JPMorgan Chase & Co. Purchases 30,258 Shares of The RMR Group Inc. (NASDAQ:RMR)

JPMorgan Chase & Co. grew its position in The RMR Group Inc. (NASDAQ:RMR) by 36.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 112,982 shares of the financial services provider’s stock after buying an additional 30,258 shares during the period. JPMorgan Chase & Co. owned 0.35% of The RMR Group worth $2,867,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of RMR. International Assets Investment Management LLC increased its position in The RMR Group by 2,439.0% during 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 in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of The RMR Group by 18.7% during the third quarter. Meeder Asset Management Inc. now owns 3,177 shares of the financial services provider’s stock valued at $81,000 after acquiring an additional 500 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of The RMR Group in the 3rd quarter valued at approximately $150,000. Cubist Systematic Strategies LLC boosted its stake in 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 in the last quarter. Finally, Fiduciary Financial Group LLC purchased a new position in shares of The RMR Group in the third quarter worth $218,000. 42.31% of the stock is currently owned by institutional investors.

The RMR Group Trading Up 0.2 %

NASDAQ:RMR opened at $19.76 on Tuesday. 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 firm has a fifty day simple moving average of $21.14 and a 200-day simple moving average of $23.51. The RMR Group Inc. has a 12 month low of $19.08 and a 12 month high of $26.82. The company 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 issued its quarterly earnings results on Monday, November 11th. The financial services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $212.30 million for the quarter, compared to analyst estimates of $220.15 million. During the same period in the prior year, the firm posted $0.48 EPS. On average, equities research analysts anticipate that The RMR Group Inc. will post 1.62 earnings per share for the current year.

The RMR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 9.11%. The ex-dividend date is Monday, January 27th. The RMR Group’s dividend payout ratio is presently 132.35%.

The RMR Group 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.