RE/MAX Holdings, Inc. (RMAX) Shares Bought by Northern Trust Corp
Northern Trust Corp boosted its stake in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 0.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 223,028 shares of the financial services provider’s stock after acquiring an additional 805 shares during the period. Northern Trust Corp owned 1.26% of RE/MAX Holdings worth $12,501,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. American Century Companies Inc. bought a new stake in shares of RE/MAX Holdings in the 2nd quarter worth about $4,529,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of RE/MAX Holdings by 2.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,549,517 shares of the financial services provider’s stock worth $86,851,000 after acquiring an additional 37,840 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of RE/MAX Holdings by 27,449.3% in the 1st quarter. BlackRock Inc. now owns 2,300,092 shares of the financial services provider’s stock worth $136,741,000 after acquiring an additional 2,291,743 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of RE/MAX Holdings by 0.6% in the 1st quarter. Prudential Financial Inc. now owns 32,530 shares of the financial services provider’s stock worth $1,934,000 after acquiring an additional 200 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of RE/MAX Holdings by 79.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,496 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 1,546 shares during the last quarter.
A number of equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of RE/MAX Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, October 20th. Piper Jaffray Companies reiterated a “buy” rating and set a $69.00 price objective on shares of RE/MAX Holdings in a report on Wednesday. Zacks Investment Research lowered shares of RE/MAX Holdings from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Finally, Stephens lowered shares of RE/MAX Holdings from an “overweight” rating to an “equal weight” rating and set a $66.00 price objective for the company. in a report on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. RE/MAX Holdings has a consensus rating of “Hold” and an average price target of $64.67.
RE/MAX Holdings, Inc. (NYSE:RMAX) opened at $52.65 on Friday. The stock has a market capitalization of $1.18 billion, a PE ratio of 36.45, a P/E/G ratio of 4.99 and a beta of 0.93. The company has a debt-to-equity ratio of 3.29, a quick ratio of 10.83 and a current ratio of 10.83.
RE/MAX Holdings (NYSE:RMAX) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.06. The business had revenue of $48.82 million during the quarter, compared to analyst estimates of $48.29 million. RE/MAX Holdings had a return on equity of 79.94% and a net margin of 12.45%. RE/MAX Holdings’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.46 EPS. analysts predict that RE/MAX Holdings, Inc. will post 1.91 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.37%. The ex-dividend date is Tuesday, November 14th. RE/MAX Holdings’s dividend payout ratio is currently 54.96%.
About RE/MAX Holdings
RE/MAX Holdings, Inc is a franchisor in the real estate industry, franchising real estate brokerages around the world under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. The Company is a franchised business, with all of the RE/MAX branded brokerage office locations being operated by franchisees, including RE/MAX, LLC, which owns the RE/MAX brand, and sells franchises and franchising rights; Independent Regional Franchise Owner, which owns rights to sell brokerage franchises in a specified region; Franchisee (or Broker-Owner), which operates a RE/MAX-branded brokerage office, lists properties and recruits agents, and Agent (or Sales Associate), including branded independent contractors operating out of local franchise brokerage offices.
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