Citigroup Inc. Buys 167,533 Shares of PulteGroup, Inc. $PHM

Citigroup Inc. lifted its stake in PulteGroup, Inc. (NYSE:PHM) by 28.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 754,102 shares of the construction company’s stock after purchasing an additional 167,533 shares during the quarter. Citigroup Inc.’s holdings in PulteGroup were worth $99,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in PHM. Twin Peaks Wealth Advisors LLC purchased a new stake in PulteGroup during the 2nd quarter valued at $32,000. Rexford Capital Inc. bought a new position in shares of PulteGroup during the second quarter valued at $35,000. Private Wealth Management Group LLC boosted its position in shares of PulteGroup by 281.7% during the third quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock valued at $36,000 after buying an additional 200 shares during the last quarter. True Wealth Design LLC increased its holdings in PulteGroup by 229.6% in the 3rd quarter. True Wealth Design LLC now owns 356 shares of the construction company’s stock worth $47,000 after buying an additional 248 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased its holdings in PulteGroup by 1,423.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 396 shares of the construction company’s stock worth $52,000 after buying an additional 370 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Trading Up 0.2%

Shares of PulteGroup stock opened at $139.95 on Monday. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $144.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $26.92 billion, a P/E ratio of 12.59, a P/E/G ratio of 1.63 and a beta of 1.33. The company has a fifty day moving average of $127.90 and a 200 day moving average of $127.11.

PulteGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 17th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. PulteGroup’s payout ratio is presently 9.35%.

Insider Transactions at PulteGroup

In related news, VP Brien P. O’meara sold 4,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $135.51, for a total transaction of $542,040.00. Following the sale, the vice president owned 8,601 shares of the company’s stock, valued at $1,165,521.51. This represents a 31.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ryan Marshall sold 111,250 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $133.86, for a total transaction of $14,891,925.00. Following the transaction, the insider owned 659,392 shares of the company’s stock, valued at $88,266,213.12. This trade represents a 14.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 144,779 shares of company stock valued at $19,432,616 over the last 90 days. Insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PHM shares. Wall Street Zen upgraded shares of PulteGroup from a “sell” rating to a “hold” rating in a research note on Sunday, January 11th. JPMorgan Chase & Co. lowered their price objective on shares of PulteGroup from $149.00 to $131.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 3rd. The Goldman Sachs Group boosted their price target on PulteGroup from $144.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Royal Bank Of Canada increased their price target on shares of PulteGroup from $111.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $149.00 price objective (up previously from $140.00) on shares of PulteGroup in a research note on Friday, January 30th. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, PulteGroup has a consensus rating of “Moderate Buy” and a consensus target price of $140.62.

About PulteGroup

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.