The RMR Group Inc. (NASDAQ:RMR) Holdings Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in shares of The RMR Group Inc. (NASDAQ:RMR - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 130,962 shares of the financial services provider's stock after purchasing an additional 17,980 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.41% of The RMR Group worth $2,703,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Segall Bryant & Hamill LLC acquired a new position in The RMR Group in the 4th quarter valued at about $603,000. KLP Kapitalforvaltning AS purchased a new stake in shares of The RMR Group during the fourth quarter worth approximately $297,000. American Century Companies Inc. raised its stake in shares of The RMR Group by 4.7% during the fourth quarter. American Century Companies Inc. now owns 31,993 shares of the financial services provider's stock worth $660,000 after purchasing an additional 1,440 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of The RMR Group during the fourth quarter worth approximately $63,000. Finally, Globeflex Capital L P raised its stake in shares of The RMR Group by 12.8% during the fourth quarter. Globeflex Capital L P now owns 53,150 shares of the financial services provider's stock worth $1,097,000 after purchasing an additional 6,015 shares during the last quarter. Hedge funds and other institutional investors own 42.31% of the company's stock.

The RMR Group Stock Up 0.4 %

NASDAQ RMR traded up $0.06 during trading hours on Monday, reaching $14.86. 109,086 shares of the company traded hands, compared to its average volume of 112,738. The RMR Group Inc. has a 12 month low of $14.34 and a 12 month high of $26.43. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $473.23 million, a PE ratio of 11.17 and a beta of 1.08. The company has a 50 day moving average of $16.59 and a two-hundred day moving average of $19.68.

The RMR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 12.11%. The ex-dividend date of this dividend is Tuesday, April 22nd. The RMR Group's payout ratio is 135.34%.

Analysts Set New Price Targets

Several research firms have weighed in on RMR. B. Riley began coverage on The RMR Group in a report on Tuesday, April 22nd. They issued a "buy" rating and a $24.00 target price on the stock. StockNews.com raised The RMR Group from a "hold" rating to a "buy" rating in a report on Tuesday, March 25th.

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.