares of the company’s stock after selling 31,390 shares during the period. Intech Investment Management LLC owned approximately 0.05% of Newmark Group worth $1,165,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its holdings in shares of Newmark Group by 4.6% during the second quarter. Teacher Retirement System of Texas now owns 21,743 shares of the company’s stock worth $264,000 after acquiring an additional 949 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Newmark Group by 8.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,515 shares of the company’s stock worth $152,000 after purchasing an additional 968 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Newmark Group by 9.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,396 shares of the company’s stock valued at $175,000 after purchasing an additional 1,250 shares during the period. Sei Investments Co. grew its holdings in Newmark Group by 1.2% in the 1st quarter. Sei Investments Co. now owns 122,117 shares of the company’s stock valued at $1,519,000 after buying an additional 1,426 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey grew its holdings in Newmark Group by 8.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 29,953 shares of the company’s stock valued at $364,000 after buying an additional 2,355 shares in the last quarter. 58.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NMRK shares. JMP Securities boosted their target price on shares of Newmark Group from $17.00 to $19.00 and gave the company a “market outperform” rating in a research report on Thursday, July 31st. Piper Sandler lifted their price objective on shares of Newmark Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Weiss Ratings restated a “hold (c)” rating on shares of Newmark Group in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their target price on shares of Newmark Group from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Finally, Zacks Research downgraded shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Newmark Group presently has a consensus rating of “Moderate Buy” and an average price target of $17.83.

Newmark Group Price Performance

Shares of NASDAQ:NMRK opened at $16.67 on Tuesday. The firm has a 50 day moving average of $17.92 and a 200-day moving average of $15.33. Newmark Group, Inc. has a 12 month low of $9.65 and a 12 month high of $19.83. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $2.95 billion, a PE ratio of 29.25 and a beta of 2.13.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. Newmark Group had a net margin of 3.26% and a return on equity of 23.69%. The business had revenue of $863.46 million for the quarter, compared to analysts’ expectations of $767.12 million. During the same period last year, the firm posted $0.33 earnings per share. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. Newmark Group has set its FY 2025 guidance at 1.530-1.630 EPS. On average, equities research analysts predict that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.7%. Newmark Group’s payout ratio is 21.05%.

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.