Old Second National Bank Of Aurora buys $717,614 stake in PulteGroup (PHM)

PulteGroup (PHM) : Old Second National Bank Of Aurora scooped up 2,083 additional shares in PulteGroup during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 37,670 shares of PulteGroup which is valued at $717,614.PulteGroup makes up approximately 0.34% of Old Second National Bank Of Aurora’s portfolio.

PulteGroup opened for trading at $19.04 and hit $19.259 on the upside on Wednesday, eventually ending the session at $19.18, with a gain of 1.05% or 0.2 points. The heightened volatility saw the trading volume jump to 52,25,404 shares. Company has a market cap of $6,637 M.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in PHM in the latest quarter, The investment management firm added 8,550 additional shares and now holds a total of 72,797 shares of PulteGroup which is valued at $1,357,664. PulteGroup makes up approx 0.03% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.British Columbia Investment Management Corp boosted its stake in PHM in the latest quarter, The investment management firm added 44,844 additional shares and now holds a total of 113,915 shares of PulteGroup which is valued at $2,002,626. PulteGroup makes up approx 0.02% of British Columbia Investment Management Corp’s portfolio.

On the company’s financial health, PulteGroup reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.20. The company had revenue of $1432.60 million for the quarter, compared to analysts expectations of $1349.50 million. The company’s revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

Many Wall Street Analysts have commented on PulteGroup. PulteGroup was Downgraded by Raymond James to ” Mkt Perform” on Apr 25, 2016. Company shares were Reiterated by FBR Capital on Apr 22, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 20 from a previous price target of $18 .Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 22 from a previous price target of $21 .

PulteGroup Inc. (PulteGroup) is a homebuilder operating in the United States. The Company’s subsidiaries engage in the homebuilding business. The Company also offers mortgage banking operations through Pulte Mortgage LLC (Pulte Mortgage) and title operations. It offers a variety of home designs including single-family detached townhouses condominiums and duplexes. It has delivered approximately 640000 homes. It operates in approximately 49 markets located throughout 26 states. The Company operates through its Homebuilding and Financial Services segments. The Company’s Homebuilding Operations include the acquisition and development of land for residential purposes within the United States and the construction of housing on such land. The Financial Services operations consist of mortgage banking and title operations.

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