Russell Investments Group Ltd. lifted its position in shares of Re/Max Holdings Inc (NYSE:RMAX) by 6.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,809 shares of the financial services provider’s stock after buying an additional 2,700 shares during the period. Russell Investments Group Ltd. owned approximately 0.24% of Re/Max worth $2,193,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in RMAX. TD Asset Management Inc. increased its holdings in shares of Re/Max by 557.1% during the 2nd quarter. TD Asset Management Inc. now owns 147,342 shares of the financial services provider’s stock worth $7,728,000 after buying an additional 124,920 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Re/Max by 41.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 417,890 shares of the financial services provider’s stock worth $25,260,000 after buying an additional 121,510 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Re/Max by 445.9% during the 1st quarter. California Public Employees Retirement System now owns 44,276 shares of the financial services provider’s stock worth $2,676,000 after buying an additional 36,165 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Re/Max during the 2nd quarter worth $1,407,000. Finally, Bahl & Gaynor Inc. boosted its position in Re/Max by 35.7% during the 1st quarter. Bahl & Gaynor Inc. now owns 65,647 shares of the financial services provider’s stock worth $3,968,000 after purchasing an additional 17,267 shares during the period. Institutional investors and hedge funds own 99.21% of the company’s stock.

Shares of Re/Max stock opened at $43.60 on Monday. The company has a debt-to-equity ratio of 3.79, a current ratio of 5.71 and a quick ratio of 5.71. Re/Max Holdings Inc has a twelve month low of $43.15 and a twelve month high of $67.50. The firm has a market cap of $773.73 million, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 2.92 and a beta of 0.45.

Re/Max (NYSE:RMAX) last announced its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. Re/Max had a net margin of 6.32% and a return on equity of 74.33%. The firm had revenue of $54.30 million during the quarter, compared to analysts’ expectations of $53.28 million. During the same period in the prior year, the company earned $0.54 EPS. The firm’s revenue was up 11.4% on a year-over-year basis. sell-side analysts expect that Re/Max Holdings Inc will post 2.13 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 29th. Investors of record on Wednesday, August 15th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, August 14th. This represents a $0.80 dividend on an annualized basis and a yield of 1.83%. Re/Max’s dividend payout ratio (DPR) is 42.78%.

RMAX has been the subject of a number of research reports. Piper Jaffray Companies reaffirmed a “buy” rating and set a $65.00 price target on shares of Re/Max in a research report on Friday, August 3rd. Zacks Investment Research raised shares of Re/Max from a “hold” rating to a “strong-buy” rating and set a $64.00 price target for the company in a research report on Tuesday, July 24th. Finally, William Blair initiated coverage on shares of Re/Max in a research report on Friday, July 6th. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $62.17.

About Re/Max

RE/MAX Holdings, Inc operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company offers its real estate franchise services under the RE/MAX brand name; and mortgage brokerage services under the Motto Mortgage brand. The company was founded in 1973 and is headquartered in Denver, Colorado.

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Institutional Ownership by Quarter for Re/Max (NYSE:RMAX)

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