Russell Investments Group Ltd. Raises Stake in Realogy Holdings Corp. (NYSE:RLGY)

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 13F filing with the Securities and Exchange Commission. 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 institutional investors have also bought and sold shares of the company. Teachers Advisors LLC increased its position in Realogy Holdings Corp. by 25.1% in the fourth quarter. Teachers Advisors LLC now owns 189,215 shares of the financial services provider’s stock valued at $4,869,000 after buying an additional 38,003 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Realogy Holdings Corp. by 81.3% in the first quarter. Bank of Montreal Can now owns 43,858 shares of the financial services provider’s stock valued at $1,306,000 after buying an additional 19,664 shares in the last quarter. Alpha Windward LLC acquired a new stake in shares of Realogy Holdings Corp. during the first quarter valued at about $524,000. Skylands Capital LLC increased its stake in shares of Realogy Holdings Corp. by 35.8% in the first quarter. Skylands Capital LLC now owns 278,000 shares of the financial services provider’s stock valued at $8,282,000 after buying an additional 73,300 shares in the last quarter. Finally, Reliance Trust Co. of Delaware increased its stake in shares of Realogy Holdings Corp. by 111.2% in the first quarter. Reliance Trust Co. of Delaware now owns 19,237 shares of the financial services provider’s stock valued at $573,000 after buying an additional 10,128 shares in the last quarter.

Realogy Holdings Corp. (RLGY) traded down 0.50% during mid-day trading on Friday, reaching $33.85. 775,648 shares of the company’s stock were exchanged. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 19.73 and a beta of 1.40. Realogy Holdings Corp. has a 12 month low of $21.43 and a 12 month high of $35.18. The stock has a 50-day moving average of $33.59 and a 200-day moving average of $30.28.

Realogy Holdings Corp. (NYSE:RLGY) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.03. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.73 billion. Realogy Holdings Corp. had a net margin of 4.06% and a return on equity of 9.53%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 earnings per share. Analysts anticipate that Realogy Holdings Corp. will post $1.73 earnings per share for the current year.

The firm also recently declared 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 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Monday, August 14th. Realogy Holdings Corp.’s payout ratio is currently 21.05%.

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Several equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Realogy Holdings Corp. from a “hold” rating to a “strong-buy” rating and set a $38.00 target price for the company in a research note on Friday, July 14th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $38.00 target price on shares of Realogy Holdings Corp. in a research note on Thursday, August 10th. Barclays PLC reiterated an “underweight” rating on shares of Realogy Holdings Corp. in a research note on Thursday, July 13th. BidaskClub upgraded shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Finally, Deutsche Bank AG upgraded shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating and raised their price target for the stock from $32.00 to $38.00 in a research note on Friday, May 5th. One 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 company. The company currently has an average rating of “Buy” and an average target price of $35.56.

In other news, SVP Timothy B. Gustavson sold 3,093 shares of the stock in a transaction on Tuesday, August 8th. The shares were 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 directly owns 8,705 shares in the company, valued at $303,282.20. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.80% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for Realogy Holdings Corp. (NYSE:RLGY)

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