Newmark Group, Inc. $NMRK Stock Position Lowered by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 33.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 690,745 shares of the company’s stock after selling 351,752 shares during the period. New York State Common Retirement Fund owned approximately 0.39% of Newmark Group worth $12,882,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Adage Capital Partners GP L.L.C. acquired a new position in shares of Newmark Group in the 2nd quarter worth approximately $14,580,000. Ameriprise Financial Inc. increased its holdings in shares of Newmark Group by 88.9% in the second quarter. Ameriprise Financial Inc. now owns 2,520,314 shares of the company’s stock valued at $30,622,000 after buying an additional 1,186,191 shares in the last quarter. Boston Partners lifted its position in shares of 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 acquiring an additional 873,180 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Newmark Group by 84.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,336,702 shares of the company’s stock worth $16,241,000 after acquiring an additional 612,363 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Newmark Group during the 3rd quarter worth $7,129,000. 58.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NMRK has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Newmark Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Keefe, Bruyette & Woods boosted their price target on shares of Newmark Group from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Citigroup reissued a “market outperform” rating on shares of Newmark Group in a research note on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Newmark Group in a research report on Thursday, January 22nd. Finally, Barclays assumed coverage on Newmark Group in a research report on Tuesday, December 2nd. They set an “overweight” rating and a $21.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.43.

Newmark Group Price Performance

Shares of NMRK opened at $17.36 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market cap of $3.13 billion, a PE ratio of 30.46 and a beta of 1.93. The firm’s 50 day moving average price is $17.39 and its 200 day moving average price is $17.35. Newmark Group, Inc. has a twelve month low of $9.65 and a twelve month high of $19.83.

Newmark Group Company 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.