Legal & General Group Plc boosted its holdings in shares of Realogy Holdings Corp (NYSE:RLGY) by 13.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 149,267 shares of the financial services provider’s stock after buying an additional 17,654 shares during the quarter. Legal & General Group Plc owned 0.11% of Realogy worth $4,922,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Realogy by 271.3% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 894,419 shares of the financial services provider’s stock valued at $29,471,000 after purchasing an additional 653,561 shares in the last quarter. Financial Partners Capital Management LLC raised its holdings in shares of Realogy by 4.6% in the 3rd quarter. Financial Partners Capital Management LLC now owns 124,266 shares of the financial services provider’s stock valued at $4,095,000 after purchasing an additional 5,521 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Realogy by 144.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,153 shares of the financial services provider’s stock valued at $928,000 after purchasing an additional 16,644 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Realogy in the 3rd quarter valued at $1,074,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of Realogy by 539.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 853,060 shares of the financial services provider’s stock valued at $28,108,000 after purchasing an additional 719,577 shares in the last quarter.
In related news, Director Duncan L. Niederauer purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were purchased 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 of the company’s stock, valued at $665,482.27. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by company insiders.
Realogy (NYSE:RLGY) last announced its quarterly earnings results on Friday, November 3rd. The financial services provider reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.10). Realogy had a return on equity of 9.08% and a net margin of 3.86%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. Realogy’s revenue was up 1.8% compared to the same quarter last year. analysts predict that Realogy Holdings Corp will post 1.55 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $0.36 annualized dividend and a yield of 1.35%. Realogy’s dividend payout ratio is currently 21.56%.
A number of brokerages have recently weighed in on RLGY. J P Morgan Chase & Co lowered shares of Realogy from a “neutral” rating to an “underweight” rating and set a $28.00 price objective on the stock. in a report on Friday. Zacks Investment Research lowered shares of Realogy from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. BidaskClub lowered shares of Realogy from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Citigroup reduced their price objective on shares of Realogy from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, November 6th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $33.00 price objective on shares of Realogy in a report on Friday, November 3rd. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $34.44.
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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