21,954 Shares in Newmark Group, Inc. $NMRK Acquired by CSM Advisors LLC

CSM Advisors LLC acquired a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 21,954 shares of the company’s stock, valued at approximately $267,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Teacher Retirement System of Texas boosted its position in shares of 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 acquiring an additional 949 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Newmark Group by 8.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,515 shares of the company’s stock valued at $152,000 after acquiring an additional 968 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Newmark Group by 9.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,396 shares of the company’s stock worth $175,000 after purchasing an additional 1,250 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Newmark Group by 1.2% during the 1st quarter. Sei Investments Co. now owns 122,117 shares of the company’s stock valued at $1,519,000 after purchasing an additional 1,426 shares during the last quarter. Finally, Oliver Luxxe Assets LLC grew its position in shares of Newmark Group by 2.3% during the second quarter. Oliver Luxxe Assets LLC now owns 105,297 shares of the company’s stock valued at $1,279,000 after purchasing an additional 2,389 shares in the last quarter. Institutional investors own 58.42% of the company’s stock.

Newmark Group Trading Up 2.7%

NMRK stock opened at $17.48 on Wednesday. Newmark Group, Inc. has a twelve month low of $9.65 and a twelve month high of $19.83. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 30.67 and a beta of 2.13. 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 firm’s fifty day simple moving average is $18.36 and its two-hundred day simple moving average is $15.01.

Newmark Group (NASDAQ:NMRK) last released its earnings results on Thursday, October 30th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. Newmark Group had a net margin of 3.26% and a return on equity of 24.04%. The firm had revenue of $863.46 million during the quarter, compared to analyst estimates of $767.12 million. During the same quarter last year, the business earned $0.33 EPS. The business’s revenue was up 25.9% on a year-over-year basis. Newmark Group has set its FY 2025 guidance at 1.530-1.630 EPS. As a group, analysts anticipate that Newmark Group, Inc. will post 1.45 earnings per share for the current year.

Newmark Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, November 17th. Newmark Group’s payout ratio is 21.05%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods lifted their target price on Newmark Group from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Zacks Research downgraded Newmark Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. JMP Securities increased their target price on Newmark Group from $17.00 to $19.00 and gave the company a “market outperform” rating in a research report on Thursday, July 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Newmark Group in a report on Wednesday, October 8th. Finally, Piper Sandler upped their price target on shares of Newmark Group from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Newmark Group presently has a consensus rating of “Moderate Buy” and an average target price of $17.83.

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.