Lazard Asset Management LLC Decreases Stake in Newmark Group, Inc. $NMRK

Lazard Asset Management LLC lessened its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 79.4% in the first quarter, Holdings Channel reports. The firm owned 22,022 shares of the company’s stock after selling 85,134 shares during the period. Lazard Asset Management LLC’s holdings in Newmark Group were worth $330,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Millstone Evans Group LLC lifted its position in Newmark Group by 366.3% during the first quarter. Millstone Evans Group LLC now owns 1,646 shares of the company’s stock valued at $25,000 after buying an additional 1,293 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Newmark Group in the third quarter worth $29,000. Larson Financial Group LLC raised its stake in shares of Newmark Group by 98.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,840 shares of the company’s stock valued at $34,000 after acquiring an additional 915 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Newmark Group by 42.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,676 shares of the company’s stock valued at $46,000 after acquiring an additional 797 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Newmark Group by 4,587.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,687 shares of the company’s stock valued at $82,000 after acquiring an additional 4,587 shares in the last quarter. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Analyst Upgrades and Downgrades

NMRK has been the subject of several recent research reports. Wall Street Zen downgraded Newmark Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Weiss Ratings upgraded Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Keefe, Bruyette & Woods raised their target price on Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a report on Friday, May 1st. Citizens Jmp boosted their price target on Newmark Group from $21.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Friday, May 1st. Finally, Zacks Research upgraded Newmark Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $19.62.

Newmark Group Stock Down 1.3%

NASDAQ:NMRK opened at $14.81 on Friday. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 18.28 and a beta of 1.68. Newmark Group, Inc. has a one year low of $13.36 and a one year high of $19.83. The stock has a 50-day simple moving average of $15.16 and a 200 day simple moving average of $15.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.48 and a current ratio of 0.48.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. Newmark Group had a return on equity of 27.30% and a net margin of 4.11%.The firm had revenue of $888.42 million for the quarter, compared to analysts’ expectations of $865.24 million. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Newmark Group’s revenue for the quarter was up 17.0% compared to the same quarter last year. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. Sell-side analysts predict that Newmark Group, Inc. will post 1.97 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 14th. Newmark Group’s dividend payout ratio is currently 29.63%.

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.