Charles Schwab Investment Management Inc. Has $26.98 Million Holdings in Newmark Group, Inc. (NASDAQ:NMRK)

Charles Schwab Investment Management Inc. reduced its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 2.1% in the 4th quarter, Holdings Channel.com reports. 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.’s holdings in Newmark Group were worth $26,980,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of NMRK. Geode Capital Management LLC increased its holdings in shares of Newmark Group by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,554,867 shares of the company’s stock worth $55,216,000 after purchasing an additional 190,974 shares during the period. Algert Global LLC boosted its position in Newmark Group by 64.3% in the third quarter. Algert Global LLC now owns 238,138 shares of the company’s stock valued at $3,698,000 after buying an additional 93,160 shares in the last quarter. JPMorgan Chase & Co. grew its position in Newmark Group by 13.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,223,807 shares of the company’s stock worth $19,006,000 after acquiring an additional 143,251 shares during the last quarter. Barclays PLC increased its stake in shares of Newmark Group by 352.8% in the third quarter. Barclays PLC now owns 227,099 shares of the company’s stock valued at $3,526,000 after buying an additional 176,947 shares in the last quarter. Finally, Captrust Financial Advisors bought a new position in shares of Newmark Group in the third quarter worth about $835,000. 58.42% of the stock is currently owned by institutional investors.

Newmark Group Trading Up 1.9 %

NASDAQ:NMRK opened at $12.63 on Tuesday. The company has a market cap of $2.28 billion, a P/E ratio of 36.09 and a beta of 1.96. Newmark Group, Inc. has a twelve month low of $9.44 and a twelve month high of $16.10. The business has a 50 day moving average price of $13.56 and a two-hundred day moving average price of $14.29. 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 (NASDAQ:NMRK) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.07. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The firm had revenue of $888.30 million for the quarter, compared to analyst estimates of $790.76 million. During the same quarter in the previous year, the firm earned $0.46 EPS. The business’s quarterly revenue was up 18.9% on a year-over-year basis. As a group, analysts expect that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on Newmark Group in a research note on Friday, December 6th. They set a “buy” rating and a $19.00 price target on the stock. Wolfe Research lowered Newmark Group from an “outperform” rating to a “peer perform” rating in a report on Monday, November 25th.

Newmark Group 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.