Asset Management One Co. Ltd. Decreases Holdings in Newmark Group, Inc. $NMRK

Asset Management One Co. Ltd. lowered its stake in Newmark Group, Inc. (NASDAQ:NMRK) by 15.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 21,436 shares of the company’s stock after selling 3,855 shares during the period. Asset Management One Co. Ltd.’s holdings in Newmark Group were worth $260,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Newmark Group in the 1st quarter valued at approximately $47,000. KBC Group NV bought a new stake in Newmark Group in the first quarter worth $78,000. CWM LLC lifted its position in Newmark Group by 63.8% in the first quarter. CWM LLC now owns 7,693 shares of the company’s stock worth $94,000 after buying an additional 2,996 shares during the last quarter. Xponance Inc. bought a new stake in Newmark Group in the first quarter worth $122,000. Finally, World Investment Advisors purchased a new position in Newmark Group during the first quarter worth $131,000. 58.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NMRK shares. Wall Street Zen raised shares of Newmark Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Citizens Jmp initiated coverage on shares of Newmark Group in a research report on Monday, July 21st. They issued a “strong-buy” rating and a $17.00 price objective on the stock. Zacks Research downgraded shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Keefe, Bruyette & Woods upped their target price on Newmark Group from $18.00 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Finally, JMP Securities increased their price target on Newmark Group from $17.00 to $19.00 and gave the stock a “market outperform” rating in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.83.

Newmark Group Stock Down 3.0%

Shares of NASDAQ NMRK opened at $18.07 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 43.02 and a beta of 2.09. The stock has a 50 day moving average price of $18.49 and a 200 day moving average price of $14.57. Newmark Group, Inc. has a 52-week low of $9.65 and a 52-week high of $19.83.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. The company had revenue of $863.46 million for the quarter, compared to the consensus estimate of $767.12 million. Newmark Group had a return on equity of 22.73% and a net margin of 2.51%.Newmark Group’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period last year, the business posted $0.33 EPS. Newmark Group has set its FY 2025 guidance at 1.530-1.630 EPS. Sell-side analysts expect that Newmark Group, Inc. will post 1.45 earnings per share for the current year.

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.