Bank of New York Mellon Corp boosted its holdings in Realogy Holdings Corp. (NYSE:RLGY) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 646,997 shares of the financial services provider’s stock after purchasing an additional 5,600 shares during the quarter. Bank of New York Mellon Corp owned about 0.47% of Realogy Holdings Corp. worth $20,994,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in RLGY. Bank of Montreal Can raised its position in 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 valued at $1,306,000 after purchasing an additional 19,664 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in Realogy Holdings Corp. in the 1st quarter valued at $134,000. Acadian Asset Management LLC purchased a new stake in Realogy Holdings Corp. in the 1st quarter valued at $356,000. Wells Fargo & Company MN raised its position in 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 valued at $12,695,000 after purchasing an additional 148,646 shares during the last quarter. Finally, First Trust Advisors LP raised its position in 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 valued at $13,054,000 after purchasing an additional 94,034 shares during the last quarter.
Several research firms recently commented on RLGY. Deutsche Bank AG set a $42.00 price target on shares of Realogy Holdings Corp. and gave the company a “buy” rating in a research report on Tuesday, August 8th. BidaskClub upgraded shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $38.00 price target on shares of Realogy Holdings Corp. in a research report on Thursday, August 10th. Piper Jaffray Companies reiterated a “buy” rating and issued a $40.00 price target on shares of Realogy Holdings Corp. in a research report on Friday, August 4th. Finally, Barclays PLC upped their price target on shares of Realogy Holdings Corp. from $23.00 to $24.00 and gave the company an “underweight” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.63.
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In other news, SVP Timothy B. Gustavson sold 3,093 shares of the business’s 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 transaction, the senior vice president now owns 8,705 shares of the company’s stock, valued at $303,282.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.
Realogy Holdings Corp. (RLGY) opened at 33.83 on Friday. Realogy Holdings Corp. has a 12 month low of $21.43 and a 12 month high of $35.18. The firm’s 50-day moving average is $34.06 and its 200-day moving average is $31.26. The stock has a market cap of $4.61 billion, a P/E ratio of 19.71 and a beta of 1.39.
Realogy Holdings Corp. (NYSE:RLGY) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that Realogy Holdings Corp. will post $1.73 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th were issued 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 was Monday, August 14th. Realogy Holdings Corp.’s dividend payout ratio (DPR) is 21.05%.
Realogy Holdings Corp. 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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