Hsbc Holdings PLC purchased a new position in shares of Re/Max Holdings Inc (NYSE:RMAX) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 32,445 shares of the financial services provider’s stock, valued at approximately $998,000. Hsbc Holdings PLC owned about 0.18% of Re/Max at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RMAX. Legal & General Group Plc lifted its holdings in Re/Max by 8.9% during the 3rd quarter. Legal & General Group Plc now owns 38,181 shares of the financial services provider’s stock worth $1,687,000 after buying an additional 3,131 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Re/Max by 7.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,978,312 shares of the financial services provider’s stock worth $87,738,000 after buying an additional 145,307 shares in the last quarter. BlackRock Inc. lifted its holdings in Re/Max by 5.2% during the 3rd quarter. BlackRock Inc. now owns 2,559,945 shares of the financial services provider’s stock worth $113,532,000 after buying an additional 127,191 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Re/Max by 213.9% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 123,992 shares of the financial services provider’s stock worth $5,499,000 after buying an additional 84,492 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Re/Max during the 3rd quarter worth $252,000. Institutional investors and hedge funds own 99.57% of the company’s stock.
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Re/Max from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. TheStreet raised Re/Max from a “c” rating to a “b-” rating in a research note on Monday, March 11th. Morgan Stanley set a $39.00 price target on Re/Max and gave the company a “buy” rating in a research note on Monday, March 18th. Compass Point assumed coverage on Re/Max in a research note on Thursday, January 24th. They issued a “neutral” rating and a $40.00 price target on the stock. Finally, Bank of America downgraded Re/Max to a “sell” rating and set a $56.00 price target on the stock. in a research note on Thursday, December 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $50.71.
Re/Max (NYSE:RMAX) last issued its quarterly earnings data on Thursday, February 21st. The financial services provider reported $0.41 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The business had revenue of $50.84 million for the quarter, compared to the consensus estimate of $50.56 million. Re/Max had a return on equity of 84.43% and a net margin of 12.72%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. Research analysts anticipate that Re/Max Holdings Inc will post 2.04 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Tuesday, March 5th. This is an increase from Re/Max’s previous quarterly dividend of $0.20. Re/Max’s dividend payout ratio (DPR) is presently 41.58%.
ILLEGAL ACTIVITY WARNING: “Hsbc Holdings PLC Acquires Shares of 32,445 Re/Max Holdings Inc (RMAX)” was first reported by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://www.baseballdailydigest.com/news/2019/04/15/hsbc-holdings-plc-takes-position-in-re-max-holdings-inc-rmax.html.
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. It also provides real estate technology solutions.
Receive News & Ratings for Re/Max Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Re/Max and related companies with MarketBeat.com's FREE daily email newsletter.