Magnolia Group LLC Boosts Position in Realogy Holdings Corp (RLGY)

Magnolia Group LLC boosted its holdings in shares of Realogy Holdings Corp (NYSE:RLGY) by 16.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,342,437 shares of the financial services provider’s stock after buying an additional 192,553 shares during the period. Realogy makes up approximately 5.1% of Magnolia Group LLC’s investment portfolio, making the stock its 7th biggest position. Magnolia Group LLC’s holdings in Realogy were worth $27,708,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of RLGY. Pzena Investment Management LLC boosted its stake in Realogy by 996.9% during the second quarter. Pzena Investment Management LLC now owns 3,057,328 shares of the financial services provider’s stock valued at $69,707,000 after buying an additional 2,778,604 shares during the period. Dimensional Fund Advisors LP lifted its stake in Realogy by 36.7% during the second quarter. Dimensional Fund Advisors LP now owns 6,522,809 shares of the financial services provider’s stock worth $148,721,000 after purchasing an additional 1,750,240 shares during the last quarter. EdgePoint Investment Group Inc. lifted its stake in Realogy by 12.9% during the second quarter. EdgePoint Investment Group Inc. now owns 15,200,848 shares of the financial services provider’s stock worth $346,579,000 after purchasing an additional 1,737,469 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in Realogy during the second quarter worth about $18,890,000. Finally, Putnam Investments LLC lifted its stake in Realogy by 140.5% during the second quarter. Putnam Investments LLC now owns 903,168 shares of the financial services provider’s stock worth $20,592,000 after purchasing an additional 527,629 shares during the last quarter.

NYSE RLGY opened at $18.39 on Wednesday. Realogy Holdings Corp has a 1-year low of $17.43 and a 1-year high of $28.07. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $2.20 billion, a PE ratio of 11.71, a P/E/G ratio of 0.49 and a beta of 1.19.

Realogy (NYSE:RLGY) last released its earnings results on Friday, November 2nd. The financial services provider reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.07). Realogy had a net margin of 6.71% and a return on equity of 8.69%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the firm posted $0.71 EPS. The company’s revenue was up .1% on a year-over-year basis. Equities research analysts forecast that Realogy Holdings Corp will post 1.74 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 29th. Stockholders of record on Thursday, November 15th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, November 14th. Realogy’s dividend payout ratio (DPR) is presently 22.93%.

Several equities research analysts have issued reports on the company. Barclays set a $17.00 price target on Realogy and gave the stock a “sell” rating in a research note on Monday. Piper Jaffray Companies lowered Realogy from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $32.00 to $19.00 in a research note on Monday. Finally, Zacks Investment Research raised Realogy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $27.86.

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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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Institutional Ownership by Quarter for Realogy (NYSE:RLGY)

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