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

Charles Schwab Investment Management Inc. lessened its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,876,988 shares of the company’s stock after selling 103,147 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.04% of Newmark Group worth $32,547,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NMRK. Assenagon Asset Management S.A. raised its position in shares of Newmark Group by 319.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,604,326 shares of the company’s stock valued at $27,819,000 after buying an additional 1,222,069 shares during the period. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Newmark Group during the 2nd quarter valued at approximately $14,580,000. Ameriprise Financial Inc. raised its position in shares of Newmark Group by 88.9% during the 2nd 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 during the period. Wellington Management Group LLP raised its position in shares of Newmark Group by 194.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,575,475 shares of the company’s stock valued at $29,383,000 after buying an additional 1,039,798 shares during the period. Finally, Raymond James Financial Inc. raised its position 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 valued at $16,241,000 after buying an additional 612,363 shares during the period. Hedge funds and other institutional investors own 58.42% of the company’s stock.

Newmark Group Stock Down 2.8%

Newmark Group stock opened at $14.37 on Friday. Newmark Group, Inc. has a fifty-two week low of $10.20 and a fifty-two week high of $19.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.51 and a current ratio of 0.48. The firm has a 50 day moving average price of $15.29 and a 200 day moving average price of $16.30. The company has a market capitalization of $2.55 billion, a PE ratio of 17.74 and a beta of 1.76.

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

Newmark Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be issued a $0.06 dividend. This is a boost from Newmark Group’s previous quarterly dividend of $0.03. The ex-dividend date is Thursday, May 14th. This represents a $0.24 annualized dividend and a yield of 1.7%. Newmark Group’s payout ratio is 29.63%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a research report on Friday, May 1st. 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. 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. Barclays dropped their target price on shares of Newmark Group from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Finally, Citizens Jmp lifted their target price on shares of Newmark Group from $21.00 to $22.00 and gave the company a “market outperform” rating in a report on Friday, May 1st. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

About Newmark Group

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.