PennyMac Financial Services, Inc. (NYSE:PFSI - Get Free Report) insider James Follette sold 1,983 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $99.93, for a total transaction of $198,161.19. Following the completion of the sale, the insider now directly owns 10,497 shares in the company, valued at $1,048,965.21. This represents a 15.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
PennyMac Financial Services Stock Performance
Shares of PennyMac Financial Services stock traded down $0.03 during trading on Monday, hitting $103.62. 291,119 shares of the stock were exchanged, compared to its average volume of 344,298. The stock's fifty day moving average is $103.65 and its 200 day moving average is $105.12. The stock has a market cap of $5.33 billion, a PE ratio of 17.74, a P/E/G ratio of 0.19 and a beta of 1.78. 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.
PennyMac Financial Services (NYSE:PFSI - Get Free Report) last released its quarterly 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 return on equity of 16.61% and a net margin of 19.54%. As a group, sell-side analysts anticipate that PennyMac Financial Services, Inc. will post 13.77 EPS for the current year.
PennyMac Financial Services Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Sunday, February 23rd. Stockholders of record on Thursday, February 13th were given 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 dividend yield of 1.16%. PennyMac Financial Services's dividend payout ratio is currently 20.55%.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Piper Sandler dropped their target price 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 dropped their target price on shares of PennyMac Financial Services from $112.00 to $111.00 and set a "market perform" rating on the stock 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 stock. Based on data from MarketBeat.com, PennyMac Financial Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.17.
Check Out Our Latest Stock Report on PFSI
Hedge Funds Weigh In On PennyMac Financial Services
Institutional investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in shares of PennyMac Financial Services during the third quarter worth about $37,000. TD Waterhouse Canada Inc. bought a new position in PennyMac Financial Services in the 4th quarter valued at about $39,000. Sterling Capital Management LLC grew its position in PennyMac Financial Services by 601.8% in the 4th quarter. Sterling Capital Management LLC now owns 400 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 343 shares in the last quarter. Aquatic Capital Management LLC bought a new position in PennyMac Financial Services in the 4th quarter valued at about $71,000. Finally, Blue Trust Inc. grew its position in PennyMac Financial Services by 59.5% in the 3rd quarter. Blue Trust Inc. now owns 702 shares of the real estate investment trust's stock valued at $80,000 after buying an additional 262 shares in the last quarter. Institutional investors own 57.87% of the company's stock.
PennyMac Financial Services Company Profile
(
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.
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