Charles Schwab Investment Management Inc. Sells 2,701 Shares of The RMR Group Inc. (NASDAQ:RMR)

Charles Schwab Investment Management Inc. reduced its holdings in The RMR Group Inc. (NASDAQ:RMR) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 128,204 shares of the financial services provider’s stock after selling 2,701 shares during the period. Charles Schwab Investment Management Inc.’s holdings in The RMR Group were worth $3,254,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in shares of The RMR Group by 2,439.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,041 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,000 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of The RMR Group by 327.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,677 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 2,051 shares during the period. SG Americas Securities LLC acquired a new position in shares of The RMR Group during the 3rd quarter worth about $150,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of The RMR Group by 56.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,595 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 2,378 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in The RMR Group by 42.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,029 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 2,405 shares during the last quarter. 42.31% of the stock is owned by institutional investors.

The RMR Group Trading Up 0.3 %

The RMR Group stock opened at $21.97 on Friday. The stock has a 50-day simple moving average of $23.50 and a 200 day simple moving average of $24.00. The stock has a market capitalization of $699.74 million, a P/E ratio of 16.15 and a beta of 1.23. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 0.85. The RMR Group Inc. has a 52 week low of $21.46 and a 52 week high of $28.82.

The RMR Group (NASDAQ:RMR) last issued its earnings results on Monday, November 11th. The financial services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). The RMR Group had a return on equity of 6.40% and a net margin of 2.57%. The business had revenue of $212.30 million for the quarter, compared to the consensus estimate of $220.15 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. Analysts expect that The RMR Group Inc. will post 1.62 earnings per share for the current year.

The RMR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 8.19%. The ex-dividend date of this dividend was Monday, October 28th. The RMR Group’s payout ratio is presently 132.35%.

The RMR Group Company Profile

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.