JPMorgan Chase & Co. Grows Stock Position in The RMR Group Inc. (NASDAQ:RMR)

JPMorgan Chase & Co. lifted its stake in The RMR Group Inc. (NASDAQ:RMR) by 36.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,982 shares of the financial services provider’s stock after buying an additional 30,258 shares during the quarter. JPMorgan Chase & Co.’s holdings in The RMR Group were worth $2,867,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RMR. Hotchkis & Wiley Capital Management LLC increased its holdings in The RMR Group by 40.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 825,280 shares of the financial services provider’s stock valued at $20,946,000 after buying an additional 238,360 shares in the last quarter. Renaissance Technologies LLC raised its holdings in The RMR Group by 0.3% in the 2nd quarter. Renaissance Technologies LLC now owns 454,217 shares of the financial services provider’s stock worth $10,265,000 after purchasing an additional 1,303 shares during the period. Garner Asset Management Corp boosted its position in The RMR Group by 2.0% during the third quarter. Garner Asset Management Corp now owns 288,273 shares of the financial services provider’s stock worth $7,316,000 after purchasing an additional 5,745 shares in the last quarter. Martingale Asset Management L P increased its position in shares of The RMR Group by 4.3% in the third quarter. Martingale Asset Management L P now owns 68,249 shares of the financial services provider’s stock valued at $1,732,000 after buying an additional 2,842 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of The RMR Group by 55.6% during the 3rd quarter. Barclays PLC now owns 50,674 shares of the financial services provider’s stock worth $1,286,000 after buying an additional 18,100 shares during the period. 42.31% of the stock is owned by institutional investors and hedge funds.

The RMR Group Price Performance

The RMR Group stock opened at $19.76 on Tuesday. The RMR Group Inc. has a 1 year low of $19.08 and a 1 year high of $26.82. 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 company’s fifty day moving average price is $21.14 and its 200 day moving average price is $23.51. The stock has a market capitalization of $629.28 million, a P/E ratio of 14.53 and a beta of 1.24.

The RMR Group (NASDAQ:RMR) last posted its quarterly earnings data 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 firm had revenue of $212.30 million during the quarter, compared to analyst estimates of $220.15 million. The RMR Group had a net margin of 2.57% and a return on equity of 6.40%. During the same period in the prior year, the company posted $0.48 earnings per share. As a group, equities research analysts anticipate that The RMR Group Inc. will post 1.62 earnings per share for the current fiscal year.

The RMR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, January 27th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $1.80 dividend on an annualized basis and a yield of 9.11%. The RMR Group’s payout ratio is 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.