Segall Bryant & Hamill LLC Sells 20,623 Shares of Newmark Group, Inc. $NMRK

Segall Bryant & Hamill LLC decreased its stake in Newmark Group, Inc. (NASDAQ:NMRK) by 7.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,834 shares of the company’s stock after selling 20,623 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Newmark Group were worth $3,218,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Newmark Group during the first quarter valued at $47,000. CWM LLC increased its position in shares of Newmark Group by 63.8% during the 1st quarter. CWM LLC now owns 7,693 shares of the company’s stock worth $94,000 after purchasing an additional 2,996 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Newmark Group during the 2nd quarter valued at about $131,000. Atria Investments Inc acquired a new position in Newmark Group in the second quarter valued at about $146,000. Finally, Oppenheimer Asset Management Inc. grew its stake in Newmark Group by 8.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 12,515 shares of the company’s stock worth $152,000 after buying an additional 968 shares during the last quarter. 58.42% of the stock is currently owned by institutional investors.

Newmark Group Stock Up 1.2%

NASDAQ:NMRK opened at $16.67 on Tuesday. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 29.25 and a beta of 2.13. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.39 and a current ratio of 0.39. The stock’s fifty day moving average price is $17.92 and its two-hundred day moving average price is $15.33. Newmark Group, Inc. has a 52-week low of $9.65 and a 52-week high of $19.83.

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

Newmark Group Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Zacks Research cut shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. JMP Securities raised their price target on Newmark Group from $17.00 to $19.00 and gave the company a “market outperform” rating in a report on Thursday, July 31st. Wall Street Zen raised Newmark Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 15th. Weiss Ratings restated a “hold (c)” rating on shares of Newmark Group in a report on Wednesday, October 8th. Finally, Piper Sandler raised their target price on Newmark Group from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.83.

About Newmark Group

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.