Lazard Asset Management LLC Lowers Stock Holdings in Newmark Group, Inc. $NMRK

Lazard Asset Management LLC reduced its position in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 79.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,022 shares of the company's stock after selling 85,134 shares during the quarter. Lazard Asset Management LLC's holdings in Newmark Group were worth $330,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NMRK. Millstone Evans Group LLC lifted its holdings in Newmark Group by 366.3% during the 1st quarter. Millstone Evans Group LLC now owns 1,646 shares of the company's stock worth $25,000 after buying an additional 1,293 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Newmark Group during the 3rd quarter worth about $29,000. Larson Financial Group LLC raised its holdings in Newmark Group by 98.9% in the third quarter. Larson Financial Group LLC now owns 1,840 shares of the company's stock valued at $34,000 after acquiring an additional 915 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Newmark Group by 42.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,676 shares of the company's stock valued at $46,000 after buying an additional 797 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Newmark Group by 4,587.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,687 shares of the company's stock valued at $82,000 after acquiring an additional 4,587 shares during the last quarter. Hedge funds and other institutional investors own 58.42% of the company's stock.

Newmark Group Stock Down 1.3%

NMRK opened at $14.81 on Friday. The firm has a market cap of $2.63 billion, a P/E ratio of 18.28 and a beta of 1.68. Newmark Group, Inc. has a 52 week low of $13.36 and a 52 week high of $19.83. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. The business's fifty day simple moving average is $15.16 and its 200 day simple moving average is $15.35.

Newmark Group (NASDAQ:NMRK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.39 earnings per share for the quarter, meeting analysts' consensus estimates of $0.39. The business had revenue of $888.42 million during the quarter, compared to analyst estimates of $865.24 million. Newmark Group had a net margin of 4.11% and a return on equity of 27.30%. The company's revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 earnings per share. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. As a group, equities research analysts anticipate that Newmark Group, Inc. will post 1.97 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, August 14th. Newmark Group's dividend payout ratio is presently 29.63%.

Analysts Set New Price Targets

A number of research analysts recently commented on NMRK shares. Keefe, Bruyette & Woods increased their target price on shares of Newmark Group from $18.00 to $18.50 and gave the company an "outperform" rating in a research report on Friday, May 1st. Citizens Jmp increased their price target on Newmark Group from $21.00 to $22.00 and gave the stock a "market outperform" rating in a report on Friday, May 1st. Piper Sandler reiterated an "overweight" rating and set a $19.00 price target on shares of Newmark Group in a research note on Monday, June 29th. Weiss Ratings raised Newmark Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, May 11th. Finally, Wall Street Zen cut Newmark Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Newmark Group presently has an average rating of "Buy" and a consensus target price of $19.62.

About Newmark Group

Newmark Group, Inc is a publicly traded commercial real estate advisory firm headquartered in New York City. The company provides a comprehensive suite of services to real estate investors, occupiers and developers, including leasing advisory, property management, capital markets placement, loan servicing, valuation and advisory services. Newmark's platform integrates local market expertise with national reach to support clients across diverse property types such as office, industrial, retail, multifamily and specialty assets.

Operating across two principal segments—global corporate services and capital markets & property-level services—Newmark delivers tailored solutions encompassing tenant representation, landlord leasing, investment sales, debt and equity financing, and appraisal services.

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