Voya Investment Management LLC Purchases 15,621 Shares of Newmark Group, Inc. $NMRK

Voya Investment Management LLC increased its position in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 22.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,215 shares of the company's stock after buying an additional 15,621 shares during the period. Voya Investment Management LLC's holdings in Newmark Group were worth $1,025,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Strs Ohio bought a new stake in Newmark Group in the first quarter valued at $298,000. Intech Investment Management LLC increased its stake in Newmark Group by 39.3% in the first quarter. Intech Investment Management LLC now owns 127,299 shares of the company's stock valued at $1,549,000 after purchasing an additional 35,926 shares in the last quarter. Jane Street Group LLC increased its stake in Newmark Group by 148.3% in the first quarter. Jane Street Group LLC now owns 390,633 shares of the company's stock valued at $4,754,000 after purchasing an additional 233,330 shares in the last quarter. Aristeia Capital L.L.C. bought a new stake in Newmark Group in the first quarter valued at $481,000. Finally, Caxton Associates LLP bought a new stake in Newmark Group in the first quarter valued at $276,000. 58.42% of the stock is owned by institutional investors.

Newmark Group Stock Up 0.7%

NMRK opened at $19.34 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.58. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 46.05 and a beta of 2.08. Newmark Group, Inc. has a twelve month low of $9.65 and a twelve month high of $19.78. The company's 50-day moving average price is $16.77 and its two-hundred day moving average price is $13.35.

Newmark Group (NASDAQ:NMRK - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.05. The firm had revenue of $759.10 million for the quarter, compared to analysts' expectations of $695.24 million. Newmark Group had a net margin of 2.51% and a return on equity of 22.73%. The company's quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 earnings per share. Newmark Group has set its FY 2025 guidance at 1.470-1.570 EPS. As a group, equities analysts expect 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 was paid on Friday, August 29th. Stockholders of record on Thursday, August 14th were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.6%. Newmark Group's payout ratio is 28.57%.

Analyst Upgrades and Downgrades

NMRK has been the subject of several research analyst reports. Wall Street Zen raised shares of Newmark Group from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. 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 research note on Thursday, July 31st. Keefe, Bruyette & Woods lifted their price target on shares of Newmark Group from $14.00 to $15.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Piper Sandler lifted their price objective on shares of 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 started coverage on shares of Newmark Group in a report on Monday, July 21st. They set a "strong-buy" rating and a $17.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price 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.

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