Financial Partners Capital Management LLC lifted its stake in Realogy Holdings Corp. (NYSE:RLGY) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 124,266 shares of the financial services provider’s stock after acquiring an additional 5,521 shares during the quarter. Financial Partners Capital Management LLC owned 0.09% of Realogy worth $4,095,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings 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 acquiring an additional 17 shares during the last quarter. Gotham Asset Management LLC lifted its holdings in Realogy by 0.7% during the 2nd quarter. Gotham Asset Management LLC now owns 12,170 shares of the financial services provider’s stock worth $395,000 after buying an additional 90 shares in the last quarter. M&T Bank Corp lifted its holdings in Realogy by 0.5% during the 2nd quarter. M&T Bank Corp now owns 24,955 shares of the financial services provider’s stock worth $810,000 after buying an additional 134 shares in the last quarter. Comerica Bank lifted its holdings in Realogy by 3.3% during the 2nd quarter. Comerica Bank now owns 7,944 shares of the financial services provider’s stock worth $267,000 after buying an additional 257 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in Realogy by 1.3% during the 2nd quarter. Royal Bank of Canada now owns 33,316 shares of the financial services provider’s stock worth $1,081,000 after buying an additional 417 shares in the last quarter.
Shares of Realogy Holdings Corp. (NYSE:RLGY) traded up $0.22 during trading hours on Wednesday, hitting $27.45. 1,765,800 shares of the company’s stock were exchanged, compared to its average volume of 1,272,460. Realogy Holdings Corp. has a 52 week low of $24.69 and a 52 week high of $35.18. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $3,665.61, a P/E ratio of 17.13, a PEG ratio of 0.88 and a beta of 1.32.
Realogy (NYSE:RLGY) last announced its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.10). Realogy had a net margin of 3.86% and a return on equity of 9.08%. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. research analysts expect that Realogy Holdings Corp. will post 1.55 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Wednesday, November 15th. Realogy’s dividend payout ratio (DPR) is 21.56%.
RLGY has been the topic of a number of research reports. Zacks Investment Research lowered shares of Realogy from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Piper Jaffray Companies reiterated a “buy” rating and set a $33.00 target price on shares of Realogy in a report on Friday, November 3rd. BidaskClub lowered shares of Realogy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. TheStreet upgraded shares of Realogy from a “c+” rating to a “b” rating in a report on Wednesday, August 9th. Finally, Citigroup reduced their target price 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. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $34.67.
In related news, Director Duncan L. Niederauer bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were purchased at an average cost of $26.47 per share, with a total value of $132,350.00. Following the transaction, the director now directly owns 25,141 shares of the company’s stock, valued at approximately $665,482.27. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.
Realogy 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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