Jump Financial LLC Takes $306,000 Position in PennyMac Financial Services, Inc. (NYSE:PFSI)

Jump Financial LLC purchased a new position in PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,000 shares of the real estate investment trust's stock, valued at approximately $306,000.

A number of other large investors also recently bought and sold shares of the business. Sterling Capital Management LLC increased its position in shares of PennyMac Financial Services by 601.8% in the fourth 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. Parkside Financial Bank & Trust grew its stake in 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 acquiring an additional 389 shares during the period. KBC Group NV increased its holdings in PennyMac Financial Services by 15.6% in the 4th quarter. KBC Group NV now owns 1,549 shares of the real estate investment trust's stock worth $158,000 after acquiring an additional 209 shares in the last quarter. Polymer Capital Management US LLC acquired a new position in PennyMac Financial Services during the fourth quarter worth $217,000. Finally, Cibc World Markets Corp purchased a new position in PennyMac Financial Services during the fourth quarter valued at $255,000. Institutional investors and hedge funds own 57.87% of the company's stock.

Analyst Ratings Changes

PFSI has been the subject of a number of research reports. Piper Sandler cut their target price on shares of PennyMac Financial Services from $130.00 to $128.00 and set an "overweight" rating for the company in a research note on Wednesday. Wells Fargo & Company cut their price objective on PennyMac Financial Services from $125.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday. UBS Group decreased their target price on PennyMac Financial Services from $115.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods raised PennyMac Financial Services from a "market perform" rating to an "outperform" rating and set a $114.00 price target on the stock in a research note on Tuesday, April 8th. 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $121.17.

Insider Activity at PennyMac Financial Services

In related news, CEO David Spector sold 5,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $103.44, for a total value of $517,200.00. Following the sale, the chief executive officer now directly owns 150,604 shares in the company, valued at approximately $15,578,477.76. The trade was a 3.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Follette sold 1,983 shares of the company's stock in a transaction dated 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 transaction, the insider now directly owns 10,497 shares in the company, valued at $1,048,965.21. The trade was a 15.89 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,464 shares of company stock worth $4,540,867. Insiders own 16.60% of the company's stock.

PennyMac Financial Services Stock Down 1.5 %

Shares of NYSE:PFSI opened at $93.65 on Friday. PennyMac Financial Services, Inc. has a 52-week low of $84.93 and a 52-week high of $119.13. The stock has a market cap of $4.82 billion, a P/E ratio of 16.04, a PEG ratio of 0.19 and a beta of 1.73. The business has a fifty day moving average of $98.69 and a two-hundred day moving average of $102.27. 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 announced its quarterly earnings data on Tuesday, April 22nd. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.99 by ($1.57). PennyMac Financial Services had a net margin of 19.54% and a return on equity of 16.61%. The firm had revenue of $430.90 million during the quarter, compared to analysts' expectations of $520.42 million. During the same period in the prior year, the company posted $0.74 EPS. On average, 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 company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Wednesday, May 14th. PennyMac Financial Services's payout ratio is presently 18.40%.

PennyMac Financial Services 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.

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