Charles Schwab Investment Management Inc. Sells 46,069 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Charles Schwab Investment Management Inc. lowered its stake in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,106,163 shares of the company's stock after selling 46,069 shares during the period. Charles Schwab Investment Management Inc. owned 1.23% of Newmark Group worth $26,980,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. bought a new position in Newmark Group in the 3rd quarter valued at $93,000. Victory Capital Management Inc. lifted its stake in shares of Newmark Group by 7.1% during the third quarter. Victory Capital Management Inc. now owns 106,138 shares of the company's stock valued at $1,648,000 after acquiring an additional 7,005 shares during the period. OneDigital Investment Advisors LLC bought a new position in Newmark Group in the third quarter valued at about $178,000. Meeder Asset Management Inc. acquired a new stake in Newmark Group in the third quarter worth about $204,000. Finally, Segall Bryant & Hamill LLC raised its holdings in Newmark Group by 1.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 321,104 shares of the company's stock worth $4,987,000 after purchasing an additional 5,501 shares during the last quarter. Institutional investors own 58.42% of the company's stock.

Newmark Group Trading Down 1.4 %

Shares of NASDAQ:NMRK traded down $0.18 during mid-day trading on Friday, reaching $12.41. The stock had a trading volume of 779,008 shares, compared to its average volume of 1,073,292. The firm has a 50 day simple moving average of $13.56 and a two-hundred day simple moving average of $14.25. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52. The firm has a market cap of $2.24 billion, a PE ratio of 35.44 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.

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Newmark Group (NASDAQ:NMRK - Get Free Report) last posted its earnings results on Friday, February 14th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.07. The firm had revenue of $888.30 million during the quarter, compared to analysts' expectations of $790.76 million. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The company's revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 earnings per share. On average, research analysts predict that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.03 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.12 dividend on an annualized basis and a yield of 0.97%. Newmark Group's payout ratio is 34.29%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wolfe Research lowered shares of Newmark Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, November 25th. The Goldman Sachs Group lowered their target price on shares of Newmark Group from $19.50 to $17.00 and set a "buy" rating for the company in a report on Wednesday.

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.