Prudential Financial Inc. increased its stake in CoreLogic Inc. (NYSE:CLGX) by 75.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 461,490 shares of the company’s stock after buying an additional 199,110 shares during the period. Prudential Financial Inc. owned about 0.52% of CoreLogic worth $17,759,000 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. Bessemer Group Inc. increased its position in shares of CoreLogic by 7.3% in the first quarter. Bessemer Group Inc. now owns 2,579,565 shares of the company’s stock worth $89,511,000 after buying an additional 176,400 shares in the last quarter. Samlyn Capital LLC increased its position in shares of CoreLogic by 15.7% in the first quarter. Samlyn Capital LLC now owns 2,498,258 shares of the company’s stock worth $86,690,000 after buying an additional 339,189 shares in the last quarter. State Street Corp increased its position in shares of CoreLogic by 0.5% in the first quarter. State Street Corp now owns 2,389,973 shares of the company’s stock worth $82,929,000 after buying an additional 12,478 shares in the last quarter. Schroder Investment Management Group increased its position in shares of CoreLogic by 3.9% in the second quarter. Schroder Investment Management Group now owns 2,204,110 shares of the company’s stock worth $84,814,000 after buying an additional 82,400 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of CoreLogic by 2.7% in the second quarter. JPMorgan Chase & Co. now owns 2,095,274 shares of the company’s stock worth $80,626,000 after buying an additional 55,065 shares in the last quarter. Hedge funds and other institutional investors own 85.59% of the company’s stock.
Shares of CoreLogic Inc. (NYSE:CLGX) traded down 1.13% during mid-day trading on Wednesday, hitting $39.50. The stock had a trading volume of 117,235 shares. The company’s 50 day moving average is $39.96 and its 200-day moving average is $37.74. The stock has a market cap of $3.49 billion, a P/E ratio of 26.39 and a beta of 1.06. CoreLogic Inc. has a 52-week low of $30.73 and a 52-week high of $43.43.
CoreLogic (NYSE:CLGX) last announced its quarterly earnings results on Monday, July 25th. The company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. CoreLogic had a net margin of 7.73% and a return on equity of 14.56%. The firm earned $500 million during the quarter, compared to the consensus estimate of $485.55 million. During the same quarter last year, the firm earned $0.55 EPS. The firm’s revenue for the quarter was up 29.5% compared to the same quarter last year. On average, equities research analysts anticipate that CoreLogic Inc. will post $2.28 earnings per share for the current fiscal year.
CLGX has been the topic of a number of research analyst reports. Piper Jaffray Cos. restated an “overweight” rating and set a $48.00 price target on shares of CoreLogic in a report on Friday, August 19th. Keefe, Bruyette & Woods reduced their target price on CoreLogic from $44.50 to $43.00 and set a “market perform” rating on the stock in a report on Monday, September 19th. Barclays PLC upped their target price on CoreLogic from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Thursday, July 7th. Zacks Investment Research upgraded CoreLogic from a “hold” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a report on Friday, July 22nd. Finally, Robert W. Baird downgraded CoreLogic from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $40.00 to $41.00 in a report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. CoreLogic currently has an average rating of “Hold” and an average price target of $43.72.
In other CoreLogic news, CEO Anand K. Nallathambi sold 36,668 shares of the firm’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $38.02, for a total value of $1,394,117.36. Following the completion of the sale, the chief executive officer now owns 226,047 shares of the company’s stock, valued at $8,594,306.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Barry M. Sando sold 1,113 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $39.50, for a total transaction of $43,963.50. Following the completion of the sale, the executive vice president now directly owns 154,341 shares of the company’s stock, valued at approximately $6,096,469.50. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.
CoreLogic, Inc is a provider of property information, analytics and data-enabled services. The Company provides detailed coverage of property, mortgages and other encumbrances, property risk and replacement cost, consumer credit, tenancy, location, hazard risk and related performance information. It operates through two segments: Property Intelligence and Risk Management and Work Flow.
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