PennyMac Financial Services, Inc. (NYSE:PFSI) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. increased its position in shares of PennyMac Financial Services, Inc. (NYSE:PFSI) by 59.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 702 shares of the real estate investment trust’s stock after purchasing an additional 262 shares during the quarter. Blue Trust Inc.’s holdings in PennyMac Financial Services were worth $80,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its holdings in shares of PennyMac Financial Services by 91.3% in the first quarter. Russell Investments Group Ltd. now owns 19,246 shares of the real estate investment trust’s stock valued at $1,753,000 after purchasing an additional 9,183 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in PennyMac Financial Services by 56.1% in the 1st quarter. BNP Paribas Financial Markets now owns 13,917 shares of the real estate investment trust’s stock valued at $1,268,000 after buying an additional 5,004 shares in the last quarter. Edgestream Partners L.P. lifted its stake in PennyMac Financial Services by 349.5% in the 1st quarter. Edgestream Partners L.P. now owns 23,774 shares of the real estate investment trust’s stock valued at $2,166,000 after buying an additional 18,485 shares in the last quarter. Quantbot Technologies LP acquired a new stake in PennyMac Financial Services during the 1st quarter valued at $2,570,000. Finally, Vanguard Group Inc. increased its position in PennyMac Financial Services by 0.3% during the first quarter. Vanguard Group Inc. now owns 2,618,386 shares of the real estate investment trust’s stock worth $238,509,000 after buying an additional 8,345 shares in the last quarter. 57.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on PFSI shares. Wells Fargo & Company upped their price objective on PennyMac Financial Services from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods cut shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating and set a $102.00 price target on the stock. in a research note on Monday, July 22nd. Barclays boosted their price objective on shares of PennyMac Financial Services from $112.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Piper Sandler upped their price objective on shares of PennyMac Financial Services from $125.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com cut shares of PennyMac Financial Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $115.86.

Insiders Place Their Bets

In related news, Director Anne Mccallion sold 23,829 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $103.14, for a total value of $2,457,723.06. Following the transaction, the director now owns 1,854 shares in the company, valued at approximately $191,221.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Joseph F. Mazzella sold 11,396 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $97.92, for a total transaction of $1,115,896.32. Following the sale, the director now directly owns 105,446 shares in the company, valued at approximately $10,325,272.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Anne Mccallion sold 23,829 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $103.14, for a total value of $2,457,723.06. Following the transaction, the director now directly owns 1,854 shares in the company, valued at $191,221.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,855 shares of company stock worth $9,647,599 over the last three months. 16.60% of the stock is owned by insiders.

PennyMac Financial Services Price Performance

PennyMac Financial Services stock opened at $100.70 on Thursday. PennyMac Financial Services, Inc. has a 1 year low of $66.59 and a 1 year high of $119.13. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a 50 day moving average price of $107.96 and a 200 day moving average price of $98.53. The company has a market cap of $5.15 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 0.58 and a beta of 1.77.

PennyMac Financial Services (NYSE:PFSI) last announced its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($1.62). The company had revenue of $411.83 million during the quarter, compared to analyst estimates of $513.12 million. PennyMac Financial Services had a net margin of 11.45% and a return on equity of 15.28%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.77 EPS. Sell-side analysts predict that PennyMac Financial Services, Inc. will post 11.88 earnings per share for the current year.

PennyMac Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Monday, November 18th. PennyMac Financial Services’s dividend payout ratio (DPR) is presently 38.10%.

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.