Newmark Group, Inc. (NASDAQ:NMRK) Stock Holdings Trimmed by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,106,163 shares of the company’s stock after selling 46,069 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.23% of Newmark Group worth $26,980,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NMRK. Assetmark Inc. bought a new position in Newmark Group during the third quarter worth $93,000. Highland Capital Management LLC bought a new position in shares of Newmark Group in the 4th quarter worth about $135,000. OneDigital Investment Advisors LLC acquired a new position in shares of Newmark Group in the 3rd quarter valued at about $178,000. Coldstream Capital Management Inc. bought a new stake in shares of Newmark Group during the 3rd quarter valued at about $181,000. Finally, Meeder Asset Management Inc. acquired a new stake in Newmark Group during the third quarter worth about $204,000. Institutional investors own 58.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NMRK shares. The Goldman Sachs Group started coverage on Newmark Group in a research note on Friday, December 6th. They set a “buy” rating and a $19.00 price objective for the company. Wolfe Research cut Newmark Group from an “outperform” rating to a “peer perform” rating in a report on Monday, November 25th.

Newmark Group Trading Up 1.9 %

NASDAQ:NMRK opened at $12.63 on Tuesday. The stock has a fifty day simple moving average of $13.56 and a 200 day simple moving average of $14.29. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 36.09 and a beta of 1.96. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52. Newmark Group, Inc. has a 1-year low of $9.44 and a 1-year high of $16.10.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings results on Friday, February 14th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. The business had revenue of $888.30 million for the quarter, compared to the consensus estimate of $790.76 million. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. Newmark Group’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 earnings per share. Sell-side analysts forecast that Newmark Group, Inc. will post 1.45 earnings per share for the current year.

Newmark Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Monday, March 3rd. Newmark Group’s dividend payout ratio (DPR) is presently 34.29%.

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.