Callan Family Office LLC Takes $226,000 Position in Newmark Group, Inc. $NMRK

Key Points

• Callan Family Office LLC has acquired a new stake in Newmark Group, Inc., purchasing 18,594 shares valued at approximately $226,000.
• The company reported a 19.9% increase in quarterly revenue year-over-year, reaching $759.10 million, and posted earnings per share (EPS) of $0.31, exceeding analyst expectations.
• Newmark Group recently declared a quarterly dividend of $0.03, with an annualized yield of 0.7% and a payout ratio of 28.57%.

Callan Family Office LLC purchased a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 18,594 shares of the company's stock, valued at approximately $226,000.

Other hedge funds have also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Newmark Group during the first quarter valued at $47,000. KBC Group NV purchased a new stake in shares of Newmark Group during the 1st quarter worth about $78,000. CWM LLC raised its stake 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. Xponance Inc. acquired a new stake in shares of Newmark Group during the 1st quarter valued at about $122,000. Finally, Berry Wealth Group LP bought a new stake in shares of Newmark Group in the 1st quarter valued at approximately $127,000. 58.42% of the stock is owned by hedge funds and other institutional investors.

Newmark Group Price Performance

Shares of NASDAQ:NMRK opened at $18.01 on Friday. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 42.88 and a beta of 2.09. The business has a 50 day moving average price of $18.11 and a 200 day moving average price of $13.99. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.58. Newmark Group, Inc. has a twelve month low of $9.65 and a twelve month high of $19.78.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.05. Newmark Group had a return on equity of 22.73% and a net margin of 2.51%.The company had revenue of $759.10 million during the quarter, compared to analyst estimates of $695.24 million. During the same period in the previous year, the company earned $0.22 earnings per share. The company'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. Research analysts predict that Newmark Group, Inc. will post 1.45 earnings per share for the current year.

Newmark Group Announces Dividend

The business also recently declared 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 of this dividend was Thursday, August 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.7%. Newmark Group's dividend payout ratio is 28.57%.

Analyst Upgrades and Downgrades

NMRK has been the topic of several recent research reports. Citizens Jmp began coverage on shares of Newmark Group in a research report on Monday, July 21st. They set a "strong-buy" rating and a $17.00 price objective on the stock. Zacks Research downgraded shares of Newmark Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of Newmark Group from $18.00 to $21.00 and gave the company an "outperform" rating in a research note on Thursday, October 9th. JMP Securities upped their price objective on shares of Newmark Group from $17.00 to $19.00 and gave the stock a "market outperform" rating in a report on Thursday, July 31st. Finally, Wall Street Zen upgraded Newmark Group from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Newmark Group has an average rating of "Moderate Buy" and an average price target of $17.83.

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.

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