Bank of New York Mellon Corp grew its stake in RE/MAX Holdings, Inc. (NYSE:RMAX) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 457,021 shares of the financial services provider’s stock after acquiring an additional 10,048 shares during the period. Bank of New York Mellon Corp owned 2.58% of RE/MAX Holdings worth $25,614,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of RMAX. BlackRock Inc. grew its stake in 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 in the last quarter. Teachers Advisors LLC grew its stake in RE/MAX Holdings by 428.7% in the 1st quarter. Teachers Advisors LLC now owns 155,769 shares of the financial services provider’s stock worth $9,260,000 after acquiring an additional 126,307 shares in the last quarter. Vanguard Group Inc. grew its stake in RE/MAX Holdings by 9.7% in the 1st quarter. Vanguard Group Inc. now owns 855,962 shares of the financial services provider’s stock worth $50,887,000 after acquiring an additional 75,595 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in RE/MAX Holdings by 10.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 606,702 shares of the financial services provider’s stock worth $36,067,000 after acquiring an additional 58,603 shares in the last quarter. Finally, Copper Rock Capital Partners LLC grew its stake in RE/MAX Holdings by 16.5% in the 2nd quarter. Copper Rock Capital Partners LLC now owns 394,797 shares of the financial services provider’s stock worth $22,109,000 after acquiring an additional 55,920 shares in the last quarter.

A number of brokerages have commented on RMAX. Stephens downgraded shares of RE/MAX Holdings from an “overweight” rating to an “equal weight” rating and set a $66.00 target price on the stock. in a research note on Monday, August 7th. Zacks Investment Research downgraded shares of RE/MAX Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub upgraded shares of RE/MAX Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. Craig Hallum began coverage on shares of RE/MAX Holdings in a research note on Wednesday, August 30th. They issued a “buy” rating and a $75.00 target price on the stock. Finally, Bank of America Corporation downgraded shares of RE/MAX Holdings from a “neutral” rating to an “underperform” rating and set a $56.00 target price on the stock. in a research note on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. RE/MAX Holdings presently has a consensus rating of “Hold” and an average price target of $63.80.

RE/MAX Holdings, Inc. (RMAX) opened at 61.00 on Thursday. The stock’s 50 day moving average is $60.26 and its 200-day moving average is $57.49. The company has a market capitalization of $1.08 billion, a P/E ratio of 46.28 and a beta of 0.92. RE/MAX Holdings, Inc. has a 1-year low of $40.99 and a 1-year high of $66.10.

RE/MAX Holdings (NYSE:RMAX) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. RE/MAX Holdings had a net margin of 12.45% and a return on equity of 79.94%. The firm had revenue of $48.82 million for the quarter, compared to the consensus estimate of $48.29 million. During the same period in the prior year, the firm earned $0.46 EPS. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts expect that RE/MAX Holdings, Inc. will post $1.90 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Monday, August 14th. RE/MAX Holdings’s payout ratio is currently 54.96%.

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In related news, President Geoffrey D. Lewis sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $60.00, for a total transaction of $72,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.58% of the stock is owned by corporate insiders.

RE/MAX Holdings Profile

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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Institutional Ownership by Quarter for RE/MAX Holdings (NYSE:RMAX)

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