Public Employees Retirement System of Ohio Has $336,000 Stock Holdings in Newmark Group, Inc. $NMRK

Public Employees Retirement System of Ohio lessened its holdings in Newmark Group, Inc. (NASDAQ:NMRK) by 21.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,654 shares of the company’s stock after selling 7,428 shares during the period. Public Employees Retirement System of Ohio’s holdings in Newmark Group were worth $336,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Millennium Management LLC raised its position in Newmark Group by 89.7% in the first quarter. Millennium Management LLC now owns 3,635,561 shares of the company’s stock worth $44,245,000 after purchasing an additional 1,719,375 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Newmark Group by 2.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,481,417 shares of the company’s stock worth $30,199,000 after purchasing an additional 55,628 shares in the last quarter. Nuveen LLC acquired a new position in Newmark Group in the first quarter worth about $21,497,000. Penn Capital Management Company LLC raised its position in Newmark Group by 30.4% in the first quarter. Penn Capital Management Company LLC now owns 1,508,090 shares of the company’s stock worth $18,401,000 after purchasing an additional 351,854 shares in the last quarter. Finally, Systematic Financial Management LP raised its position in Newmark Group by 0.7% in the first quarter. Systematic Financial Management LP now owns 1,486,736 shares of the company’s stock worth $18,094,000 after purchasing an additional 10,613 shares in the last quarter. Institutional investors and hedge funds own 58.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Zacks Research lowered shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. JMP Securities raised their price objective on shares of Newmark Group from $17.00 to $19.00 and gave the stock a “market outperform” rating in a report on Thursday, July 31st. Citizens Jmp initiated coverage on shares of Newmark Group in a report on Monday, July 21st. They set a “strong-buy” rating and a $17.00 price objective for the company. Keefe, Bruyette & Woods raised their price objective on shares of Newmark Group from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Finally, Wall Street Zen raised shares of Newmark Group from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.83.

Newmark Group Stock Performance

Shares of Newmark Group stock opened at $17.67 on Tuesday. Newmark Group, Inc. has a fifty-two week low of $9.65 and a fifty-two week high of $19.78. The firm has a market cap of $3.12 billion, a P/E ratio of 42.07 and a beta of 2.09. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a 50 day simple moving average of $17.77 and a 200 day simple moving average of $13.73.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Newmark Group had a net margin of 2.51% and a return on equity of 22.73%. The firm had revenue of $759.10 million for the quarter, compared to analysts’ expectations of $695.24 million. During the same period last year, the firm earned $0.22 earnings per share. The business’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. Sell-side analysts predict that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Dividend Announcement

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

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.