Jacobs Levy Equity Management Inc. Sells 319,120 Shares of Newmark Group, Inc. $NMRK

Key Points

• Jacobs Levy Equity Management Inc. significantly reduced its holdings in Newmark Group, Inc. by 73.6%, now owning approximately $1.39 million in shares after selling over 319,000 shares.
• Newmark Group's stock is currently trading at $19.24 after a quarterly earnings report that exceeded expectations, with an EPS of $0.31 versus a consensus estimate of $0.26.
• The company recently announced a quarterly dividend of $0.03, representing an annual yield of 0.6% and a payout ratio of 28.57%.

Jacobs Levy Equity Management Inc. reduced its stake in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 73.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114,210 shares of the company's stock after selling 319,120 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.06% of Newmark Group worth $1,390,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NMRK. OneDigital Investment Advisors LLC increased its stake in Newmark Group by 10.4% during the 1st 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 period. KBC Group NV acquired a new position in shares of Newmark Group during the first quarter valued at approximately $78,000. Allspring Global Investments Holdings LLC increased its stake in shares of Newmark Group by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 62,072 shares of the company's stock valued at $752,000 after acquiring an additional 21,773 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Newmark Group by 2.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,900 shares of the company's stock worth $959,000 after purchasing an additional 1,653 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Newmark Group in the first quarter worth approximately $916,000. Institutional investors and hedge funds own 58.42% of the company's stock.

Newmark Group Stock Up 1.8%

NASDAQ:NMRK traded up $0.34 during trading hours on Wednesday, reaching $19.21. The company's stock had a trading volume of 1,499,048 shares, compared to its average volume of 1,304,621. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 45.74 and a beta of 2.08. Newmark Group, Inc. has a one year low of $9.65 and a one year high of $19.70. The business's 50-day moving average is $16.22 and its 200-day moving average is $13.20.

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 for the quarter, topping analysts' consensus estimates of $0.26 by $0.05. The company had revenue of $759.10 million during the quarter, compared to analysts' expectations of $695.24 million. Newmark Group had a return on equity of 22.73% and a net margin of 2.51%.The business's quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 earnings per share. Newmark Group has set its FY 2025 guidance at 1.470-1.570 EPS. Equities research analysts predict that Newmark Group, Inc. will post 1.45 EPS 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 dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.6%. The ex-dividend date was Thursday, August 14th. Newmark Group's dividend payout ratio (DPR) is 28.57%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NMRK shares. JMP Securities boosted their price objective on Newmark Group from $17.00 to $19.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 31st. 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. Citizens Jmp initiated coverage on Newmark Group in a report on Monday, July 21st. They issued a "strong-buy" rating and a $17.00 price target on the stock. Piper Sandler upped their price objective 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. Finally, Wall Street Zen upgraded Newmark Group from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. According to MarketBeat, Newmark Group presently has an average rating of "Buy" and a consensus price target 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.