PennyMac Financial Services, Inc. (NYSE:PFSI) CFO Sells $1,065,645.00 in Stock

PennyMac Financial Services, Inc. (NYSE:PFSI - Get Free Report) CFO Daniel Stanley Perotti sold 10,500 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $101.49, for a total transaction of $1,065,645.00. Following the completion of the transaction, the chief financial officer now directly owns 214,997 shares of the company's stock, valued at approximately $21,820,045.53. The trade was a 4.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Daniel Stanley Perotti also recently made the following trade(s):

• On Friday, December 20th, Daniel Stanley Perotti sold 16,481 shares of PennyMac Financial Services stock. The stock was sold at an average price of $101.56, for a total value of $1,673,810.36.

PennyMac Financial Services Stock Up 0.6 %

Shares of PennyMac Financial Services stock traded up $0.65 on Friday, reaching $101.57. The company's stock had a trading volume of 208,698 shares, compared to its average volume of 337,835. PennyMac Financial Services, Inc. has a 52 week low of $83.03 and a 52 week high of $119.13. The firm's fifty day simple moving average is $103.65 and its two-hundred day simple moving average is $104.72. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 2.75. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 0.19 and a beta of 1.78.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last issued its quarterly earnings results 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 net margin of 19.54% and a return on equity of 16.80%. Equities analysts anticipate that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current year.

PennyMac Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, February 23rd. Investors of record on Thursday, February 13th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.18%. PennyMac Financial Services's dividend payout ratio is 20.55%.

Hedge Funds Weigh In On PennyMac Financial Services

Institutional investors have recently bought and sold shares of the stock. Creative Planning boosted its holdings in shares of PennyMac Financial Services by 17.7% during the 3rd quarter. Creative Planning now owns 5,856 shares of the real estate investment trust's stock valued at $667,000 after purchasing an additional 879 shares during the last quarter. Blue Trust Inc. lifted its position in shares of PennyMac Financial Services by 59.5% in the third quarter. Blue Trust Inc. now owns 702 shares of the real estate investment trust's stock worth $80,000 after buying an additional 262 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in PennyMac Financial Services during the third quarter valued at approximately $37,000. Summit Global Investments bought a new position in PennyMac Financial Services during the third quarter valued at approximately $605,000. Finally, GSA Capital Partners LLP purchased a new position in PennyMac Financial Services during the 3rd quarter valued at approximately $347,000. 57.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PFSI shares. Piper Sandler decreased their price objective on PennyMac Financial Services from $132.00 to $130.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Wells Fargo & Company upped their price objective on shares of PennyMac Financial Services from $110.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods lowered 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 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's stock. According to data from MarketBeat, PennyMac Financial Services currently has a consensus rating of "Moderate Buy" and a consensus 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.