Charles Schwab Investment Management Inc. Has $3.25 Million Stake in The RMR Group Inc. (NASDAQ:RMR)

Charles Schwab Investment Management Inc. lessened its stake in The RMR Group Inc. (NASDAQ:RMR) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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. owned 0.40% of The RMR Group worth $3,254,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Unison Advisors LLC grew its position in shares of The RMR Group by 2.0% during the 3rd quarter. Unison Advisors LLC now owns 21,492 shares of the financial services provider’s stock worth $545,000 after buying an additional 412 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of The RMR Group by 18.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,177 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 500 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of The RMR Group by 7.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 8,954 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 639 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of The RMR Group by 2.8% during the third quarter. Janney Montgomery Scott LLC now owns 30,102 shares of the financial services provider’s stock worth $764,000 after purchasing an additional 817 shares during the period. Finally, Rhumbline Advisers increased its holdings in The RMR Group by 1.7% in the second quarter. Rhumbline Advisers now owns 54,324 shares of the financial services provider’s stock valued at $1,228,000 after purchasing an additional 925 shares during the last quarter. Institutional investors and hedge funds own 42.31% of the company’s stock.

The RMR Group Price Performance

Shares of RMR opened at $21.97 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10. The stock has a market cap of $699.74 million, a P/E ratio of 16.15 and a beta of 1.23. The stock’s 50-day moving average price is $23.50 and its two-hundred day moving average price is $24.00. The RMR Group Inc. has a 1 year low of $21.46 and a 1 year 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 firm had revenue of $212.30 million during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.48 EPS. On average, equities analysts predict that The RMR Group Inc. will post 1.62 earnings per share for the current year.

The RMR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, October 28th. This represents a $1.80 dividend on an annualized basis and a yield of 8.19%. 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.