Newmark Group, Inc. $NMRK Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 63.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 24,639 shares of the company’s stock after selling 42,005 shares during the quarter. Voya Investment Management LLC’s holdings in Newmark Group were worth $460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NMRK. Trexquant Investment LP acquired a new stake in Newmark Group during the first quarter worth approximately $262,000. Royal Bank of Canada grew its holdings in Newmark Group by 16.5% in the first quarter. Royal Bank of Canada now owns 44,977 shares of the company’s stock valued at $546,000 after purchasing an additional 6,375 shares during the period. Clark Capital Management Group Inc. grew its holdings in Newmark Group by 17.6% in the first quarter. Clark Capital Management Group Inc. now owns 330,853 shares of the company’s stock valued at $4,026,000 after purchasing an additional 49,526 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Newmark Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,330 shares of the company’s stock worth $953,000 after purchasing an additional 3,430 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Newmark Group by 89.7% during 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 during the period. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Newmark Group in a report on Wednesday, October 8th. Citigroup reaffirmed a “market outperform” rating on shares of Newmark Group in a research note on Thursday, December 18th. Wall Street Zen upgraded Newmark Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. Zacks Research cut shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Finally, Barclays started coverage on shares of Newmark Group in a research report on Tuesday, December 2nd. They issued an “overweight” rating and a $21.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.29.

Newmark Group Stock Down 2.1%

Shares of NASDAQ:NMRK opened at $16.97 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. The company has a fifty day simple moving average of $17.29 and a 200 day simple moving average of $16.51. The firm has a market cap of $3.06 billion, a PE ratio of 29.77 and a beta of 1.93. Newmark Group, Inc. has a 12-month low of $9.65 and a 12-month high of $19.83.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The firm had revenue of $863.46 million for the quarter, compared to the consensus estimate of $767.12 million. Newmark Group had a net margin of 3.26% and a return on equity of 23.69%. The firm’s revenue was up 25.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 EPS. Newmark Group has set its FY 2025 guidance at 1.530-1.630 EPS. On average, equities research analysts anticipate that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, November 17th. Newmark Group’s dividend payout ratio (DPR) is 21.05%.

About Newmark Group

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.