PennyMac Financial Services, Inc. (NYSE:PFSI) CRO Sells $273,705.95 in Stock

PennyMac Financial Services, Inc. (NYSE:PFSI - Get Free Report) CRO Abbie Tidmore sold 2,669 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $102.55, for a total value of $273,705.95. Following the completion of the transaction, the executive now owns 4,878 shares in the company, valued at approximately $500,238.90. This trade represents a 35.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

PennyMac Financial Services Trading Down 0.9 %

Shares of NYSE:PFSI traded down $0.89 during midday trading on Friday, reaching $100.34. 239,577 shares of the company's stock were exchanged, compared to its average volume of 279,046. The firm's 50 day simple moving average is $103.02 and its two-hundred day simple moving average is $104.57. PennyMac Financial Services, Inc. has a fifty-two week low of $83.03 and a fifty-two week high of $119.13. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.26 and a quick ratio of 0.38. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 0.19 and a beta of 1.90.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $2.88 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%. As a group, sell-side analysts forecast that PennyMac Financial Services, Inc. will post 13.77 EPS for the current fiscal year.

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PennyMac Financial Services Dividend Announcement

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

Analyst Upgrades and Downgrades

PFSI has been the subject of a number of analyst reports. Piper Sandler dropped their price target on PennyMac Financial Services from $132.00 to $130.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Keefe, Bruyette & Woods cut their target price on 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $122.17.

Institutional Trading of PennyMac Financial Services

Several hedge funds have recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its position in shares of PennyMac Financial Services by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 7,530 shares of the real estate investment trust's stock worth $769,000 after purchasing an additional 2,478 shares during the last quarter. Millennium Management LLC lifted its holdings in PennyMac Financial Services by 104.5% during the 4th quarter. Millennium Management LLC now owns 518,574 shares of the real estate investment trust's stock worth $52,967,000 after buying an additional 264,956 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of PennyMac Financial Services by 4.1% during the 4th 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 in the last quarter. Interval Partners LP increased its holdings in shares of PennyMac Financial Services by 379.7% in the 4th quarter. Interval Partners LP now owns 39,320 shares of the real estate investment trust's stock valued at $4,016,000 after acquiring an additional 31,123 shares during the last quarter. Finally, Crestline Management LP acquired a new stake in shares of PennyMac Financial Services during the 4th quarter worth about $974,000. Institutional investors and hedge funds own 57.87% of the company's stock.

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.