Assenagon Asset Management S.A. Takes Position in Newmark Group, Inc. $NMRK

Assenagon Asset Management S.A. purchased a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 382,257 shares of the company’s stock, valued at approximately $7,129,000. Assenagon Asset Management S.A. owned approximately 0.22% of Newmark Group at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Newmark Group in the second quarter worth about $131,000. Voya Investment Management LLC grew its holdings in Newmark Group by 22.8% in the 1st quarter. Voya Investment Management LLC now owns 84,215 shares of the company’s stock worth $1,025,000 after buying an additional 15,621 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Newmark Group by 14.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 38,443 shares of the company’s stock valued at $481,000 after purchasing an additional 4,859 shares in the last quarter. Boston Partners increased its stake in Newmark Group by 65.2% during the 2nd quarter. Boston Partners now owns 2,212,910 shares of the company’s stock valued at $26,899,000 after buying an additional 873,180 shares during the period. Finally, Capital Fund Management S.A. acquired a new position in shares of Newmark Group during the second quarter valued at approximately $890,000. 58.42% of the stock is currently owned by institutional investors.

Newmark Group Trading Down 1.2%

Shares of NASDAQ NMRK opened at $17.50 on Monday. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 30.70 and a beta of 1.92. The business has a 50 day simple moving average of $17.50 and a 200 day simple moving average of $16.16. Newmark Group, Inc. has a 52 week low of $9.65 and a 52 week high of $19.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.39 and a current ratio of 0.39.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.01. The firm had revenue of $863.46 million for the quarter, compared to analyst estimates 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 quarter last year, the firm earned $0.33 earnings per share. Newmark Group has set its FY 2025 guidance at 1.530-1.630 EPS. On average, research 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 Tuesday, December 2nd. Investors of record on Monday, November 17th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, November 17th. Newmark Group’s payout ratio is presently 21.05%.

Wall Street Analyst Weigh In

NMRK has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Newmark Group from $18.00 to $21.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Zacks Research lowered Newmark Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Wall Street Zen raised Newmark Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. Citigroup reiterated a “market outperform” rating on shares of Newmark Group in a report on Thursday. Finally, Barclays started coverage on Newmark Group in a research report on Tuesday, December 2nd. They issued an “overweight” rating and a $21.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $18.29.

Newmark Group Profile

Newmark Group, Inc is a publicly traded commercial real estate advisory firm headquartered in New York City. The company provides a comprehensive suite of services to real estate investors, occupiers and developers, including leasing advisory, property management, capital markets placement, loan servicing, valuation and advisory services. Newmark’s platform integrates local market expertise with national reach to support clients across diverse property types such as office, industrial, retail, multifamily and specialty assets.

Operating across two principal segments—global corporate services and capital markets & property-level services—Newmark delivers tailored solutions encompassing tenant representation, landlord leasing, investment sales, debt and equity financing, and appraisal services.