Newmark Group, Inc. $NMRK Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC decreased its position in Newmark Group, Inc. (NASDAQ:NMRK) by 26.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 351,713 shares of the company’s stock after selling 127,090 shares during the period. Squarepoint Ops LLC’s holdings in Newmark Group were worth $5,314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Focus Partners Wealth lifted its holdings in Newmark Group by 4.6% in the third quarter. Focus Partners Wealth now owns 14,176 shares of the company’s stock valued at $264,000 after acquiring an additional 619 shares during the last quarter. Larson Financial Group LLC grew its position in Newmark Group by 98.9% in the third quarter. Larson Financial Group LLC now owns 1,840 shares of the company’s stock worth $34,000 after acquiring an additional 915 shares during the period. Bleakley Financial Group LLC increased its stake in Newmark Group by 4.9% during the fourth quarter. Bleakley Financial Group LLC now owns 20,723 shares of the company’s stock worth $359,000 after acquiring an additional 973 shares during the last quarter. Fox Run Management L.L.C. raised its position in Newmark Group by 8.1% in the fourth quarter. Fox Run Management L.L.C. now owns 14,489 shares of the company’s stock valued at $251,000 after purchasing an additional 1,091 shares during the period. Finally, Arizona State Retirement System raised its position in Newmark Group by 2.8% in the second quarter. Arizona State Retirement System now owns 42,768 shares of the company’s stock valued at $646,000 after purchasing an additional 1,161 shares during the period. Institutional investors and hedge funds own 58.42% of the company’s stock.

Newmark Group Stock Up 1.8%

Shares of NASDAQ NMRK opened at $14.42 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $15.30 and its two-hundred day moving average is $15.13. Newmark Group, Inc. has a 52-week low of $13.36 and a 52-week high of $19.83. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 17.80 and a beta of 1.67.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Newmark Group had a return on equity of 27.07% and a net margin of 4.11%.The business had revenue of $888.42 million during the quarter, compared to analyst estimates of $865.24 million. During the same period last year, the business posted $0.31 earnings per share. The company’s quarterly revenue was up 17.0% on a year-over-year basis. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. Research analysts predict that Newmark Group, Inc. will post 1.97 EPS for the current year.

Newmark Group Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, August 14th. Newmark Group’s dividend payout ratio (DPR) is 29.63%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Citigroup reaffirmed a “market outperform” rating on shares of Newmark Group in a research note on Monday, August 10th. UBS Group set a $22.00 price objective on Newmark Group in a research report on Monday, August 10th. Piper Sandler restated an “overweight” rating and issued a $19.00 price objective on shares of Newmark Group in a report on Monday, June 29th. Barclays upped their target price on shares of Newmark Group from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, August 17th. Finally, Zacks Research raised shares of Newmark Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $20.30.

Newmark Group Company Profile

Newmark Group, Inc is a commercial real estate services company that provides advisory, transaction, and property-related services to corporate, institutional, and private clients. Its activities include office and industrial leasing, investment sales, debt and equity placement, valuation, consulting, and corporate real estate advisory.

The company also offers property management, facilities management, project management, and other services intended to support the ownership, operation, and strategic planning of commercial real estate.