Hsbc Holdings PLC Acquires Shares of 32,445 Re/Max Holdings Inc (RMAX)

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.

Shares of RMAX stock traded down $0.63 during trading hours on Monday, reaching $40.75. The company had a trading volume of 55,569 shares, compared to its average volume of 112,088. The company has a market cap of $732.01 million, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 2.88 and a beta of 0.88. Re/Max Holdings Inc has a 1-year low of $27.84 and a 1-year high of $58.65. The company has a quick ratio of 5.40, a current ratio of 5.40 and a debt-to-equity ratio of 2.87.

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%.

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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. It also provides real estate technology solutions.

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

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