Federated Hermes Inc. Grows Stock Position in Newmark Group, Inc. $NMRK

Federated Hermes Inc. boosted its position in Newmark Group, Inc. (NASDAQ:NMRK) by 18.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 727,419 shares of the company’s stock after buying an additional 111,956 shares during the period. Federated Hermes Inc.’s holdings in Newmark Group were worth $13,566,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. CWM LLC lifted its stake in shares of Newmark Group by 6.3% in the 3rd quarter. CWM LLC now owns 12,531 shares of the company’s stock worth $234,000 after acquiring an additional 738 shares during the period. Teacher Retirement System of Texas raised its holdings in Newmark Group by 4.6% during the second quarter. Teacher Retirement System of Texas now owns 21,743 shares of the company’s stock worth $264,000 after purchasing an additional 949 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Newmark Group by 8.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 12,515 shares of the company’s stock valued at $152,000 after purchasing an additional 968 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in Newmark Group by 11.1% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 12,000 shares of the company’s stock valued at $224,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Newmark Group by 3.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 39,699 shares of the company’s stock worth $686,000 after purchasing an additional 1,256 shares during the period. 58.42% of the stock is owned by institutional investors and hedge funds.

Newmark Group Trading Up 0.7%

Shares of NMRK stock opened at $17.83 on Friday. The stock has a market cap of $3.22 billion, a P/E ratio of 31.28 and a beta of 1.93. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.46. Newmark Group, Inc. has a fifty-two week low of $9.65 and a fifty-two week high of $19.83. The business has a fifty day simple moving average of $17.38 and a 200-day simple moving average of $17.28.

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 business had revenue of $863.46 million for the quarter, compared to analyst estimates of $767.12 million. Newmark Group had a net margin of 3.26% and a return on equity of 23.69%. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 EPS. On average, analysts forecast that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NMRK shares. Wall Street Zen raised Newmark Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Newmark Group in a report on Thursday, January 22nd. Barclays assumed coverage on shares of Newmark Group in a research report on Tuesday, December 2nd. They set an “overweight” rating and a $21.00 target price on the stock. Citigroup reiterated a “market outperform” rating on shares of Newmark Group in a report on Thursday, December 18th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Newmark Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Newmark Group has an average rating of “Moderate Buy” and an average price target of $18.43.

Newmark Group Profile

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.