Charles Schwab Investment Management Inc. Has $23.87 Million Stake in Newmark Group, Inc. $NMRK

Key Points

• Charles Schwab Investment Management Inc. has reduced its position in Newmark Group, Inc. by 6.9%, now holding approximately 1.96 million shares worth about $23.9 million.
• Newmark Group reported earnings of $0.31 per share for the last quarter, exceeding expectations and reflecting a 19.9% year-over-year revenue increase to $759.1 million.
• The company declared a $0.03 quarterly dividend, which represents a dividend yield of 0.7% and is scheduled for payment on August 29th.

Charles Schwab Investment Management Inc. trimmed its holdings in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 6.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,961,637 shares of the company's stock after selling 144,526 shares during the period. Charles Schwab Investment Management Inc. owned about 1.09% of Newmark Group worth $23,873,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Financial Management Professionals Inc. bought a new stake in shares of Newmark Group in the first quarter valued at about $26,000. Sterling Capital Management LLC lifted its holdings in shares of Newmark Group by 813.9% in the fourth quarter. Sterling Capital Management LLC now owns 4,149 shares of the company's stock valued at $53,000 after purchasing an additional 3,695 shares in the last quarter. KBC Group NV bought a new stake in shares of Newmark Group in the first quarter valued at about $78,000. CWM LLC lifted its holdings in shares of Newmark Group by 63.8% in the first quarter. CWM LLC now owns 7,693 shares of the company's stock valued at $94,000 after purchasing an additional 2,996 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Newmark Group by 48.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,378 shares of the company's stock valued at $120,000 after purchasing an additional 3,070 shares in the last quarter. 58.42% of the stock is currently owned by institutional investors.

Newmark Group Stock Performance

NASDAQ:NMRK traded down $0.07 on Tuesday, hitting $18.32. The company's stock had a trading volume of 1,869,637 shares, compared to its average volume of 1,705,888. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average of $14.14 and a two-hundred day moving average of $12.71. The firm has a market capitalization of $3.24 billion, a P/E ratio of 43.62 and a beta of 2.04. Newmark Group, Inc. has a one year low of $9.65 and a one year high of $18.59.

Newmark Group (NASDAQ:NMRK - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.05. The firm had revenue of $759.10 million for the quarter, compared to analyst estimates of $695.24 million. Newmark Group had a return on equity of 22.73% and a net margin of 2.51%.The business's revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 earnings per share. Newmark Group has set its FY 2025 guidance at 1.470-1.570 EPS. Research analysts predict that Newmark Group, Inc. will post 1.45 earnings per share for the current year.

Newmark Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, August 14th will be paid a $0.03 dividend. The ex-dividend date is Thursday, August 14th. This represents a $0.12 annualized dividend and a yield of 0.7%. Newmark Group's dividend payout ratio is currently 28.57%.

Analysts Set New Price Targets

NMRK has been the topic of a number of research reports. Wall Street Zen upgraded Newmark Group from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods upped their target price on Newmark Group from $14.00 to $15.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Wolfe Research upgraded Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 target price on the stock in a report on Friday, May 23rd. Citizens Jmp started coverage on Newmark Group in a report on Monday, July 21st. They set a "strong-buy" rating and a $17.00 target price on the stock. Finally, Piper Sandler upped their target price on Newmark Group from $16.00 to $19.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, Newmark Group presently has an average rating of "Buy" and an average target price of $16.83.

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.