Russell Investments Group Ltd. raised its stake in Realogy Holdings Corp. (NYSE:RLGY) by 0.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,277,979 shares of the financial services provider’s stock after buying an additional 8,301 shares during the period. Russell Investments Group Ltd. owned approximately 0.93% of Realogy Holdings Corp. worth $41,469,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Realogy Holdings Corp. by 310.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,100 shares of the financial services provider’s stock worth $122,000 after buying an additional 3,100 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Realogy Holdings Corp. by 2.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,136 shares of the financial services provider’s stock worth $123,000 after buying an additional 86 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Realogy Holdings Corp. during the first quarter worth approximately $134,000. Westpac Banking Corp purchased a new stake in shares of Realogy Holdings Corp. during the first quarter worth approximately $220,000. Finally, Schwerin Boyle Capital Management Inc. bought a new stake in Realogy Holdings Corp. during the first quarter worth about $225,000.
Realogy Holdings Corp. (NYSE RLGY) traded down 1.02% during midday trading on Friday, reaching $33.88. 1,117,783 shares of the company traded hands. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 19.74 and a beta of 1.40. The stock’s 50 day moving average is $33.17 and its 200 day moving average is $29.92. Realogy Holdings Corp. has a one year low of $21.43 and a one year high of $35.18.
Realogy Holdings Corp. (NYSE:RLGY) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Realogy Holdings Corp. had a net margin of 4.06% and a return on equity of 9.53%. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the business earned $0.74 earnings per share. The business’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities analysts anticipate that Realogy Holdings Corp. will post $1.71 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, August 14th. Realogy Holdings Corp.’s dividend payout ratio (DPR) is presently 21.05%.
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RLGY has been the subject of a number of research reports. TheStreet upgraded shares of Realogy Holdings Corp. from a “c+” rating to a “b” rating in a research note on Wednesday. BidaskClub cut shares of Realogy Holdings Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Deutsche Bank AG upgraded shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating and raised their target price for the stock from $32.00 to $38.00 in a research note on Friday, May 5th. Zacks Investment Research raised shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Wednesday, July 5th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $40.00 price target on shares of Realogy Holdings Corp. in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $35.56.
In other news, SVP Timothy B. Gustavson sold 3,093 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $34.84, for a total transaction of $107,760.12. Following the completion of the sale, the senior vice president now owns 8,705 shares of the company’s stock, valued at $303,282.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.
Realogy Holdings Corp. Company Profile
Realogy Holdings Corp. is an integrated provider of residential real estate services in the United States. The Company is the franchisor of residential real estate brokerages with some of the recognized brands in the real estate industry, the owner of United States residential real estate brokerage offices, the global provider of outsourced employee relocation services and a provider of title and settlement services.
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