PennyMac Financial Services, Inc. (NYSE:PFSI) Stock Holdings Raised by Rhumbline Advisers

Rhumbline Advisers lifted its position in shares of PennyMac Financial Services, Inc. (NYSE:PFSI) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,529 shares of the real estate investment trust’s stock after acquiring an additional 414 shares during the period. Rhumbline Advisers owned about 0.08% of PennyMac Financial Services worth $4,242,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PFSI. Harbor Capital Advisors Inc. acquired a new stake in shares of PennyMac Financial Services during the third quarter worth $37,000. KBC Group NV grew its stake in shares of PennyMac Financial Services by 20.3% in the third quarter. KBC Group NV now owns 1,340 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 226 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of PennyMac Financial Services by 23.7% during the third quarter. Quantbot Technologies LP now owns 1,516 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 290 shares during the period. Verition Fund Management LLC acquired a new stake in shares of PennyMac Financial Services in the 3rd quarter worth approximately $203,000. Finally, Hohimer Wealth Management LLC acquired a new position in shares of PennyMac Financial Services during the 3rd quarter valued at $236,000. 57.87% of the stock is currently owned by institutional investors.

PennyMac Financial Services Price Performance

Shares of PennyMac Financial Services stock opened at $103.61 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.38 and a debt-to-equity ratio of 3.22. PennyMac Financial Services, Inc. has a 1-year low of $83.03 and a 1-year high of $119.13. The firm has a fifty day simple moving average of $103.60 and a 200-day simple moving average of $104.99. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 0.19 and a beta of 1.78.

PennyMac Financial Services (NYSE:PFSI) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $2.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.21). PennyMac Financial Services had a net margin of 19.54% and a return on equity of 16.61%. On average, sell-side analysts expect that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current year.

PennyMac Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, February 23rd. Investors of record on Thursday, February 13th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.20 annualized dividend and a yield of 1.16%. PennyMac Financial Services’s dividend payout ratio (DPR) is 20.55%.

Insider Activity

In related news, insider James Follette sold 1,983 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $99.93, for a total transaction of $198,161.19. Following the completion of the transaction, the insider now owns 10,497 shares in the company, valued at approximately $1,048,965.21. The trade was a 15.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Spector sold 10,000 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $104.95, for a total value of $1,049,500.00. Following the completion of the sale, the chief executive officer now owns 170,604 shares of the company’s stock, valued at $17,904,889.80. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 136,795 shares of company stock valued at $13,933,450 over the last three months. 16.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PFSI shares. Piper Sandler cut their price target on shares of PennyMac Financial Services from $132.00 to $130.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Keefe, Bruyette & Woods dropped their price target on PennyMac Financial Services from $112.00 to $111.00 and set a “market perform” rating on the stock in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.17.

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.