Capital Fund Management S.A. Invests $890,000 in Newmark Group, Inc. $NMRK

Capital Fund Management S.A. acquired a new stake in Newmark Group, Inc. (NASDAQ:NMRK) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 73,260 shares of the company’s stock, valued at approximately $890,000.

Several other hedge funds have also added to or reduced their stakes in NMRK. Teacher Retirement System of Texas grew its stake in Newmark Group by 4.6% in the second quarter. Teacher Retirement System of Texas now owns 21,743 shares of the company’s stock valued at $264,000 after acquiring an additional 949 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Newmark Group by 8.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 12,515 shares of the company’s stock worth $152,000 after purchasing an additional 968 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Newmark Group by 9.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,396 shares of the company’s stock valued at $175,000 after purchasing an additional 1,250 shares in the last quarter. Sei Investments Co. grew its position in shares of Newmark Group by 1.2% in 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 period. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Newmark Group by 9.3% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 23,720 shares of the company’s stock valued at $288,000 after purchasing an additional 2,025 shares during the period. Institutional investors and hedge funds own 58.42% of the company’s stock.

Newmark Group Stock Down 2.0%

Newmark Group stock opened at $17.44 on Friday. 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, Inc. has a 1-year low of $9.65 and a 1-year high of $19.83. The company has a fifty day simple moving average of $17.62 and a 200 day simple moving average of $15.64. The company has a market cap of $3.15 billion, a P/E ratio of 30.60 and a beta of 1.92.

Newmark Group (NASDAQ:NMRK) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $767.12 million. Newmark Group had a net margin of 3.26% and a return on equity of 23.69%. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 EPS. Newmark Group has set its FY 2025 guidance at 1.530-1.630 EPS. Research analysts anticipate that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have commented on NMRK. Weiss Ratings restated a “hold (c)” rating on shares of Newmark Group in a report on Wednesday, October 8th. Barclays initiated coverage on shares of Newmark Group in a report on Tuesday. They set an “overweight” rating and a $21.00 price objective on the stock. Keefe, Bruyette & Woods upped their target price on shares of Newmark Group from $18.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Zacks Research cut Newmark Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Finally, Wall Street Zen upgraded Newmark Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Newmark Group currently has a consensus rating of “Moderate Buy” and an average price target of $18.29.

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.