Chicago Equity Partners LLC purchased a new stake in shares of Realogy Holdings Corp. (NYSE:RLGY) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 26,800 shares of the financial services provider’s stock, valued at approximately $870,000.
Several other hedge funds have also made changes to their positions in the stock. ARGA Investment Management LP lifted its stake in shares of Realogy Holdings Corp. by 93.2% during the 2nd quarter. ARGA Investment Management LP now owns 54,100 shares of the financial services provider’s stock valued at $1,756,000 after buying an additional 26,100 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Realogy Holdings Corp. by 10.6% in the 2nd quarter. Principal Financial Group Inc. now owns 21,249 shares of the financial services provider’s stock worth $690,000 after purchasing an additional 2,036 shares in the last quarter. River Road Asset Management LLC lifted its stake in Realogy Holdings Corp. by 1.1% in the 2nd quarter. River Road Asset Management LLC now owns 636,312 shares of the financial services provider’s stock worth $20,648,000 after purchasing an additional 6,694 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Realogy Holdings Corp. by 125.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,509 shares of the financial services provider’s stock worth $373,000 after purchasing an additional 6,411 shares in the last quarter. Finally, Airain ltd purchased a new stake in Realogy Holdings Corp. in the 2nd quarter worth approximately $519,000.
Shares of Realogy Holdings Corp. (NYSE:RLGY) opened at 33.83 on Friday. The firm’s 50-day moving average is $34.06 and its 200-day moving average is $31.26. Realogy Holdings Corp. has a 1-year low of $21.43 and a 1-year high of $35.18. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 19.71 and a beta of 1.39.
Realogy Holdings Corp. (NYSE:RLGY) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.03. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.73 billion. Realogy Holdings Corp. had a net margin of 4.06% and a return on equity of 9.53%. Realogy Holdings Corp.’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm posted $0.74 EPS. Analysts forecast that Realogy Holdings Corp. will post $1.73 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th were issued a $0.09 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.36 annualized dividend and a yield of 1.06%. Realogy Holdings Corp.’s dividend payout ratio (DPR) is presently 21.05%.
A number of equities analysts have recently commented on RLGY shares. Zacks Investment Research lowered shares of Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. BidaskClub raised shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Wedbush increased their target price on shares of Realogy Holdings Corp. from $32.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, July 12th. TheStreet lowered shares of Realogy Holdings Corp. from a “b-” rating to a “c+” rating in a report on Wednesday, June 7th. Finally, Barclays PLC reissued an “underweight” rating on shares of Realogy Holdings Corp. in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company 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 firm’s stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by corporate insiders.
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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