PennyMac Financial Services, Inc. (NYSE:PFSI) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC decreased its stake in shares of PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 120,940 shares of the real estate investment trust's stock after selling 5,514 shares during the period. Brandywine Global Investment Management LLC owned 0.24% of PennyMac Financial Services worth $12,353,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. KBC Group NV raised its position in shares of 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 buying an additional 209 shares during the period. Quantbot Technologies LP increased its stake in PennyMac Financial Services by 23.7% during the third quarter. Quantbot Technologies LP now owns 1,516 shares of the real estate investment trust's stock worth $173,000 after acquiring an additional 290 shares during the last quarter. Dakota Wealth Management raised its holdings in shares of PennyMac Financial Services by 2.6% in the 4th quarter. Dakota Wealth Management now owns 14,578 shares of the real estate investment trust's stock worth $1,489,000 after purchasing an additional 374 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of PennyMac Financial Services by 54.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,100 shares of the real estate investment trust's stock worth $112,000 after purchasing an additional 389 shares during the period. Finally, Rhumbline Advisers increased its position in PennyMac Financial Services by 1.0% during the 4th quarter. Rhumbline Advisers now owns 41,529 shares of the real estate investment trust's stock worth $4,242,000 after purchasing an additional 414 shares in the last quarter. Hedge funds and other institutional investors own 57.87% of the company's stock.

PennyMac Financial Services Stock Down 0.2 %

Shares of PennyMac Financial Services stock opened at $100.12 on Tuesday. PennyMac Financial Services, Inc. has a 1-year low of $83.03 and a 1-year high of $119.13. The company has a market capitalization of $5.15 billion, a PE ratio of 17.14, a P/E/G ratio of 0.19 and a beta of 1.90. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.26 and a quick ratio of 0.38. The business has a 50-day moving average of $102.87 and a 200-day moving average of $104.47.

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PennyMac Financial Services (NYSE:PFSI - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $2.88 earnings per share for the quarter, missing analysts' consensus estimates of $3.09 by ($0.21). PennyMac Financial Services had a net margin of 19.54% and a return on equity of 16.61%. As a group, equities analysts forecast that PennyMac Financial Services, Inc. will post 13.77 EPS for the current fiscal year.

PennyMac Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, February 23rd. Investors of record on Thursday, February 13th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.20 annualized dividend and a yield of 1.20%. PennyMac Financial Services's dividend payout ratio is presently 20.55%.

Insider Buying and Selling at PennyMac Financial Services

In other PennyMac Financial Services news, insider Derek Stark sold 2,110 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $103.07, for a total transaction of $217,477.70. Following the transaction, the insider now owns 26,209 shares of the company's stock, valued at $2,701,361.63. This trade represents a 7.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James Follette sold 1,983 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $99.93, for a total value of $198,161.19. Following the completion of the sale, the insider now owns 10,497 shares of the company's stock, valued at $1,048,965.21. This trade represents a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,054 shares of company stock worth $4,478,386 in the last ninety days. 16.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PFSI. Piper Sandler cut 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 research note on Friday, January 31st. Keefe, Bruyette & Woods cut their price objective on PennyMac Financial Services from $112.00 to $111.00 and set a "market perform" rating on the stock in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $122.17.

About PennyMac Financial Services

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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