PennyMac Financial Services, Inc. (NYSE:PFSI - Get Free Report) insider Mark Elbaum sold 410 shares of PennyMac Financial Services stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $102.88, for a total value of $42,180.80. Following the completion of the transaction, the insider now directly owns 4,207 shares of the company's stock, valued at $432,816.16. This represents a 8.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
PennyMac Financial Services Stock Performance
Shares of PFSI traded up $4.25 during midday trading on Friday, reaching $93.53. 730,764 shares of the stock were exchanged, compared to its average volume of 298,337. PennyMac Financial Services, Inc. has a twelve month low of $83.03 and a twelve month high of $119.13. The company has a market cap of $4.81 billion, a P/E ratio of 16.02, a PEG ratio of 0.19 and a beta of 1.73. The stock's 50 day simple moving average is $100.09 and its 200 day simple moving average is $103.26. 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 results on Thursday, January 30th. The real estate investment trust reported $2.88 EPS for the quarter, missing analysts' consensus estimates of $3.09 by ($0.21). PennyMac Financial Services had a return on equity of 16.61% and a net margin of 19.54%. On average, sell-side analysts expect that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current year.
PennyMac Financial Services Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Sunday, February 23rd. Shareholders of record on Thursday, February 13th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.28%. PennyMac Financial Services's dividend payout ratio (DPR) is currently 20.55%.
Institutional Investors Weigh In On PennyMac Financial Services
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in PennyMac Financial Services by 0.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 96,324 shares of the real estate investment trust's stock worth $10,978,000 after acquiring an additional 669 shares during the last quarter. Verition Fund Management LLC bought a new stake in PennyMac Financial Services during the third quarter worth about $203,000. HighTower Advisors LLC bought a new position in shares of PennyMac Financial Services during the third quarter valued at about $702,000. State Street Corp boosted its position in PennyMac Financial Services by 6.0% during the 3rd quarter. State Street Corp now owns 911,741 shares of the real estate investment trust's stock valued at $103,911,000 after buying an additional 51,777 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of PennyMac Financial Services during the third quarter valued at approximately $614,000. 57.87% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
PFSI has been the subject of a number of analyst reports. 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 research note on Friday, January 31st. Keefe, Bruyette & Woods upgraded shares of 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. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat.com, PennyMac Financial Services has an average rating of "Moderate Buy" and a consensus price target of $122.67.
Get Our Latest Analysis on PennyMac Financial Services
About PennyMac Financial Services
(
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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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