Charles Schwab Investment Management Inc. Decreases Position in Newmark Group, Inc. $NMRK

Charles Schwab Investment Management Inc. lessened its holdings in Newmark Group, Inc. (NASDAQ:NMRK) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,876,988 shares of the company’s stock after selling 103,147 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Newmark Group were worth $32,547,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NMRK. Advisory Services Network LLC purchased a new position in Newmark Group in the 3rd quarter valued at approximately $29,000. Larson Financial Group LLC boosted its position in 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 buying an additional 915 shares during the period. Farther Finance Advisors LLC boosted its position in Newmark Group by 42.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,676 shares of the company’s stock valued at $46,000 after buying an additional 797 shares during the period. Bayforest Capital Ltd purchased a new position in Newmark Group in the 4th quarter valued at approximately $86,000. Finally, NBC Securities Inc. boosted its position in Newmark Group by 116.8% in the 4th quarter. NBC Securities Inc. now owns 5,165 shares of the company’s stock valued at $90,000 after buying an additional 2,783 shares during the period. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on NMRK shares. Wall Street Zen raised shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 28th. Weiss Ratings raised shares of Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Barclays decreased their price objective on shares of Newmark Group from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Keefe, Bruyette & Woods lifted their price objective on shares of Newmark Group from $18.00 to $18.50 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Finally, Citizens Jmp lifted their price objective on shares of Newmark Group from $21.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Newmark Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Newmark Group Price Performance

Newmark Group stock opened at $14.37 on Friday. The stock has a market cap of $2.55 billion, a P/E ratio of 17.74 and a beta of 1.76. The company has a fifty day simple moving average of $15.29 and a 200-day simple moving average of $16.30. Newmark Group, Inc. has a 12-month low of $10.20 and a 12-month high of $19.83. The company has a current ratio of 0.48, a quick ratio of 0.51 and a debt-to-equity ratio of 0.50.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings data on Friday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $846.52 million during the quarter. Newmark Group had a net margin of 4.30% and a return on equity of 26.23%. Equities analysts expect that Newmark Group, Inc. will post 1.91 EPS for the current fiscal year.

Newmark Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.06 per share. This is an increase from Newmark Group’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.7%. Newmark Group’s dividend payout ratio is presently 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.