Virtu Financial LLC purchased a new position in shares of Realogy Holdings Corp (NYSE:RLGY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,859 shares of the financial services provider’s stock, valued at approximately $367,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. increased its position in Realogy by 60.1% during the fourth quarter. UBS Asset Management Americas Inc. now owns 317,443 shares of the financial services provider’s stock worth $8,412,000 after buying an additional 119,152 shares in the last quarter. Schroder Investment Management Group purchased a new position in Realogy during the fourth quarter worth $987,000. Bank of New York Mellon Corp increased its position in Realogy by 4.8% during the fourth quarter. Bank of New York Mellon Corp now owns 681,856 shares of the financial services provider’s stock worth $18,070,000 after buying an additional 31,465 shares in the last quarter. First Trust Advisors LP increased its position in Realogy by 27.5% during the fourth quarter. First Trust Advisors LP now owns 417,313 shares of the financial services provider’s stock worth $11,059,000 after buying an additional 89,910 shares in the last quarter. Finally, Forsta AP Fonden purchased a new position in Realogy during the fourth quarter worth $1,055,000.
RLGY has been the subject of several recent research reports. Deutsche Bank set a $35.00 price target on Realogy and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Stephens reissued a “buy” rating and set a $33.00 price target on shares of Realogy in a research report on Friday, February 23rd. Piper Jaffray Companies reissued a “buy” rating and set a $36.00 price target on shares of Realogy in a research report on Friday, December 22nd. TheStreet downgraded Realogy from a “b-” rating to a “c+” rating in a research report on Monday, January 8th. Finally, Zacks Investment Research raised Realogy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Realogy currently has a consensus rating of “Hold” and a consensus target price of $33.60.
Realogy (NYSE:RLGY) last announced its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.46 billion. Realogy had a return on equity of 8.74% and a net margin of 7.05%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share. analysts expect that Realogy Holdings Corp will post 1.85 EPS for the current year.
Realogy announced that its Board of Directors has approved a share buyback plan on Tuesday, February 27th that allows the company to repurchase $350.00 million in shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Monday, March 12th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, March 9th. Realogy’s dividend payout ratio is currently 11.39%.
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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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