Ameriprise Financial Inc. lessened its holdings in shares of CoreLogic, Inc. (NYSE:CLGX) by 2.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 333,861 shares of the business services provider’s stock after selling 9,510 shares during the period. Ameriprise Financial Inc. owned 0.41% of CoreLogic worth $15,431,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in shares of CoreLogic by 0.3% during the 2nd quarter. BlackRock Inc. now owns 6,776,233 shares of the business services provider’s stock worth $293,953,000 after acquiring an additional 18,907 shares in the last quarter. Bessemer Group Inc. raised its position in shares of CoreLogic by 2.8% during the 3rd quarter. Bessemer Group Inc. now owns 2,999,746 shares of the business services provider’s stock worth $138,649,000 after acquiring an additional 81,221 shares in the last quarter. State Street Corp raised its position in shares of CoreLogic by 0.7% during the 2nd quarter. State Street Corp now owns 2,261,767 shares of the business services provider’s stock worth $98,111,000 after acquiring an additional 16,697 shares in the last quarter. Schroder Investment Management Group raised its position in shares of CoreLogic by 12.3% during the 2nd quarter. Schroder Investment Management Group now owns 2,088,663 shares of the business services provider’s stock worth $90,439,000 after acquiring an additional 229,129 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in CoreLogic by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,647,527 shares of the business services provider’s stock worth $71,470,000 after buying an additional 79,447 shares during the last quarter. 88.84% of the stock is currently owned by institutional investors and hedge funds.
In other CoreLogic news, Director Mary Lee Widener sold 900 shares of CoreLogic stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $46.70, for a total value of $42,030.00. Following the transaction, the director now directly owns 8,434 shares in the company, valued at approximately $393,867.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.
A number of research firms recently issued reports on CLGX. SunTrust Banks downgraded CoreLogic from a “buy” rating to a “hold” rating and set a $46.00 price target on the stock. in a research note on Tuesday, November 28th. BidaskClub downgraded CoreLogic from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. William Blair downgraded CoreLogic from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 8th. Zacks Investment Research downgraded CoreLogic from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Finally, Barclays raised their price target on CoreLogic from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $48.43.
CoreLogic, Inc. (NYSE:CLGX) opened at $45.40 on Friday. The stock has a market capitalization of $3,731.53, a P/E ratio of 22.43, a P/E/G ratio of 2.02 and a beta of 0.84. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.33 and a current ratio of 1.33. CoreLogic, Inc. has a 12 month low of $34.59 and a 12 month high of $49.30.
CoreLogic (NYSE:CLGX) last released its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. CoreLogic had a return on equity of 17.10% and a net margin of 4.86%. The firm had revenue of $483.10 million for the quarter, compared to the consensus estimate of $490.09 million. During the same quarter last year, the business posted $0.73 EPS. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. analysts expect that CoreLogic, Inc. will post 2.04 earnings per share for the current fiscal year.
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CoreLogic Company Profile
CoreLogic, Inc is a provider of property information, analytics and data-enabled services. The Company provides detailed coverage of property, mortgages and other encumbrances, property risk and replacement cost, consumer credit, tenancy, location, hazard risk and related performance information. Its segments include Property Intelligence (PI), Risk Management and Work Flow (RMW), and Corporate.
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