Deutsche Bank AG Sells 113,626 Shares of PulteGroup, Inc. (NYSE:PHM)

Deutsche Bank AG trimmed its position in PulteGroup, Inc. (NYSE:PHMGet Rating) by 12.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 803,046 shares of the construction company’s stock after selling 113,626 shares during the period. Deutsche Bank AG owned 0.35% of PulteGroup worth $31,825,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund bought a new position in PulteGroup in the 2nd quarter valued at $5,483,000. AIA Group Ltd boosted its holdings in PulteGroup by 39.5% in the 2nd quarter. AIA Group Ltd now owns 9,849 shares of the construction company’s stock valued at $390,000 after purchasing an additional 2,791 shares during the period. Baader Bank Aktiengesellschaft bought a new position in PulteGroup in the 2nd quarter valued at $262,000. Ulrich Consultants & Investment Group LLC bought a new position in PulteGroup in the 2nd quarter valued at $1,332,000. Finally, Synovus Financial Corp boosted its holdings in PulteGroup by 4.2% in the 2nd quarter. Synovus Financial Corp now owns 16,532 shares of the construction company’s stock valued at $655,000 after purchasing an additional 669 shares during the period. 89.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PHM has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on shares of PulteGroup from $43.50 to $65.00 in a research report on Tuesday. Raymond James cut shares of PulteGroup from a “strong-buy” rating to a “market perform” rating in a research report on Friday, October 21st. Bank of America cut shares of PulteGroup from a “buy” rating to a “neutral” rating and raised their price objective for the company from $41.00 to $48.00 in a research report on Wednesday, July 27th. KeyCorp raised their price objective on shares of PulteGroup from $47.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, November 14th. Finally, Barclays lowered their price objective on shares of PulteGroup from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 26th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $50.50.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $44.70 on Thursday. The stock has a market cap of $10.18 billion, a PE ratio of 4.53, a PEG ratio of 2.49 and a beta of 1.28. The company’s fifty day moving average is $39.77 and its 200 day moving average is $41.46. PulteGroup, Inc. has a 52 week low of $35.03 and a 52 week high of $58.09. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.25.

PulteGroup (NYSE:PHMGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.04). PulteGroup had a net margin of 15.56% and a return on equity of 30.80%. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.04 billion. Research analysts anticipate that PulteGroup, Inc. will post 10.15 earnings per share for the current year.

PulteGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Thursday, September 22nd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Wednesday, September 21st. PulteGroup’s payout ratio is 6.09%.

PulteGroup Company Profile

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PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West, and John Wieland Homes and Neighborhoods brand names.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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