Doug Jones Sells 8,373 Shares of PennyMac Financial Services, Inc. (NYSE:PFSI) Stock

PennyMac Financial Services, Inc. (NYSE:PFSI) Director Doug Jones sold 8,373 shares of PennyMac Financial Services stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $102.95, for a total transaction of $862,000.35. Following the transaction, the director now directly owns 19,056 shares in the company, valued at approximately $1,961,815.20. The trade was a 30.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Doug Jones also recently made the following trade(s):

• On Thursday, December 26th, Doug Jones sold 7,882 shares of PennyMac Financial Services stock. The shares were sold at an average price of $103.16, for a total value of $813,107.12.
• On Friday, December 20th, Doug Jones sold 600 shares of PennyMac Financial Services stock. The stock was sold at an average price of $102.04, for a total transaction of $61,224.00.
• On Tuesday, December 24th, Doug Jones sold 23,229 shares of PennyMac Financial Services stock. The shares were sold at an average price of $101.51, for a total value of $2,357,975.79.

PennyMac Financial Services Trading Up 0.8 %

Shares of NYSE:PFSI opened at $101.82 on Friday. The business’s 50 day moving average price is $103.61 and its 200-day moving average price is $105.17. PennyMac Financial Services, Inc. has a 1 year low of $83.03 and a 1 year high of $119.13. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 0.19 and a beta of 1.90. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.26 and a quick ratio of 0.38.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings results 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 return on equity of 16.61% and a net margin of 19.54%. On average, equities research analysts forecast that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current fiscal year.

PennyMac Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, February 23rd. Shareholders of record on Thursday, February 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, February 13th. PennyMac Financial Services’s dividend payout ratio (DPR) is presently 20.55%.

Institutional Investors Weigh In On PennyMac Financial Services

Several hedge funds and other institutional investors have recently bought and sold shares of the company. ProShare Advisors LLC grew its stake in shares of PennyMac Financial Services by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 7,530 shares of the real estate investment trust’s stock valued at $769,000 after buying an additional 2,478 shares during the period. Millennium Management LLC grew its position in PennyMac Financial Services by 104.5% in the fourth quarter. Millennium Management LLC now owns 518,574 shares of the real estate investment trust’s stock worth $52,967,000 after acquiring an additional 264,956 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in PennyMac Financial Services by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,217 shares of the real estate investment trust’s stock worth $1,554,000 after acquiring an additional 606 shares during the last quarter. Interval Partners LP increased its stake in PennyMac Financial Services by 379.7% during the fourth quarter. Interval Partners LP now owns 39,320 shares of the real estate investment trust’s stock worth $4,016,000 after acquiring an additional 31,123 shares during the last quarter. Finally, Crestline Management LP purchased a new stake in PennyMac Financial Services in the fourth quarter valued at $974,000. 57.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PFSI shares. Piper Sandler cut their price objective on shares of PennyMac Financial Services from $132.00 to $130.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Keefe, Bruyette & Woods dropped their price objective on shares of PennyMac Financial Services from $112.00 to $111.00 and set a “market perform” rating on the stock in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, PennyMac Financial Services currently has an average rating of “Moderate Buy” and an average 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.