PennyMac Financial Services, Inc. (NYSE:PFSI) Insider Sells $100,003.52 in Stock

PennyMac Financial Services, Inc. (NYSE:PFSI) insider James Follette sold 992 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $100.81, for a total transaction of $100,003.52. Following the completion of the transaction, the insider now directly owns 7,338 shares in the company, valued at approximately $739,743.78. The trade was a 11.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

James Follette also recently made the following trade(s):

• On Tuesday, February 25th, James Follette sold 1,983 shares of PennyMac Financial Services stock. The shares were sold at an average price of $99.93, for a total transaction of $198,161.19.

PennyMac Financial Services Trading Up 0.8 %

Shares of PFSI stock opened at $101.82 on Monday. The company has a 50 day moving average of $103.61 and a 200-day moving average of $105.21. The company has a quick ratio of 0.38, a current ratio of 0.26 and a debt-to-equity ratio of 3.22. PennyMac Financial Services, Inc. has a 12-month low of $83.03 and a 12-month high of $119.13. The firm has a market cap of $5.24 billion, a P/E ratio of 17.43, a PEG ratio of 0.19 and a beta of 1.90.

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 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%. Sell-side analysts anticipate 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. Stockholders of record on Thursday, February 13th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.20 annualized dividend and a dividend yield of 1.18%. PennyMac Financial Services’s payout ratio is currently 20.55%.

Institutional Investors Weigh In On PennyMac Financial Services

Several large investors have recently modified their holdings of PFSI. Harbor Capital Advisors Inc. purchased a new stake in shares of PennyMac Financial Services during the 3rd quarter worth approximately $37,000. Summit Global Investments purchased a new position in PennyMac Financial Services in the 3rd quarter valued at approximately $605,000. GSA Capital Partners LLP purchased a new position in PennyMac Financial Services in the 3rd quarter valued at approximately $347,000. Aigen Investment Management LP purchased a new position in PennyMac Financial Services in the 3rd quarter valued at approximately $280,000. Finally, KBC Group NV grew its stake in PennyMac Financial Services by 20.3% in the 3rd quarter. KBC Group NV now owns 1,340 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 57.87% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of PennyMac Financial Services from $112.00 to $111.00 and set a “market perform” rating for the company in a research note on Tuesday, December 10th. Piper Sandler decreased their price objective on shares of PennyMac Financial Services from $132.00 to $130.00 and set an “overweight” rating for the company in a research note 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.