American Century Companies Inc. Lowers Stock Holdings in Newmark Group, Inc. $NMRK

Key Points

• American Century Companies Inc. reduced its stake in Newmark Group by 13.1%, selling 202,298 shares, meaning it now owns approximately 1.34 million shares valued at $16.3 million.
• Newmark Group reported a quarterly earnings of $0.31 EPS, exceeding the expected $0.26 EPS, with revenue of $759.1 million which was also above analyst expectations.
• The company recently announced a quarterly dividend of $0.03 per share, with a 0.7% dividend yield, and the ex-dividend date is set for August 14th.

American Century Companies Inc. lessened its position in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 13.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,339,556 shares of the company's stock after selling 202,298 shares during the quarter. American Century Companies Inc. owned 0.74% of Newmark Group worth $16,302,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. OneDigital Investment Advisors LLC grew its stake in shares of Newmark Group by 10.4% during the first quarter. OneDigital Investment Advisors LLC now owns 11,878 shares of the company's stock valued at $145,000 after buying an additional 1,121 shares during the last quarter. KBC Group NV bought a new position in shares of Newmark Group during the first quarter valued at about $78,000. Allspring Global Investments Holdings LLC grew its stake in shares of Newmark Group by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 62,072 shares of the company's stock valued at $752,000 after buying an additional 21,773 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Newmark Group by 2.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,900 shares of the company's stock valued at $959,000 after buying an additional 1,653 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Newmark Group during the first quarter valued at about $916,000. 58.42% of the stock is owned by institutional investors.

Newmark Group Trading Up 0.6%

Shares of NASDAQ NMRK traded up $0.11 during trading hours on Friday, hitting $18.21. The company's stock had a trading volume of 1,661,980 shares, compared to its average volume of 1,479,763. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.39 and a current ratio of 0.39. Newmark Group, Inc. has a 12 month low of $9.65 and a 12 month high of $18.59. The business has a 50-day simple moving average of $14.56 and a 200-day simple moving average of $12.80. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 43.36 and a beta of 2.04.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.26 by $0.05. Newmark Group had a net margin of 2.51% and a return on equity of 22.73%. The business had revenue of $759.10 million during the quarter, compared to analyst estimates of $695.24 million. During the same period last year, the business posted $0.22 earnings per share. Newmark Group's quarterly revenue was up 19.9% compared to the same quarter last year. Newmark Group has set its FY 2025 guidance at 1.470-1.570 EPS. On average, analysts anticipate that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Thursday, August 14th were issued a $0.03 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.12 annualized dividend and a yield of 0.7%. Newmark Group's dividend payout ratio (DPR) is 28.57%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NMRK shares. Wall Street Zen raised Newmark Group from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Piper Sandler raised their target price on Newmark Group from $16.00 to $19.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Wolfe Research raised Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 target price on the stock in a research note on Friday, May 23rd. Keefe, Bruyette & Woods raised their target price on Newmark Group from $14.00 to $15.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Finally, JMP Securities raised their target price on Newmark Group from $17.00 to $19.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $16.83.

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.