Shell Asset Management Co. Buys New Stake in Realogy Holdings Corp. (RLGY)

Shell Asset Management Co. bought a new position in shares of Realogy Holdings Corp. (NYSE:RLGY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,697 shares of the financial services provider’s stock, valued at approximately $919,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RLGY. BlackRock Inc. lifted its position in shares of Realogy Holdings Corp. by 2,352.2% during the first quarter. BlackRock Inc. now owns 6,789,662 shares of the financial services provider’s stock worth $202,264,000 after purchasing an additional 6,512,779 shares in the last quarter. FMR LLC lifted its position in shares of Realogy Holdings Corp. by 10.1% during the second quarter. FMR LLC now owns 12,344,949 shares of the financial services provider’s stock worth $400,594,000 after purchasing an additional 1,131,699 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Realogy Holdings Corp. by 83.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,286,364 shares of the financial services provider’s stock worth $41,743,000 after purchasing an additional 586,928 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Realogy Holdings Corp. by 95.0% during the second quarter. American Century Companies Inc. now owns 1,098,732 shares of the financial services provider’s stock worth $35,654,000 after purchasing an additional 535,241 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its position in shares of Realogy Holdings Corp. by 357.7% during the second quarter. Lord Abbett & CO. LLC now owns 484,234 shares of the financial services provider’s stock worth $15,713,000 after purchasing an additional 378,434 shares in the last quarter.

Shares of Realogy Holdings Corp. (NYSE RLGY) opened at 32.33 on Wednesday. The company has a 50 day moving average of $33.32 and a 200-day moving average of $32.37. Realogy Holdings Corp. has a 52 week low of $21.43 and a 52 week high of $35.18. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 18.84 and a beta of 1.39.

Realogy Holdings Corp. (NYSE:RLGY) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. Realogy Holdings Corp. had a return on equity of 9.53% and a net margin of 4.06%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the prior year, the business earned $0.74 earnings per share. Realogy Holdings Corp.’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts expect that Realogy Holdings Corp. will post $1.72 earnings per share for the current fiscal year.

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 value of $107,760.12. Following the completion of the sale, the senior vice president now directly owns 8,705 shares of the company’s stock, valued at $303,282.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

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A number of research firms have recently commented on RLGY. Deutsche Bank AG set a $42.00 target price on shares of Realogy Holdings Corp. and gave the stock a “buy” rating in a research report on Tuesday, August 8th. BidaskClub raised shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $38.00 target price on shares of Realogy Holdings Corp. in a research report on Thursday, August 10th. Piper Jaffray Companies reissued a “buy” rating and set a $40.00 target price on shares of Realogy Holdings Corp. in a research report on Friday, August 4th. Finally, Barclays PLC boosted their target price on shares of Realogy Holdings Corp. from $23.00 to $24.00 and gave the stock an “underweight” rating in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Realogy Holdings Corp. currently has an average rating of “Hold” and an average price target of $34.75.

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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