Bank of New York Mellon Corp acquired 1,384,237 shares of PulteGroup, Inc. during the second quarter. The investment is valued at approximately $189.93 million. This purchase gives the financial institution a 0.74% stake in the home construction firm.
Institutional investors and hedge funds now collectively own 89.9% of the company.
The disclosure follows PulteGroup’s July 22 earnings report. The company reported earnings per share of $2.48, exceeding the consensus estimate of $2.36. Quarterly revenue reached $3.98 billion.