Great West Life Assurance Co. Can decreased its position in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 4.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,959 shares of the financial services provider’s stock after selling 1,272 shares during the period. Great West Life Assurance Co. Can owned 0.14% of RE/MAX worth $1,605,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in RMAX. American Century Companies Inc. bought a new stake in RE/MAX during the second quarter worth approximately $4,529,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in RE/MAX by 2.5% during the second 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 purchasing an additional 37,840 shares in the last quarter. Renaissance Technologies LLC raised its holdings in RE/MAX by 5.6% during the second quarter. Renaissance Technologies LLC now owns 681,900 shares of the financial services provider’s stock worth $38,220,000 after purchasing an additional 36,400 shares in the last quarter. Vanguard Group Inc. raised its holdings in RE/MAX by 2.7% during the second quarter. Vanguard Group Inc. now owns 879,079 shares of the financial services provider’s stock worth $49,272,000 after purchasing an additional 23,117 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in RE/MAX by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 628,144 shares of the financial services provider’s stock worth $35,209,000 after purchasing an additional 21,442 shares in the last quarter.
RMAX has been the topic of several recent analyst reports. Zacks Investment Research raised RE/MAX from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. BidaskClub raised RE/MAX from a “buy” rating to a “strong-buy” rating in a report on Friday, October 20th. Craig Hallum initiated coverage on RE/MAX in a report on Wednesday, August 30th. They set a “buy” rating and a $75.00 target price on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $69.00 target price on shares of RE/MAX in a report on Wednesday, November 1st. Finally, J P Morgan Chase & Co cut RE/MAX from a “neutral” rating to an “underweight” rating and set a $51.00 price target on the stock. in a report on Friday, December 15th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. RE/MAX has an average rating of “Hold” and a consensus target price of $61.43.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.72 annualized dividend and a dividend yield of 1.55%. RE/MAX’s dividend payout ratio is currently 54.96%.
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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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