Thu Sep 26 13:28:27 UTC 2024: ## Institutional Investors Show Interest in PulteGroup, Inc.

**New York, NY – September 26, 2024** – Several institutional investors have recently adjusted their holdings in PulteGroup, Inc. (NYSE:PHM), signaling a continued interest in the homebuilding company.

Benjamin F. Edwards & Company Inc. notably increased its stake in PulteGroup by 54.7% during the second quarter, acquiring an additional 912 shares. This brings their total ownership to 2,580 shares, valued at $284,000.

Other notable changes include:

* **Putnam Investments LLC** raised its position in PulteGroup by 1.8% in the fourth quarter, now owning 11,008,695 shares valued at $1,136,318,000.
* **Hsbc Holdings PLC** increased its holdings by 19.6% in the second quarter, owning 1,529,698 shares valued at $168,254,000.
* **Los Angeles Capital Management LLC** lifted its stake by 0.5% in the first quarter, now holding 1,434,016 shares worth $172,971,000.
* **Captrust Financial Advisors** boosted its holdings by 18.4% in the first quarter, owning 1,085,939 shares worth $130,986,000.
* **Victory Capital Management Inc.** grew its position by 5.9% in the second quarter, owning 964,422 shares valued at $106,183,000.

These investments highlight the confidence institutional investors have in PulteGroup’s future performance. The company’s stock opened at $140.46 on Thursday, with a market cap of $29.15 billion. Analysts have expressed varied opinions on the company’s stock, with some issuing “buy” ratings and others recommending a “hold” approach.

PulteGroup, Inc. focuses on residential development and construction, offering various home designs across different brands. The company recently announced a quarterly dividend of $0.20 per share, payable on October 2nd.

While several insider transactions were recorded, including CFO Robert Oshaughnessy selling 71,007 shares and Director Thomas J. Folliard selling 19,000 shares, institutional investors continue to demonstrate a strong interest in PulteGroup. The company’s performance and future prospects will be closely watched in the coming months.

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