Principal Financial Group Inc. Cuts Stake in Realogy Holdings Corp (RLGY)
Principal Financial Group Inc. trimmed its position in Realogy Holdings Corp (NYSE:RLGY) by 10.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,043 shares of the financial services provider’s stock after selling 2,206 shares during the period. Principal Financial Group Inc.’s holdings in Realogy were worth $627,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of RLGY. Schwab Charles Investment Management Inc. increased its position in shares of Realogy by 83.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,286,364 shares of the financial services provider’s stock valued at $41,743,000 after acquiring an additional 586,928 shares during the last quarter. River Road Asset Management LLC increased its position in shares of Realogy by 1.1% in the second quarter. River Road Asset Management LLC now owns 636,312 shares of the financial services provider’s stock valued at $20,648,000 after acquiring an additional 6,694 shares during the last quarter. American Century Companies Inc. increased its position in shares of Realogy by 11.4% in the third quarter. American Century Companies Inc. now owns 1,224,068 shares of the financial services provider’s stock valued at $40,333,000 after acquiring an additional 125,336 shares during the last quarter. Boston Advisors LLC increased its position in shares of Realogy by 16.6% in the third quarter. Boston Advisors LLC now owns 209,639 shares of the financial services provider’s stock valued at $6,908,000 after acquiring an additional 29,907 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Realogy 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 acquiring an additional 7,762 shares during the last quarter.
Shares of Realogy Holdings Corp (NYSE:RLGY) traded down $0.30 during mid-day trading on Friday, hitting $26.12. The company had a trading volume of 2,016,000 shares, compared to its average volume of 1,307,261. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.41. Realogy Holdings Corp has a fifty-two week low of $25.14 and a fifty-two week high of $35.18. The company has a market capitalization of $3,556.57, a PE ratio of 16.62, a P/E/G ratio of 0.85 and a beta of 1.32.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Wednesday, November 15th. Realogy’s payout ratio is presently 21.56%.
In other Realogy news, Director Duncan L. Niederauer bought 5,000 shares of the business’s stock in a transaction on Monday, November 27th. The stock was purchased at an average cost of $26.47 per share, for a total transaction of $132,350.00. Following the completion of the purchase, the director now directly owns 25,141 shares of the company’s stock, valued at $665,482.27. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.80% of the stock is owned by corporate insiders.
RLGY has been the topic of a number of recent analyst reports. BidaskClub downgraded Realogy from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Zacks Investment Research raised Realogy from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Wednesday, September 27th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $38.00 price target on shares of Realogy in a research report on Friday, September 29th. Piper Jaffray Companies reissued a “buy” rating and set a $33.00 price target on shares of Realogy in a research report on Friday, November 3rd. Finally, Citigroup lowered their price target on Realogy from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, November 6th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Realogy presently has an average rating of “Hold” and a consensus target price of $34.67.
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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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