PennyMac Financial Services, Inc. (NYSE:PFSI) Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in shares of PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) by 28.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,400 shares of the real estate investment trust's stock after selling 24,100 shares during the quarter. Swiss National Bank owned 0.12% of PennyMac Financial Services worth $6,169,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Edgestream Partners L.P. increased its position in shares of PennyMac Financial Services by 73.0% in the fourth quarter. Edgestream Partners L.P. now owns 39,078 shares of the real estate investment trust's stock valued at $3,991,000 after buying an additional 16,495 shares in the last quarter. Inceptionr LLC purchased a new position in PennyMac Financial Services during the 4th quarter valued at about $685,000. Charles Schwab Investment Management Inc. raised its position in PennyMac Financial Services by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 453,810 shares of the real estate investment trust's stock worth $46,352,000 after acquiring an additional 6,459 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of PennyMac Financial Services by 54.7% in 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 purchasing an additional 389 shares in the last quarter. Finally, MorganRosel Wealth Management LLC grew its position in shares of PennyMac Financial Services by 60.4% in the fourth quarter. MorganRosel Wealth Management LLC now owns 11,728 shares of the real estate investment trust's stock valued at $1,198,000 after purchasing an additional 4,416 shares during the last quarter. 57.87% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PFSI. Piper Sandler cut 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. Keefe, Bruyette & Woods cut their price target on PennyMac Financial Services from $112.00 to $111.00 and set a "market perform" rating for the company in a report on Tuesday, December 10th. One 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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 on Wednesday, January 8th. The shares were 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 directly owns 165,604 shares of the company's stock, valued at $16,457,725.52. The trade was a 2.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James Follette sold 1,983 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $99.93, for a total value of $198,161.19. Following the completion of the transaction, the insider now directly owns 10,497 shares in the company, 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. Over the last quarter, insiders sold 44,054 shares of company stock valued at $4,478,386. Insiders own 16.60% of the company's stock.

PennyMac Financial Services Trading Down 0.9 %

Shares of PFSI stock traded down $0.97 during mid-day trading on Thursday, hitting $101.14. 203,912 shares of the company's stock were exchanged, compared to its average volume of 331,148. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 0.19 and a beta of 1.90. 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, Inc. has a fifty-two week low of $83.03 and a fifty-two week high of $119.13. The stock has a 50-day simple moving average of $103.28 and a two-hundred day simple moving average of $104.67.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last issued its quarterly 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 return on equity of 16.61% and a net margin of 19.54%. Equities analysts expect that PennyMac Financial Services, Inc. will post 13.77 EPS 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 issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.19%. PennyMac Financial Services's payout ratio is 20.55%.

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.