Northern Trust Corp raised its stake in Realogy Holdings Corp. (NYSE:RLGY) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 795,688 shares of the financial services provider’s stock after acquiring an additional 30,759 shares during the period. Northern Trust Corp owned approximately 0.58% of Realogy Holdings Corp. worth $25,821,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Federated Investors Inc. PA purchased a new stake in shares of Realogy Holdings Corp. during the second quarter valued at $101,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Realogy Holdings Corp. by 310.0% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,100 shares of the financial services provider’s stock valued at $122,000 after buying an additional 3,100 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Realogy Holdings Corp. by 2.1% during the first quarter. PNC Financial Services Group Inc. now owns 4,136 shares of the financial services provider’s stock valued at $123,000 after buying an additional 86 shares during the last quarter. Profund Advisors LLC purchased a new stake in shares of Realogy Holdings Corp. during the second quarter valued at $222,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Realogy Holdings Corp. during the second quarter valued at $222,000.
RLGY has been the topic of several recent analyst reports. Zacks Investment Research cut Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. BidaskClub raised Realogy Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Wedbush increased their price objective on Realogy Holdings Corp. from $32.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, July 12th. TheStreet raised Realogy Holdings Corp. from a “c+” rating to a “b” rating in a research report on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $38.00 price objective on shares of Realogy Holdings Corp. in a research report on Friday, September 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $34.75.
In related news, SVP Timothy B. Gustavson sold 3,093 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $34.84, for a total value of $107,760.12. Following the completion of the transaction, the senior vice president now directly owns 8,705 shares in the company, valued at $303,282.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.
Shares of Realogy Holdings Corp. (NYSE:RLGY) opened at 32.87 on Friday. Realogy Holdings Corp. has a 52 week low of $21.43 and a 52 week high of $35.18. The company’s 50 day moving average price is $33.55 and its 200-day moving average price is $32.16. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 19.16 and a beta of 1.39.
Realogy Holdings Corp. (NYSE:RLGY) last issued its quarterly earnings data 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 analyst estimates of $1.73 billion. Realogy Holdings Corp. had a return on equity of 9.53% and a net margin of 4.06%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 earnings per share. Analysts anticipate that Realogy Holdings Corp. will post $1.72 earnings per share for the current fiscal year.
Realogy Holdings Corp. 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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