Stephens Inc. AR increased its position in shares of Realogy Holdings Corp. (NYSE:RLGY) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,402 shares of the financial services provider’s stock after buying an additional 484 shares during the period. Stephens Inc. AR’s holdings in Realogy Holdings Corp. were worth $1,636,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its position in shares of Realogy Holdings Corp. by 81.3% in the 1st quarter. Bank of Montreal Can now owns 43,858 shares of the financial services provider’s stock worth $1,306,000 after purchasing an additional 19,664 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of Realogy Holdings Corp. in the 1st quarter worth about $134,000. Acadian Asset Management LLC bought a new stake in shares of Realogy Holdings Corp. in the 1st quarter worth about $356,000. Wells Fargo & Company MN increased its position in shares of Realogy Holdings Corp. by 53.6% in the 1st quarter. Wells Fargo & Company MN now owns 426,126 shares of the financial services provider’s stock worth $12,695,000 after purchasing an additional 148,646 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Realogy Holdings Corp. by 27.3% in the 1st quarter. First Trust Advisors LP now owns 438,213 shares of the financial services provider’s stock worth $13,054,000 after purchasing an additional 94,034 shares during the last quarter.
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In other Realogy Holdings Corp. news, SVP Timothy B. Gustavson sold 3,093 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $34.84, for a total transaction of $107,760.12. Following the sale, the senior vice president now owns 8,705 shares of the company’s stock, valued at approximately $303,282.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by corporate insiders.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub downgraded shares of Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. TheStreet downgraded shares of Realogy Holdings Corp. from a “b-” rating to a “c+” rating in a research report on Wednesday, June 7th. 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. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $40.00 target price on shares of Realogy Holdings Corp. in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.63.
Shares of Realogy Holdings Corp. (NYSE:RLGY) opened at 33.85 on Friday. The company has a market cap of $4.62 billion, a P/E ratio of 19.73 and a beta of 1.39. Realogy Holdings Corp. has a 12 month low of $21.43 and a 12 month high of $35.18. The company’s 50 day moving average is $34.03 and its 200-day moving average is $31.22.
Realogy Holdings Corp. (NYSE:RLGY) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Realogy Holdings Corp. had a net margin of 4.06% and a return on equity of 9.53%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $0.74 EPS. Analysts expect that Realogy Holdings Corp. will post $1.73 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Monday, August 14th. Realogy Holdings Corp.’s dividend payout ratio is currently 21.05%.
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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