Focus Partners Advisor Solutions LLC Makes New Investment in Newmark Group, Inc. $NMRK

Key Points

• Focus Partners Advisor Solutions LLC acquired a new stake of 78,734 shares in Newmark Group, Inc., valued at approximately $958,000, as disclosed in its recent SEC filing.
• Averaging a buy rating, Newmark Group has received multiple price target increases from analysts, with prices set as high as $19.00, indicating a positive outlook.
• Newmark Group reported $0.31 EPS for the last quarter, surpassing expectations and showing a 19.9% revenue increase year-over-year.

Focus Partners Advisor Solutions LLC bought a new position in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 78,734 shares of the company's stock, valued at approximately $958,000.

A number of other institutional investors have also recently bought and sold shares of the stock. OneDigital Investment Advisors LLC lifted its position in Newmark Group by 10.4% in the first quarter. OneDigital Investment Advisors LLC now owns 11,878 shares of the company's stock worth $145,000 after purchasing an additional 1,121 shares during the period. PNC Financial Services Group Inc. increased 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 acquiring an additional 1,250 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Newmark Group by 4.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 32,806 shares of the company's stock worth $420,000 after acquiring an additional 1,286 shares during the period. Cetera Investment Advisers raised its holdings in shares of Newmark Group by 2.7% during the 4th quarter. Cetera Investment Advisers now owns 53,635 shares of the company's stock valued at $687,000 after buying an additional 1,385 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Newmark Group by 1.2% in the 1st quarter. Sei Investments Co. now owns 122,117 shares of the company's stock valued at $1,519,000 after purchasing an additional 1,426 shares during the period. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Newmark Group Stock Up 1.3%

NMRK traded up $0.25 during trading on Monday, hitting $18.81. The stock had a trading volume of 1,325,711 shares, compared to its average volume of 1,193,190. The company has a market capitalization of $3.32 billion, a PE ratio of 44.79 and a beta of 2.08. Newmark Group, Inc. has a twelve month low of $9.65 and a twelve month high of $18.90. The stock has a 50 day simple moving average of $15.16 and a two-hundred day simple moving average of $12.91. 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 (NASDAQ:NMRK - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share (EPS) 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 business had revenue of $759.10 million for the quarter, compared to the consensus estimate of $695.24 million. During the same period in the previous year, the firm earned $0.22 EPS. The business's revenue was up 19.9% on a year-over-year basis. Newmark Group has set its FY 2025 guidance at 1.470-1.570 EPS. On average, 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 disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 14th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 14th. Newmark Group's payout ratio is currently 28.57%.

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.