Quantbot Technologies LP Has $414,000 Stake in PennyMac Financial Services, Inc. (NYSE:PFSI)

Quantbot Technologies LP boosted its stake in shares of PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) by 167.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,057 shares of the real estate investment trust's stock after acquiring 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.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PFSI. KBC Group NV increased its holdings in shares of PennyMac Financial Services by 15.6% in the fourth quarter. KBC Group NV now owns 1,549 shares of the real estate investment trust's stock valued at $158,000 after purchasing an additional 209 shares in the last quarter. Dakota Wealth Management raised its position in shares of PennyMac Financial Services by 2.6% during the fourth quarter. Dakota Wealth Management now owns 14,578 shares of the real estate investment trust's stock worth $1,489,000 after acquiring an additional 374 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of PennyMac Financial Services by 54.7% during the fourth 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. Rhumbline Advisers boosted its holdings in PennyMac Financial Services by 1.0% in the fourth quarter. Rhumbline Advisers now owns 41,529 shares of the real estate investment trust's stock valued at $4,242,000 after acquiring an additional 414 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. increased its position in PennyMac Financial Services by 38.3% in the third quarter. Northwest & Ethical Investments L.P. now owns 2,330 shares of the real estate investment trust's stock worth $266,000 after purchasing an additional 645 shares during the period. Institutional investors and hedge funds own 57.87% of the company's stock.

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PennyMac Financial Services Trading Up 4.1 %

Shares of PFSI traded up $4.11 during trading hours on Wednesday, reaching $104.12. The stock had a trading volume of 88,068 shares, compared to its average volume of 280,100. The firm has a 50-day moving average of $102.70 and a 200 day moving average of $104.37. The company has a quick ratio of 0.38, a current ratio of 0.26 and a debt-to-equity ratio of 3.22. The company has a market cap of $5.36 billion, a P/E ratio of 17.83, a P/E/G ratio of 0.19 and a beta of 1.90. 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 released 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 fiscal year.

PennyMac Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, February 23rd. Stockholders of record on Thursday, February 13th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, February 13th. PennyMac Financial Services's dividend payout ratio (DPR) is presently 20.55%.

Analyst Ratings Changes

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

Insider Transactions at PennyMac Financial Services

In related news, insider Derek Stark sold 588 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $101.52, for a total transaction of $59,693.76. Following the completion of the transaction, the insider now directly owns 25,621 shares in the company, valued at approximately $2,601,043.92. This trade represents a 2.24 % 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 hyperlink. Also, CRO Abbie Tidmore sold 2,669 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $102.55, for a total value of $273,705.95. Following the transaction, the executive now directly owns 4,878 shares of the company's stock, valued at approximately $500,238.90. This trade represents a 35.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,054 shares of company stock valued at $4,478,386 over the last quarter. Corporate insiders own 16.60% of the company's stock.

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.