Swiss National Bank Has $6.17 Million Stake in PennyMac Financial Services, Inc. (NYSE:PFSI)

Swiss National Bank reduced its stake in PennyMac Financial Services, Inc. (NYSE:PFSI) by 28.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,400 shares of the real estate investment trust’s stock after selling 24,100 shares during the quarter. Swiss National Bank owned 0.12% of PennyMac Financial Services worth $6,169,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV grew its stake in shares of PennyMac Financial Services by 15.6% during the 4th quarter. KBC Group NV now owns 1,549 shares of the real estate investment trust’s stock worth $158,000 after acquiring an additional 209 shares in the last quarter. Quantbot Technologies LP grew its position in PennyMac Financial Services by 23.7% in 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 in the last quarter. Dakota Wealth Management increased its stake in PennyMac Financial Services by 2.6% in the 4th quarter. Dakota Wealth Management now owns 14,578 shares of the real estate investment trust’s stock valued at $1,489,000 after buying an additional 374 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in PennyMac Financial Services by 54.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,100 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 389 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of PennyMac Financial Services by 1.0% during the 4th quarter. Rhumbline Advisers now owns 41,529 shares of the real estate investment trust’s stock worth $4,242,000 after buying an additional 414 shares during the last quarter. 57.87% of the stock is owned by institutional investors and hedge funds.

PennyMac Financial Services Trading Down 0.4 %

PennyMac Financial Services stock opened at $101.18 on Monday. The stock has a 50-day simple moving average of $103.18 and a 200 day simple moving average of $104.75. The stock has a market capitalization of $5.20 billion, a P/E ratio of 17.32, a PEG ratio of 0.19 and a beta of 1.90. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.38 and a current ratio of 0.26. PennyMac Financial Services, Inc. has a 52 week low of $83.03 and a 52 week high of $119.13.

PennyMac Financial Services (NYSE:PFSI) last issued its earnings results on Thursday, January 30th. The real estate investment trust reported $2.88 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.21). PennyMac Financial Services had a return on equity of 16.61% and a net margin of 19.54%. Analysts expect that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current year.

PennyMac Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, February 23rd. Shareholders of record on Thursday, February 13th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.20 annualized dividend and a dividend yield of 1.19%. PennyMac Financial Services’s dividend payout ratio is currently 20.55%.

Analyst Ratings Changes

A number of research firms recently issued reports on PFSI. Keefe, Bruyette & Woods lowered their target price 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. Piper Sandler lowered their price target on PennyMac Financial Services from $132.00 to $130.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.17.

Insider Activity

In other news, insider Derek Stark sold 588 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $101.52, for a total value of $59,693.76. Following the transaction, the insider now owns 25,621 shares of the company’s stock, valued at approximately $2,601,043.92. This represents a 2.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Spector sold 5,000 shares of PennyMac Financial Services stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $99.38, for a total value of $496,900.00. Following the sale, the chief executive officer now directly owns 165,604 shares of the company’s stock, valued at approximately $16,457,725.52. The trade was a 2.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,496 shares of company stock valued at $7,375,763 over the last ninety days. 16.60% of the stock is currently owned by company insiders.

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.