Deutsche Bank AG Sells 455,186 Shares of Newmark Group, Inc. $NMRK

Key Points

• Deutsche Bank AG has reduced its shareholdings in Newmark Group, Inc. by 80.3%, selling 455,186 shares during the first quarter, now holding only 111,462 shares valued at $1.36 million.
• Newmark Group reported Q2 earnings of $0.31 per share, surpassing analyst estimates of $0.26, with revenue rising 19.9% year-over-year to $759.10 million.
• The company has declared a quarterly dividend of $0.03, yielding 0.7%, with a dividend payout ratio of 28.57%.

Deutsche Bank AG lessened its holdings in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 80.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 111,462 shares of the company's stock after selling 455,186 shares during the quarter. Deutsche Bank AG owned about 0.06% of Newmark Group worth $1,356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Barclays PLC grew its holdings in shares of Newmark Group by 0.3% during the fourth quarter. Barclays PLC now owns 227,866 shares of the company's stock valued at $2,919,000 after buying an additional 767 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of Newmark Group by 1.3% during the fourth quarter. MetLife Investment Management LLC now owns 79,900 shares of the company's stock valued at $1,024,000 after buying an additional 1,035 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings 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. PNC Financial Services Group Inc. grew its holdings in shares of Newmark Group by 9.5% during the first quarter. PNC Financial Services Group Inc. now owns 14,396 shares of the company's stock valued at $175,000 after buying an additional 1,250 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Newmark Group by 4.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 32,806 shares of the company's stock valued at $420,000 after buying an additional 1,286 shares during the last quarter. Hedge funds and other institutional investors own 58.42% of the company's stock.

Newmark Group Stock Up 5.7%

Shares of Newmark Group stock opened at $18.14 on Friday. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 43.19 and a beta of 2.04. The company's 50 day moving average is $13.86 and its 200 day moving average is $12.65. Newmark Group, Inc. has a twelve month low of $9.65 and a twelve month high of $18.39. 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 (NASDAQ:NMRK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.05. Newmark Group had a net margin of 2.51% and a return on equity of 22.73%. The company had revenue of $759.10 million for the quarter, compared to the consensus estimate of $695.24 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The firm's revenue for the quarter 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 anticipate that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NMRK. Wall Street Zen upgraded shares of Newmark Group from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. JMP Securities increased their price target on shares of Newmark Group from $17.00 to $19.00 and gave the company a "market outperform" rating in a report on Thursday, July 31st. Citizens Jmp began coverage on shares of Newmark Group in a report on Monday, July 21st. They set a "strong-buy" rating and a $17.00 price target on the stock. Keefe, Bruyette & Woods increased their price target on shares of Newmark Group from $14.00 to $15.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Finally, Piper Sandler increased their price target on shares of Newmark Group from $16.00 to $19.00 and gave the company an "overweight" rating in a report on Monday, August 4th. One research 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 company currently has a consensus rating of "Buy" and an average target price of $16.83.

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.

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