Newmark Group, Inc. $NMRK Stock: Assenagon Asset Management S.A. Decreases Holdings

Key Points

• Assenagon Asset Management cut its Newmark Group holdings by 89.2% in the third quarter, selling 260,515 shares and retaining 31,661 shares worth approximately $388,000. Institutional investors and hedge funds collectively own 58.42% of NMRK.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $17.60. Price targets range from $13.00 to $22.00.
• Newmark’s latest quarterly results showed revenue growth of 17% year over year to $888.42 million, while EPS of $0.39 matched estimates. The company also pays a quarterly dividend of $0.06 per share, yielding about 2.1% annually.

Assenagon Asset Management S.A. reduced its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 89.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 31,661 shares of the company's stock after selling 260,515 shares during the period. Assenagon Asset Management S.A.'s holdings in Newmark Group were worth $388,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of NMRK. Edge Wealth Management LLC grew its holdings in Newmark Group by 19.7% in the third quarter. Edge Wealth Management LLC now owns 200,572 shares of the company's stock valued at $2,456,000 after purchasing an additional 33,009 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Newmark Group in the 2nd quarter worth about $550,000. Arizona State Retirement System boosted its position in shares of Newmark Group by 2.8% in the 2nd quarter. Arizona State Retirement System now owns 42,768 shares of the company's stock worth $646,000 after buying an additional 1,161 shares in the last quarter. Nykredit A S purchased a new position in Newmark Group during the 2nd quarter valued at about $41,000. Finally, Corient Private Wealth LP increased its holdings in Newmark Group by 16.8% during the 2nd quarter. Corient Private Wealth LP now owns 50,444 shares of the company's stock valued at $762,000 after acquiring an additional 7,247 shares in the last quarter. 58.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NMRK. Citigroup reaffirmed a "market outperform" rating on shares of Newmark Group in a research report on Thursday. UBS Group set a $22.00 price target on Newmark Group in a research note on Monday, August 10th. Barclays lifted their price target on Newmark Group from $19.00 to $20.00 and gave the company an "overweight" rating in a report on Monday, August 17th. Weiss Ratings upgraded Newmark Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, October 13th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $13.00 price objective (down from $14.00) on shares of Newmark Group in a research note on Monday, October 19th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $17.60.

Newmark Group Price Performance

Shares of NASDAQ:NMRK opened at $11.52 on Friday. Newmark Group, Inc. has a fifty-two week low of $11.26 and a fifty-two week high of $19.83. The business has a 50-day moving average of $13.70 and a two-hundred day moving average of $14.73. The stock has a market capitalization of $2.09 billion, a P/E ratio of 14.22 and a beta of 1.76. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.55 and a quick ratio of 0.55.

Newmark Group (NASDAQ:NMRK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Newmark Group had a return on equity of 27.07% and a net margin of 4.11%. The company had revenue of $888.42 million for the quarter, compared to the consensus estimate of $865.24 million. During the same quarter last year, the company posted $0.31 earnings per share. The company's revenue for the quarter was up 17.0% compared to the same quarter last year. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. On average, equities research analysts predict that Newmark Group, Inc. will post 1.94 EPS for the current fiscal year.

Newmark Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, August 14th. Newmark Group's dividend payout ratio (DPR) is currently 29.63%.

About Newmark Group

Newmark Group, Inc is a global commercial real estate services company that provides advisory, transaction, and management services to occupiers, owners, investors, and developers. Its services cover office, industrial, retail, multifamily, hospitality, and other commercial property sectors.

The company assists clients with leasing, investment sales, acquisition and disposition advisory, debt and structured finance, valuation, consulting, and property and facilities management. Newmark also provides corporate real estate services, workplace strategy, capital markets advice, and technology-enabled data and research solutions.

Newmark serves clients through operations in major real estate markets across North America, Europe, Asia-Pacific, and other international regions.

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