Inceptionr LLC Acquires Shares of 6,705 PennyMac Financial Services, Inc. (NYSE:PFSI)

Inceptionr LLC acquired a new position in shares of PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,705 shares of the real estate investment trust's stock, valued at approximately $685,000.

A number of other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in PennyMac Financial Services in the 3rd quarter worth about $37,000. Parkside Financial Bank & Trust increased its holdings in PennyMac Financial Services by 54.7% in the fourth 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 during the last quarter. KBC Group NV raised its position in PennyMac Financial Services by 20.3% during the third quarter. KBC Group NV now owns 1,340 shares of the real estate investment trust's stock valued at $153,000 after acquiring an additional 226 shares in the last quarter. Quantbot Technologies LP lifted its stake 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 acquiring an additional 290 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in PennyMac Financial Services in the third quarter worth approximately $203,000. Institutional investors and hedge funds own 57.87% of the company's stock.

Insider Buying and Selling at PennyMac Financial Services

In other news, insider James Follette sold 1,983 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $99.93, for a total value of $198,161.19. Following the completion of the transaction, the insider now owns 10,497 shares in the company, valued at approximately $1,048,965.21. This represents a 15.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Daniel Stanley Perotti sold 16,481 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $101.56, for a total transaction of $1,673,810.36. Following the completion of the transaction, the chief financial officer now directly owns 37,501 shares of the company's stock, valued at $3,808,601.56. This trade represents a 30.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 150,697 shares of company stock valued at $15,327,924 in the last ninety days. Company insiders own 16.60% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Piper Sandler cut their price target 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 reduced their price target on PennyMac Financial Services from $112.00 to $111.00 and set a "market perform" rating for the company in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.17.

PennyMac Financial Services Stock Performance

PFSI stock traded up $0.99 during mid-day trading on Tuesday, reaching $96.80. 337,488 shares of the stock traded hands, compared to its average volume of 343,235. The firm has a market capitalization of $4.98 billion, a PE ratio of 16.57, a P/E/G ratio of 0.19 and a beta of 1.90. The business has a 50-day moving average of $103.50 and a two-hundred day moving average of $105.18. PennyMac Financial Services, Inc. has a 52 week low of $83.03 and a 52 week high of $119.13. 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 (NYSE:PFSI - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $2.88 earnings per share 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%. As a group, equities analysts predict that PennyMac Financial Services, Inc. will post 13.77 EPS for the current fiscal year.

PennyMac Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, February 23rd. Investors of record on Thursday, February 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.24%. The ex-dividend date was Thursday, February 13th. PennyMac Financial Services's 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.