Bahl & Gaynor Inc. lessened its holdings in shares of RE/MAX Holdings, Inc. (NYSE:RMAX) by 10.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,945 shares of the financial services provider’s stock after selling 4,145 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.19% of RE/MAX Holdings worth $1,901,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ameriprise Financial Inc. boosted its stake in RE/MAX Holdings by 0.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 93,547 shares of the financial services provider’s stock worth $5,244,000 after purchasing an additional 341 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in RE/MAX Holdings by 0.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 48,336 shares of the financial services provider’s stock worth $2,709,000 after purchasing an additional 315 shares during the last quarter. Teachers Advisors LLC boosted its stake in RE/MAX Holdings by 1.3% during the 2nd quarter. Teachers Advisors LLC now owns 157,860 shares of the financial services provider’s stock worth $8,848,000 after purchasing an additional 2,091 shares during the last quarter. Wells Fargo & Company MN boosted its stake in RE/MAX Holdings by 0.6% during the 2nd quarter. Wells Fargo & Company MN now owns 215,356 shares of the financial services provider’s stock worth $12,070,000 after purchasing an additional 1,383 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in RE/MAX Holdings by 2.5% during 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 purchasing an additional 37,840 shares during the last quarter.

RE/MAX Holdings, Inc. (NYSE RMAX) traded up 0.16% on Friday, reaching $61.15. 124,692 shares of the company’s stock were exchanged. RE/MAX Holdings, Inc. has a 1-year low of $41.48 and a 1-year high of $66.10. The company has a 50 day moving average price of $60.51 and a 200-day moving average price of $57.56. The company has a market capitalization of $1.08 billion, a PE ratio of 46.40 and a beta of 0.92.

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

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

In other RE/MAX Holdings news, President Geoffrey D. Lewis sold 1,200 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $60.00, for a total value of $72,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.58% of the stock is currently owned by company insiders.

RMAX has been the topic of several recent research reports. BidaskClub raised shares of RE/MAX Holdings from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Craig Hallum assumed coverage on shares of RE/MAX Holdings in a research report on Wednesday, August 30th. They set a “buy” rating and a $75.00 price target on the stock. Zacks Investment Research cut shares of RE/MAX Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Bank of America Corporation cut shares of RE/MAX Holdings from a “neutral” rating to an “underperform” rating and set a $56.00 price target on the stock. in a research report on Friday, June 30th. Finally, Stephens cut shares of RE/MAX Holdings from an “overweight” rating to an “equal weight” rating and set a $66.00 price target on the stock. in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $63.80.

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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.

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

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