Trade Report: The Daiwa Securities Group Inc. decides to keep it stake in PulteGroup Inc. (PHM) to the level of $144,000

The Daiwa Securities Group Inc. decides to keep it stake in PulteGroup Inc. (PHM) to the level of $144,000

Daiwa Securities Group Inc. held its position in PulteGroup Inc. (NYSE:PHM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,400 shares of the company’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in PulteGroup were worth $144,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aviva PLC increased its position in PulteGroup by 0.3% in the first quarter. Aviva PLC now owns 145,973 shares of the company’s stock valued at $2,731,000 after buying an additional 476 shares during the last quarter. Wilsey Asset Management Inc. increased its position in PulteGroup by 0.4% in the second quarter. Wilsey Asset Management Inc. now owns 421,508 shares of the company’s stock valued at $8,215,000 after buying an additional 1,693 shares during the last quarter. LS Investment Advisors LLC increased its position in PulteGroup by 12.6% in the second quarter. LS Investment Advisors LLC now owns 17,119 shares of the company’s stock valued at $334,000 after buying an additional 1,920 shares during the last quarter. IFP Advisors Inc increased its position in PulteGroup by 69.4% in the first quarter. IFP Advisors Inc now owns 5,507 shares of the company’s stock valued at $103,000 after buying an additional 2,257 shares during the last quarter. Finally, Denali Advisors LLC increased its position in PulteGroup by 1.4% in the second quarter. Denali Advisors LLC now owns 168,700 shares of the company’s stock valued at $3,288,000 after buying an additional 2,300 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Shares of PulteGroup Inc. (NYSE:PHM) traded down 1.97% during midday trading on Friday, reaching $19.94. The company had a trading volume of 3,869,774 shares. The company’s 50 day moving average price is $20.45 and its 200-day moving average price is $19.59. PulteGroup Inc. has a 52 week low of $14.61 and a 52 week high of $22.40. The company has a market capitalization of $6.85 billion, a P/E ratio of 13.13 and a beta of 1.50.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.66 billion. PulteGroup had a return on equity of 11.24% and a net margin of 7.89%. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 earnings per share. On average, equities research analysts predict that PulteGroup Inc. will post $1.61 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Tuesday, September 20th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Friday, September 16th. PulteGroup’s dividend payout ratio (DPR) is currently 23.68%.

Several research analysts have weighed in on the company. Credit Suisse Group AG restated a “sell” rating on shares of PulteGroup in a research note on Tuesday, July 12th. FBR & Co upped their price target on PulteGroup from $20.00 to $24.00 and gave the stock a “market perform” rating in a research note on Friday, July 22nd. Zacks Investment Research upgraded PulteGroup from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Monday, July 25th. Wedbush assumed coverage on PulteGroup in a research note on Monday, September 19th. They issued an “underperform” rating and a $16.00 price target for the company. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $26.00 price objective (up from $23.00) on shares of PulteGroup in a report on Sunday, July 24th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of C$20.13.

In other PulteGroup news, insider James R. Ellinghausen sold 125,000 shares of PulteGroup stock in a transaction on Friday, July 22nd. The stock was sold at an average price of C$21.60, for a total value of C$2,700,000.00. Following the sale, the insider now owns 532,931 shares in the company, valued at C$11,511,309.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James L. Ossowski sold 11,655 shares of PulteGroup stock in a transaction on Monday, July 25th. The shares were sold at an average price of C$25.75, for a total value of C$300,116.25. Following the completion of the sale, the vice president now owns 51,880 shares in the company, valued at approximately C$1,335,910. The disclosure for this sale can be found here. Company insiders own 1.83% of the company’s stock.

PulteGroup Company Profile

PulteGroup, Inc is a homebuilder operating in the United States. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking operations and title operations. The Company’s subsidiaries are also engaged in the homebuilding business. The Company operates through Homebuilding and Financial Services segments.

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