Wealth Enhancement Advisory Services LLC Grows Stock Holdings in Newmark Group, Inc. $NMRK

Wealth Enhancement Advisory Services LLC raised its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 14.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,443 shares of the company’s stock after buying an additional 4,859 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Newmark Group were worth $481,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. OneDigital Investment Advisors LLC raised its stake in shares of Newmark Group by 10.4% in the first quarter. OneDigital Investment Advisors LLC now owns 11,878 shares of the company’s stock valued at $145,000 after acquiring an additional 1,121 shares in the last quarter. KBC Group NV acquired a new stake in shares of Newmark Group in the first quarter valued at $78,000. Allspring Global Investments Holdings LLC raised its stake in shares of Newmark Group by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 62,072 shares of the company’s stock valued at $752,000 after acquiring an additional 21,773 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Newmark Group in the first quarter valued at $916,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Newmark Group in the first quarter valued at $264,000. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Newmark Group Stock Performance

Shares of NMRK stock opened at $18.18 on Monday. The stock has a market capitalization of $3.21 billion, a PE ratio of 43.29 and a beta of 2.09. Newmark Group, Inc. has a 52-week low of $9.65 and a 52-week high of $19.78. The stock’s 50-day moving average price is $17.69 and its 200 day moving average price is $13.70. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.58.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.05. Newmark Group had a return on equity of 22.73% and a net margin of 2.51%.The firm had revenue of $759.10 million for the quarter, compared to analysts’ expectations of $695.24 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. Newmark Group has set its FY 2025 guidance at 1.470-1.570 EPS. As a group, equities research analysts forecast that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Thursday, August 14th were given a dividend of $0.03 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.12 annualized dividend and a yield of 0.7%. Newmark Group’s payout ratio is presently 28.57%.

Analyst Ratings Changes

Several analysts have recently issued reports on NMRK shares. Piper Sandler increased their price objective on Newmark Group from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Keefe, Bruyette & Woods increased their price objective on Newmark Group from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. JMP Securities increased their price objective on Newmark Group from $17.00 to $19.00 and gave the company a “market outperform” rating in a research note on Thursday, July 31st. Citizens Jmp assumed coverage on Newmark Group in a research note on Monday, July 21st. They issued a “strong-buy” rating and a $17.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Newmark Group in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $16.83.

Newmark Group 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.