Wells Fargo & Company MN Has $14.03 Million Stake in RE/MAX Holdings, Inc. (RMAX)

Wells Fargo & Company MN grew its position in RE/MAX Holdings, Inc. (NYSE:RMAX) by 2.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 220,781 shares of the financial services provider’s stock after purchasing an additional 5,425 shares during the period. Wells Fargo & Company MN owned about 1.25% of RE/MAX worth $14,031,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. TD Asset Management Inc. increased its holdings in RE/MAX by 7.1% during the third quarter. TD Asset Management Inc. now owns 15,100 shares of the financial services provider’s stock worth $960,000 after buying an additional 1,000 shares during the last quarter. Granite Investment Partners LLC increased its holdings in RE/MAX by 6.3% during the third quarter. Granite Investment Partners LLC now owns 177,265 shares of the financial services provider’s stock worth $11,265,000 after buying an additional 10,470 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in RE/MAX by 2.1% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,582,633 shares of the financial services provider’s stock worth $100,576,000 after buying an additional 33,116 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in RE/MAX by 38.8% during the third quarter. Russell Investments Group Ltd. now owns 8,588 shares of the financial services provider’s stock worth $546,000 after buying an additional 2,400 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in RE/MAX by 0.3% during the third quarter. Bank of New York Mellon Corp now owns 458,572 shares of the financial services provider’s stock worth $29,142,000 after buying an additional 1,551 shares during the last quarter.

RE/MAX Holdings, Inc. (RMAX) opened at $48.60 on Friday. The company has a current ratio of 10.83, a quick ratio of 10.83 and a debt-to-equity ratio of 3.29. The firm has a market cap of $843.21, a PE ratio of 37.10, a price-to-earnings-growth ratio of 3.56 and a beta of 0.80. RE/MAX Holdings, Inc. has a 1 year low of $45.55 and a 1 year high of $67.50.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.72 dividend on an annualized basis and a yield of 1.48%. RE/MAX’s dividend payout ratio is presently 54.96%.

A number of analysts recently issued reports on the stock. BidaskClub upgraded shares of RE/MAX from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Compass Point upgraded shares of RE/MAX from a “sell” rating to a “neutral” rating in a report on Friday. Piper Jaffray Companies assumed coverage on shares of RE/MAX in a report on Thursday, September 28th. They set an “overweight” rating and a $69.00 price objective for the company. Zacks Investment Research downgraded shares of RE/MAX from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Finally, J P Morgan Chase & Co downgraded shares of RE/MAX from a “neutral” rating to an “underweight” rating and set a $51.00 price objective for the company. in a report on Friday, December 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $61.43.

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RE/MAX 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 (NYSE:RMAX)

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