Deutsche Bank AG Has $1.36 Million Holdings in 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 cut its stake in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 80.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,462 shares of the company's stock after selling 455,186 shares during the period. Deutsche Bank AG owned approximately 0.06% of Newmark Group worth $1,356,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NMRK. Millennium Management LLC raised its holdings in Newmark Group by 138.5% in the 4th quarter. Millennium Management LLC now owns 1,916,186 shares of the company's stock valued at $24,546,000 after acquiring an additional 1,112,610 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Newmark Group in the 4th quarter valued at $5,277,000. SG Americas Securities LLC boosted its holdings in shares of Newmark Group by 822.8% in the 1st quarter. SG Americas Securities LLC now owns 427,144 shares of the company's stock valued at $5,198,000 after purchasing an additional 380,855 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Newmark Group in the 4th quarter valued at $4,785,000. Finally, Marshall Wace LLP acquired a new stake in shares of Newmark Group in the 4th quarter valued at $2,153,000. 58.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on NMRK. 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 report on Friday, May 23rd. Keefe, Bruyette & Woods raised their target price on Newmark Group from $14.00 to $15.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Wall Street Zen raised Newmark Group from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Piper Sandler raised their target price on Newmark Group from $16.00 to $19.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Citizens Jmp began coverage on Newmark Group in a report on Monday, July 21st. They issued a "strong-buy" rating and a $17.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, Newmark Group currently has a consensus rating of "Buy" and an average target price of $16.83.

Newmark Group Price Performance

Shares of NASDAQ:NMRK traded up $0.11 during trading on Friday, hitting $18.21. 1,661,980 shares of the company were exchanged, compared to its average volume of 1,479,763. The business's 50 day moving average is $14.56 and its 200-day moving average is $12.81. The company has a market capitalization of $3.22 billion, a P/E ratio of 43.36 and a beta of 2.04. 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 1-year low of $9.65 and a 1-year high of $18.59.

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

Newmark Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 14th. Newmark Group's payout ratio is 28.57%.

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.