Charles Schwab Investment Management Inc. Has $33.42 Million Holdings in Newmark Group, Inc. (NASDAQ:NMRK)

Charles Schwab Investment Management Inc. lifted its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 4.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,152,232 shares of the company’s stock after purchasing an additional 85,728 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Newmark Group were worth $33,424,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Newmark Group by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 6,686,191 shares of the company’s stock worth $68,399,000 after purchasing an additional 480,047 shares during the period. Principal Financial Group Inc. raised its position in shares of Newmark Group by 1,017.4% during the third quarter. Principal Financial Group Inc. now owns 2,137,630 shares of the company’s stock worth $33,197,000 after purchasing an additional 1,946,322 shares during the period. Leeward Investments LLC MA raised its position in shares of Newmark Group by 5.6% during the second quarter. Leeward Investments LLC MA now owns 1,907,574 shares of the company’s stock worth $19,514,000 after purchasing an additional 101,426 shares during the period. Systematic Financial Management LP raised its position in shares of Newmark Group by 11.9% during the second quarter. Systematic Financial Management LP now owns 928,935 shares of the company’s stock worth $9,503,000 after purchasing an additional 98,532 shares during the period. Finally, Foundry Partners LLC raised its position in shares of Newmark Group by 5.3% during the second quarter. Foundry Partners LLC now owns 840,576 shares of the company’s stock worth $8,599,000 after purchasing an additional 42,314 shares during the period. 58.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NMRK shares. Wolfe Research lowered Newmark Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 25th. Piper Sandler upped their price target on Newmark Group from $13.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Finally, Keefe, Bruyette & Woods upgraded Newmark Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $13.50 to $16.50 in a report on Thursday, September 5th.

Newmark Group Trading Down 0.1 %

Shares of Newmark Group stock opened at $15.30 on Wednesday. The stock has a fifty day simple moving average of $15.15 and a 200 day simple moving average of $13.06. Newmark Group, Inc. has a 12-month low of $8.28 and a 12-month high of $16.10. The company has a market capitalization of $2.62 billion, a P/E ratio of 51.00 and a beta of 1.96. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. Newmark Group had a return on equity of 18.95% and a net margin of 2.00%. The business had revenue of $685.90 million during the quarter, compared to the consensus estimate of $682.07 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. Newmark Group’s revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Newmark Group, Inc. will post 1.15 earnings per share for the current fiscal year.

Newmark Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.12 dividend on an annualized basis and a yield of 0.78%. Newmark Group’s dividend payout ratio (DPR) is presently 40.00%.

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.