Atria Investments Inc Acquires New Shares in Newmark Group, Inc. $NMRK

Atria Investments Inc bought a new stake in Newmark Group, Inc. (NASDAQ:NMRK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,980 shares of the company’s stock, valued at approximately $146,000.

Other hedge funds also recently bought and sold shares of the company. Teacher Retirement System of Texas lifted its holdings in shares of Newmark Group by 4.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 21,743 shares of the company’s stock valued at $264,000 after buying an additional 949 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in Newmark Group by 8.4% during the second 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 in the last quarter. PNC Financial Services Group Inc. lifted its stake in Newmark Group by 9.5% in the first quarter. PNC Financial Services Group Inc. now owns 14,396 shares of the company’s stock valued at $175,000 after acquiring an additional 1,250 shares during the last quarter. Sei Investments Co. lifted its stake in Newmark Group by 1.2% in the first quarter. Sei Investments Co. now owns 122,117 shares of the company’s stock valued at $1,519,000 after acquiring an additional 1,426 shares during the last quarter. Finally, Oliver Luxxe Assets LLC grew its position in Newmark Group by 2.3% in the second quarter. Oliver Luxxe Assets LLC now owns 105,297 shares of the company’s stock worth $1,279,000 after acquiring an additional 2,389 shares in the last quarter. 58.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NMRK shares. Zacks Research cut shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Keefe, Bruyette & Woods raised their target price on Newmark Group from $18.00 to $21.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Citizens Jmp initiated coverage on Newmark Group in a research note on Monday, July 21st. They set a “strong-buy” rating and a $17.00 price target for the company. 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 report on Thursday, July 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Newmark Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.83.

Newmark Group Price Performance

Shares of NMRK stock opened at $16.42 on Friday. Newmark Group, Inc. has a 12 month low of $9.65 and a 12 month high of $19.83. The company has a market capitalization of $2.90 billion, a P/E ratio of 28.81 and a beta of 2.13. The stock has a 50 day moving average of $18.29 and a two-hundred day moving average of $15.07. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.46.

Newmark Group (NASDAQ:NMRK) last issued its earnings results on Thursday, October 30th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. The firm had revenue of $863.46 million during the quarter, compared to analysts’ expectations of $767.12 million. Newmark Group had a return on equity of 23.69% and a net margin of 3.26%.Newmark Group’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period last year, the business earned $0.33 earnings per share. Newmark Group has set its FY 2025 guidance at 1.530-1.630 EPS. As a group, equities analysts expect 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 will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.12 dividend on an annualized basis and a yield of 0.7%. Newmark Group’s payout ratio is presently 21.05%.

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.