Arrowstreet Capital Limited Partnership Cuts Stock Position in Newmark Group, Inc. $NMRK

Key Points

• Arrowstreet Capital cut its Newmark Group position by 71.2% in the first quarter, selling 83,112 shares and retaining 33,604 shares valued at approximately $504,000. Institutional investors collectively own 58.42% of NMRK.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $19.62, compared with the stock’s reported opening price of $14.81.
• Newmark reported quarterly revenue of $888.42 million, up 17% year over year, and EPS of $0.39, matching estimates. The company also announced a quarterly dividend of $0.06 per share, equivalent to a 1.6% annualized yield.

Arrowstreet Capital Limited Partnership lessened its holdings in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 71.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,604 shares of the company's stock after selling 83,112 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in Newmark Group were worth $504,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of NMRK. Dimensional Fund Advisors LP grew its stake in Newmark Group by 4.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,343,384 shares of the company's stock valued at $80,095,000 after acquiring an additional 227,649 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Newmark Group by 88.9% in the second quarter. Ameriprise Financial Inc. now owns 2,520,314 shares of the company's stock valued at $30,622,000 after buying an additional 1,186,191 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Newmark Group by 2.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,481,417 shares of the company's stock valued at $30,199,000 after buying an additional 55,628 shares during the period. Balyasny Asset Management L.P. boosted its position in Newmark Group by 422.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,039,976 shares of the company's stock worth $35,373,000 after acquiring an additional 1,649,189 shares during the last quarter. Finally, Systematic Financial Management LP grew its stake in Newmark Group by 7.7% in the 1st quarter. Systematic Financial Management LP now owns 1,692,518 shares of the company's stock worth $25,371,000 after acquiring an additional 121,011 shares during the period. 58.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NMRK has been the subject of a number of recent research reports. Weiss Ratings upgraded Newmark Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, May 11th. Wall Street Zen lowered shares of Newmark Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday. Keefe, Bruyette & Woods increased their price objective on shares of Newmark Group from $18.00 to $18.50 and gave the stock an "outperform" rating in a research note on Friday, May 1st. Zacks Research raised Newmark Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Finally, Citizens Jmp raised their price target on Newmark Group from $21.00 to $22.00 and gave the stock a "market outperform" rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $19.62.

Newmark Group Price Performance

Shares of NASDAQ:NMRK opened at $14.81 on Friday. The business has a 50 day moving average price of $15.16 and a 200 day moving average price of $15.35. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 18.28 and a beta of 1.68. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. Newmark Group, Inc. has a twelve month low of $13.36 and a twelve month high of $19.83.

Newmark Group (NASDAQ:NMRK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. Newmark Group had a net margin of 4.11% and a return on equity of 27.30%. The firm had revenue of $888.42 million for the quarter, compared to analyst estimates of $865.24 million. During the same quarter in the previous year, the firm posted $0.31 EPS. The business's revenue for the quarter was up 17.0% on a year-over-year basis. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. Research analysts predict that Newmark Group, Inc. will post 1.97 earnings per share for the current year.

Newmark Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 14th. Newmark Group's dividend payout ratio (DPR) is 29.63%.

Newmark Group Company Profile

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.

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