Quantbot Technologies LP Raises Position in PennyMac Financial Services, Inc. (NYSE:PFSI)

Quantbot Technologies LP raised its position in PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) by 167.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,057 shares of the real estate investment trust's stock after purchasing an additional 2,541 shares during the quarter. Quantbot Technologies LP's holdings in PennyMac Financial Services were worth $414,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its holdings 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 buying an additional 389 shares during the last quarter. KBC Group NV increased its position 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 valued at $158,000 after acquiring an additional 209 shares during the period. Verition Fund Management LLC bought a new position in shares of PennyMac Financial Services during the third quarter valued at $203,000. Hohimer Wealth Management LLC acquired a new position in shares of PennyMac Financial Services during the third quarter worth $236,000. Finally, Cibc World Markets Corp bought a new stake in shares of PennyMac Financial Services in the fourth quarter worth $255,000. 57.87% of the stock is owned by institutional investors and hedge funds.

PennyMac Financial Services Trading Up 3.6 %

Shares of PFSI stock traded up $3.65 during mid-day trading on Wednesday, hitting $103.66. The company's stock had a trading volume of 419,884 shares, compared to its average volume of 281,619. The company has a market cap of $5.33 billion, a PE ratio of 17.75, 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 quick ratio of 0.38 and a current ratio of 0.26. The company's fifty day simple moving average is $102.58 and its 200-day simple moving average is $104.36. PennyMac Financial Services, Inc. has a 52 week low of $83.03 and a 52 week high of $119.13.

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 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%. As a group, equities research analysts expect that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current fiscal year.

PennyMac Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, February 23rd. Investors of record on Thursday, February 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.16%. The ex-dividend date was Thursday, February 13th. PennyMac Financial Services's dividend payout ratio is presently 20.55%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PFSI. Keefe, Bruyette & Woods lowered 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 report on Tuesday, December 10th. Piper Sandler lowered their price objective on PennyMac Financial Services from $132.00 to $130.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $122.17.

Insider Buying and Selling

In other news, CEO David Spector sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $99.38, for a total transaction of $496,900.00. Following the completion of the sale, the chief executive officer now owns 165,604 shares in the company, valued at $16,457,725.52. The trade was a 2.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Daniel Stanley Perotti sold 10,500 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $101.49, for a total value of $1,065,645.00. Following the completion of the transaction, the chief financial officer now owns 214,997 shares in the company, valued at approximately $21,820,045.53. This represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,054 shares of company stock valued at $4,478,386 over the last ninety days. 16.60% of the stock is owned by corporate insiders.

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.