Virtu Financial LLC Makes New $253,000 Investment in PennyMac Financial Services, Inc. (NYSE:PFSI)

Virtu Financial LLC acquired a new position in PennyMac Financial Services, Inc. (NYSE:PFSI) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,861 shares of the real estate investment trust’s stock, valued at approximately $253,000.

Other large investors have also modified their holdings of the company. USA Financial Formulas acquired a new position in shares of PennyMac Financial Services in the fourth quarter worth about $25,000. Hexagon Capital Partners LLC raised its position in shares of PennyMac Financial Services by 128.9% in the fourth quarter. Hexagon Capital Partners LLC now owns 364 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 205 shares during the period. Parkside Financial Bank & Trust acquired a new position in shares of PennyMac Financial Services in the fourth quarter worth about $36,000. TFO Wealth Partners LLC raised its position in shares of PennyMac Financial Services by 16,300.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,148 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 1,141 shares during the period. Finally, Saxon Interests Inc. acquired a new position in shares of PennyMac Financial Services in the fourth quarter worth about $208,000. Institutional investors and hedge funds own 57.87% of the company’s stock.

Insider Activity at PennyMac Financial Services

In related news, insider Derek Stark sold 5,255 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $89.44, for a total value of $470,007.20. Following the completion of the sale, the insider now owns 27,084 shares in the company, valued at $2,422,392.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO David Spector sold 10,000 shares of PennyMac Financial Services stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $90.72, for a total transaction of $907,200.00. Following the completion of the sale, the chief executive officer now directly owns 250,604 shares in the company, valued at $22,734,794.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Derek Stark sold 5,255 shares of PennyMac Financial Services stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $89.44, for a total transaction of $470,007.20. Following the sale, the insider now owns 27,084 shares of the company’s stock, valued at $2,422,392.96. The disclosure for this sale can be found here. Insiders sold 93,120 shares of company stock worth $8,501,777 over the last 90 days. Company insiders own 16.60% of the company’s stock.

Wall Street Analysts Forecast Growth

PFSI has been the subject of a number of research reports. Keefe, Bruyette & Woods cut their target price on shares of PennyMac Financial Services from $105.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Deutsche Bank Aktiengesellschaft cut their target price on shares of PennyMac Financial Services from $115.00 to $112.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. StockNews.com raised shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday. Barclays boosted their target price on shares of PennyMac Financial Services from $103.00 to $112.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Finally, Wedbush reissued an “outperform” rating and set a $110.00 target price on shares of PennyMac Financial Services in a research note on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $97.75.

PennyMac Financial Services Trading Up 0.5 %

Shares of PennyMac Financial Services stock opened at $92.34 on Friday. PennyMac Financial Services, Inc. has a 1 year low of $62.15 and a 1 year high of $94.80. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market capitalization of $4.70 billion, a P/E ratio of 32.06, a PEG ratio of 0.60 and a beta of 1.70. The company’s fifty day moving average is $90.61 and its two-hundred day moving average is $88.48.

PennyMac Financial Services (NYSE:PFSI) last released its earnings results on Wednesday, April 24th. The real estate investment trust reported $2.48 EPS for the quarter, topping the consensus estimate of $2.34 by $0.14. PennyMac Financial Services had a net margin of 10.94% and a return on equity of 10.48%. The company had revenue of $305.66 million during the quarter, compared to analysts’ expectations of $422.87 million. Analysts forecast that PennyMac Financial Services, Inc. will post 10.55 earnings per share for the current year.

PennyMac Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Tuesday, May 14th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Monday, May 13th. PennyMac Financial Services’s dividend payout ratio (DPR) is 27.78%.

PennyMac Financial Services Company Profile

PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans.