PennyMac Financial Services, Inc. (NYSE:PFSI - Get Free Report) Director Doug Jones sold 8,373 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $102.95, for a total value of $862,000.35. Following the completion of the transaction, the director now directly owns 19,056 shares of the company's stock, valued at $1,961,815.20. The trade was a 30.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Doug Jones also recently made the following trade(s):
- On Thursday, December 26th, Doug Jones sold 7,882 shares of PennyMac Financial Services stock. The shares were sold at an average price of $103.16, for a total value of $813,107.12.
- On Friday, December 20th, Doug Jones sold 600 shares of PennyMac Financial Services stock. The shares were sold at an average price of $102.04, for a total value of $61,224.00.
- On Tuesday, December 24th, Doug Jones sold 23,229 shares of PennyMac Financial Services stock. The shares were sold at an average price of $101.51, for a total value of $2,357,975.79.
PennyMac Financial Services Price Performance
Shares of PFSI traded up $0.81 during trading hours on Friday, hitting $101.82. 256,854 shares of the stock were exchanged, compared to its average volume of 339,433. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.38 and a current ratio of 0.26. PennyMac Financial Services, Inc. has a 12-month low of $83.03 and a 12-month high of $119.13. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 0.19 and a beta of 1.90. The stock's 50-day moving average price is $103.61 and its two-hundred day moving average price is $105.17.
PennyMac Financial Services (NYSE:PFSI - Get Free Report) last issued its 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 net margin of 19.54% and a return on equity of 16.61%. Research analysts expect 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 was paid on Sunday, February 23rd. Shareholders of record on Thursday, February 13th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, February 13th. PennyMac Financial Services's payout ratio is currently 20.55%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on PFSI shares. Piper Sandler reduced their target price on 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. Keefe, Bruyette & Woods reduced 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 equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, PennyMac Financial Services currently has an average rating of "Moderate Buy" and a consensus target price of $122.17.
Read Our Latest Analysis on PFSI
Institutional Trading of PennyMac Financial Services
Several large investors have recently added to or reduced their stakes in PFSI. Harbor Capital Advisors Inc. purchased a new stake in PennyMac Financial Services in the 3rd quarter valued at $37,000. Summit Global Investments purchased a new position in shares of PennyMac Financial Services during the 3rd quarter worth $605,000. GSA Capital Partners LLP purchased a new position in shares of PennyMac Financial Services during the 3rd quarter worth $347,000. Aigen Investment Management LP purchased a new position in shares of PennyMac Financial Services during the 3rd quarter worth $280,000. Finally, KBC Group NV grew its holdings in shares of PennyMac Financial Services by 20.3% during the 3rd quarter. KBC Group NV now owns 1,340 shares of the real estate investment trust's stock worth $153,000 after purchasing an additional 226 shares during the period. 57.87% of the stock is currently owned by hedge funds and other institutional investors.
About PennyMac Financial Services
(
Get Free Report)
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.
See Also
Before you consider PennyMac Financial Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PennyMac Financial Services wasn't on the list.
While PennyMac Financial Services currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
