Bank of Montreal Can trimmed its stake in Realogy Holdings Corp (NYSE:RLGY) by 10.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 26,452 shares of the financial services provider’s stock after selling 2,976 shares during the quarter. Bank of Montreal Can’s holdings in Realogy were worth $700,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of RLGY. PNC Financial Services Group Inc. lifted its position in shares of Realogy by 0.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,153 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 17 shares during the period. Tocqueville Asset Management L.P. purchased a new stake in shares of Realogy in the 3rd quarter worth about $201,000. Country Club Trust Company n.a. purchased a new stake in shares of Realogy in the 4th quarter worth about $203,000. Caxton Associates LP purchased a new stake in shares of Realogy in the 3rd quarter worth about $290,000. Finally, IFP Advisors Inc lifted its position in shares of Realogy by 4,693.5% in the 3rd quarter. IFP Advisors Inc now owns 8,820 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 8,636 shares during the period.
Several research firms have recently commented on RLGY. JPMorgan Chase & Co. cut shares of Realogy from a “neutral” rating to an “underweight” rating and set a $28.00 target price for the company. in a research report on Friday, December 15th. Zacks Investment Research lowered shares of Realogy from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Piper Jaffray Companies reiterated a “buy” rating and issued a $36.00 price target on shares of Realogy in a research note on Friday, December 22nd. Citigroup decreased their price target on shares of Realogy from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, November 6th. Finally, TheStreet lowered shares of Realogy from a “b-” rating to a “c+” rating in a research note on Monday, January 8th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Realogy presently has a consensus rating of “Hold” and an average target price of $34.78.
In other Realogy news, Director Duncan L. Niederauer purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was bought at an average cost of $26.47 per share, for a total transaction of $132,350.00. Following the purchase, the director now directly owns 25,141 shares in the company, valued at $665,482.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.
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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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