Marshall Wace North America L.P. Raises Stake in Realogy Holdings Corp. (RLGY)
Marshall Wace North America L.P. increased its stake in Realogy Holdings Corp. (NYSE:RLGY) by 301.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,435 shares of the financial services provider’s stock after buying an additional 80,706 shares during the period. Marshall Wace North America L.P. owned 0.08% of Realogy Holdings Corp. worth $3,438,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. KBC Group NV boosted its stake in Realogy Holdings Corp. by 12.5% in the second quarter. KBC Group NV now owns 16,017 shares of the financial services provider’s stock valued at $520,000 after buying an additional 1,774 shares in the last quarter. Comerica Bank boosted its stake in Realogy Holdings Corp. by 3.3% in the second quarter. Comerica Bank now owns 7,944 shares of the financial services provider’s stock valued at $267,000 after buying an additional 257 shares in the last quarter. Legal & General Group Plc boosted its stake in Realogy Holdings Corp. by 6.3% in the second quarter. Legal & General Group Plc now owns 131,613 shares of the financial services provider’s stock valued at $4,269,000 after buying an additional 7,762 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Realogy Holdings Corp. by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 646,997 shares of the financial services provider’s stock valued at $20,994,000 after buying an additional 5,600 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Realogy Holdings Corp. during the second quarter valued at approximately $222,000.
Shares of Realogy Holdings Corp. (NYSE:RLGY) opened at 34.44 on Friday. The firm has a 50-day moving average of $34.00 and a 200-day moving average of $30.86. Realogy Holdings Corp. has a 1-year low of $21.43 and a 1-year high of $35.18. The firm has a market capitalization of $4.70 billion, a PE ratio of 20.07 and a beta of 1.39.
Realogy Holdings Corp. (NYSE:RLGY) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.03. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Realogy Holdings Corp. had a net margin of 4.06% and a return on equity of 9.53%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the business earned $0.74 EPS. On average, equities research analysts anticipate that Realogy Holdings Corp. will post $1.73 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th were paid a dividend of $0.09 per share. The ex-dividend date was Monday, August 14th. This represents a $0.36 annualized dividend and a dividend yield of 1.05%. Realogy Holdings Corp.’s dividend payout ratio is currently 21.05%.
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Several analysts recently commented on the stock. TheStreet upgraded shares of Realogy Holdings Corp. from a “c+” rating to a “b” rating in a report on Wednesday, August 9th. Keefe, Bruyette & Woods restated a “buy” rating and set a $38.00 price target on shares of Realogy Holdings Corp. in a report on Thursday, August 10th. BidaskClub upgraded shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Deutsche Bank AG set a $42.00 price target on shares of Realogy Holdings Corp. and gave the stock a “buy” rating in a report on Tuesday, August 8th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $40.00 price target on shares of Realogy Holdings Corp. in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.63.
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 completion of the transaction, the senior vice president now directly owns 8,705 shares of the company’s stock, valued at approximately $303,282.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.
About Realogy Holdings Corp.
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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