MetLife Investment Management LLC Sells 1,017 Shares of Newmark Group, Inc. $NMRK

MetLife Investment Management LLC lessened its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,883 shares of the company’s stock after selling 1,017 shares during the period. MetLife Investment Management LLC’s holdings in Newmark Group were worth $960,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Financial Management Professionals Inc. bought a new stake in shares of Newmark Group during the first quarter worth approximately $26,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Newmark Group during the first quarter valued at approximately $47,000. KBC Group NV acquired a new position in Newmark Group during the first quarter valued at approximately $78,000. CWM LLC raised its position in Newmark Group by 63.8% during the first quarter. CWM LLC now owns 7,693 shares of the company’s stock valued at $94,000 after purchasing an additional 2,996 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Newmark Group by 48.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,378 shares of the company’s stock valued at $120,000 after purchasing an additional 3,070 shares in the last quarter. Institutional investors own 58.42% of the company’s stock.

Newmark Group Price Performance

Shares of NASDAQ NMRK opened at $18.56 on Friday. Newmark Group, Inc. has a fifty-two week low of $9.65 and a fifty-two week high of $18.61. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 44.19 and a beta of 2.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.39 and a current ratio of 0.39. The firm’s 50-day simple moving average is $15.16 and its 200 day simple moving average is $12.94.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.05. Newmark Group had a net margin of 2.51% and a return on equity of 22.73%. The business had revenue of $759.10 million for the quarter, compared to analysts’ expectations of $695.24 million. During the same quarter last year, the firm earned $0.22 EPS. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. Newmark Group has set its FY 2025 guidance at 1.470-1.570 EPS. As a group, research analysts anticipate that Newmark Group, Inc. will post 1.45 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

The company 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 was Thursday, August 14th. This represents a $0.12 annualized dividend and a yield of 0.6%. Newmark Group’s dividend payout ratio (DPR) is 28.57%.

Wall Street Analyst Weigh In

NMRK has been the subject of several research analyst reports. Piper Sandler boosted their price objective on shares of Newmark Group from $16.00 to $19.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Wall Street Zen upgraded shares of Newmark Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Keefe, Bruyette & Woods boosted their price objective on shares of Newmark Group from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Wolfe Research upgraded shares of Newmark Group from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a research report on Friday, May 23rd. Finally, Citizens Jmp started coverage on shares of Newmark Group in a research report on Monday, July 21st. They set a “strong-buy” rating and a $17.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $16.83.

Newmark Group Company Profile

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.