Thu Sep 26 15:00:02 UTC 2024: ## PulteGroup (PHM) Sees Increased Institutional Interest and Analyst Divergence

**New York, NY** – AE Wealth Management LLC boosted its stake in homebuilder PulteGroup, Inc. (NYSE: PHM) by 14.6% in the second quarter, according to its latest 13F filing with the SEC. The firm now owns 8,418 shares, valued at $927,000. This is just one of several institutional investors that have adjusted their positions in PulteGroup recently. Other notable moves include:

* Benjamin Edwards Inc. acquiring a new position worth approximately $26,000 in the first quarter.
* WR Wealth Planners LLC increasing its holdings by 54.7% in the second quarter.
* LRI Investments LLC and Rothschild Investment LLC purchasing new positions in the first and second quarters, respectively.
* Candriam S.C.A. establishing a new stake valued at $33,000 in the second quarter.

Institutional investors collectively own 89.90% of PulteGroup’s outstanding shares.

Meanwhile, analysts have been offering a mixed outlook on PHM.

* Wedbush maintained a “neutral” rating with a $115.00 price target.
* Bank of America upgraded the stock to “buy” and raised its target price from $138.00 to $160.00.
* BTIG Research also upgraded to “buy” and increased its price target from $133.00 to $139.00.
* Citigroup downgraded the stock to “neutral” and lowered its price target from $129.00 to $117.00.
* Wolfe Research downgraded from “outperform” to “peer perform.”

Overall, six analysts have rated the stock a “hold” while eleven recommend a “buy,” resulting in an average rating of “Moderate Buy” and a consensus target price of $134.71.

PulteGroup reported strong earnings in the second quarter, exceeding analysts’ expectations. However, recent insider sales have raised some eyebrows.

PulteGroup (NYSE: PHM) is a leading homebuilder in the U.S., operating under brands like Centex, Pulte Homes, and Del Webb. The company recently declared a quarterly dividend of $0.20 per share, payable on October 2nd.

Investors seeking more information on institutional holdings and insider transactions can visit HoldingsChannel.com.

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