American Century Companies Inc. Has $36.12 Million Stake in PennyMac Financial Services, Inc. (NYSE:PFSI)

American Century Companies Inc. boosted its stake in PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 353,631 shares of the real estate investment trust's stock after buying an additional 11,765 shares during the quarter. American Century Companies Inc. owned approximately 0.69% of PennyMac Financial Services worth $36,120,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Parkside Financial Bank & Trust boosted its stake in shares of PennyMac Financial Services by 54.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,100 shares of the real estate investment trust's stock valued at $112,000 after purchasing an additional 389 shares in the last quarter. KBC Group NV lifted its holdings in 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 valued at $158,000 after purchasing an additional 209 shares during the last quarter. Quantbot Technologies LP lifted its holdings in PennyMac Financial Services by 23.7% during the 3rd 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 last quarter. Verition Fund Management LLC acquired a new position in PennyMac Financial Services in the third quarter valued at about $203,000. Finally, Hohimer Wealth Management LLC bought a new stake in PennyMac Financial Services during the third quarter worth about $236,000. 57.87% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PFSI shares. Keefe, Bruyette & Woods cut their target price 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 cut their price objective 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. One equities research 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $122.17.

Insider Buying and Selling at PennyMac Financial Services

In related news, CRO Abbie Tidmore sold 2,669 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $102.55, for a total value of $273,705.95. Following the completion of the sale, the executive now owns 4,878 shares in the company, valued at approximately $500,238.90. This represents a 35.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Derek Stark sold 2,110 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $103.07, for a total value of $217,477.70. Following the transaction, the insider now owns 26,209 shares in the company, valued at approximately $2,701,361.63. This trade represents a 7.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,054 shares of company stock worth $4,478,386. Company insiders own 16.60% of the company's stock.

PennyMac Financial Services Price Performance

Shares of PennyMac Financial Services stock traded up $3.99 during midday trading on Wednesday, reaching $104.00. The company had a trading volume of 93,238 shares, compared to its average volume of 280,180. The company has a current ratio of 0.26, a quick ratio of 0.38 and a debt-to-equity ratio of 3.22. The stock has a fifty day simple moving average of $102.70 and a 200 day simple moving average of $104.37. PennyMac Financial Services, Inc. has a 1-year low of $83.03 and a 1-year high of $119.13. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 0.19 and a beta of 1.90.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last released 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 net margin of 19.54% and a return on equity of 16.61%. As a group, equities research analysts forecast that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current year.

PennyMac Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, February 23rd. Shareholders of record on Thursday, February 13th were issued 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 1.15%. PennyMac Financial Services's dividend payout ratio is currently 20.55%.

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.