PennyMac Financial Services, Inc. (NYSE:PFSI) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) by 72.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,269 shares of the real estate investment trust's stock after selling 8,642 shares during the quarter. SG Americas Securities LLC's holdings in PennyMac Financial Services were worth $334,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PFSI. The Manufacturers Life Insurance Company increased its holdings in shares of PennyMac Financial Services by 6.7% in the second quarter. The Manufacturers Life Insurance Company now owns 18,449 shares of the real estate investment trust's stock valued at $1,745,000 after purchasing an additional 1,166 shares during the last quarter. Algert Global LLC acquired a new stake in PennyMac Financial Services during the second quarter worth $408,000. Creative Planning increased its stake in PennyMac Financial Services by 59.9% during the second quarter. Creative Planning now owns 4,977 shares of the real estate investment trust's stock worth $471,000 after acquiring an additional 1,865 shares during the last quarter. nVerses Capital LLC acquired a new stake in PennyMac Financial Services during the third quarter worth $285,000. Finally, Blue Trust Inc. increased its stake in PennyMac Financial Services by 59.5% during the third quarter. Blue Trust Inc. now owns 702 shares of the real estate investment trust's stock worth $80,000 after acquiring an additional 262 shares during the last quarter. Institutional investors and hedge funds own 57.87% of the company's stock.

Insiders Place Their Bets

In other PennyMac Financial Services news, CEO David Spector sold 5,000 shares of PennyMac Financial Services stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $99.38, for a total value of $496,900.00. Following the sale, the chief executive officer now owns 165,604 shares of the company's stock, valued at approximately $16,457,725.52. The trade was a 2.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel Stanley Perotti sold 10,500 shares of PennyMac Financial Services stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $100.02, for a total value of $1,050,210.00. Following the completion of the sale, the chief financial officer now directly owns 225,497 shares in the company, valued at $22,554,209.94. This represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,844 shares of company stock valued at $15,079,791 in the last ninety days. Insiders own 16.60% of the company's stock.

PennyMac Financial Services Stock Down 0.9 %

NYSE:PFSI traded down $0.98 during midday trading on Friday, reaching $104.20. The company had a trading volume of 282,476 shares, compared to its average volume of 365,020. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 0.20 and a beta of 1.78. The stock's fifty day simple moving average is $104.38 and its 200-day simple moving average is $104.54. PennyMac Financial Services, Inc. has a 12-month low of $83.03 and a 12-month high of $119.13. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 2.75.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $2.88 earnings per share (EPS) 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 16.80%. On average, sell-side analysts anticipate that PennyMac Financial Services, Inc. will post 13.98 earnings per share for the current fiscal year.

PennyMac Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, February 23rd. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, February 13th. PennyMac Financial Services's dividend payout ratio (DPR) is 20.55%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wedbush reissued an "outperform" rating and set a $130.00 target price on shares of PennyMac Financial Services in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods cut 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 note on Tuesday, December 10th. Wells Fargo & Company raised their target price on PennyMac Financial Services from $110.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Finally, Piper Sandler cut their target price 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. 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. According to data from MarketBeat, PennyMac Financial Services presently has a consensus rating of "Moderate Buy" and an average price target of $122.17.

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.