Teacher Retirement System of Texas Makes New $518,000 Investment in PennyMac Financial Services, Inc. (NYSE:PFSI)

Teacher Retirement System of Texas acquired a new stake in PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 5,074 shares of the real estate investment trust's stock, valued at approximately $518,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Boston Partners increased its stake in shares of PennyMac Financial Services by 50.1% in the fourth quarter. Boston Partners now owns 497,080 shares of the real estate investment trust's stock valued at $51,313,000 after buying an additional 165,997 shares during the period. Cibc World Markets Corp acquired a new position in shares of PennyMac Financial Services during the fourth quarter valued at about $255,000. Edgestream Partners L.P. boosted its stake in PennyMac Financial Services by 73.0% during the 4th quarter. Edgestream Partners L.P. now owns 39,078 shares of the real estate investment trust's stock valued at $3,991,000 after purchasing an additional 16,495 shares during the last quarter. Inceptionr LLC purchased a new stake in PennyMac Financial Services in the 4th quarter valued at $685,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of 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 valued at $46,352,000 after purchasing an additional 6,459 shares in the last quarter. Institutional investors own 57.87% of the company's stock.

PennyMac Financial Services Trading Up 3.6 %

Shares of PFSI stock traded up $3.65 on Wednesday, reaching $103.66. 419,884 shares of the company's stock were exchanged, compared to its average volume of 281,619. The company's fifty day simple moving average is $102.58 and its 200 day simple moving average is $104.36. The stock has a market capitalization 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 current ratio of 0.26, a quick ratio of 0.38 and a debt-to-equity ratio of 3.22. PennyMac Financial Services, Inc. has a 52 week low of $83.03 and a 52 week high of $119.13.

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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 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%. As a group, analysts forecast that PennyMac Financial Services, Inc. will post 13.77 EPS for the current year.

PennyMac Financial Services Dividend Announcement

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

Insider Activity

In other news, CRO Abbie Tidmore sold 2,669 shares of PennyMac Financial Services stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $102.55, for a total transaction of $273,705.95. Following the sale, the executive now owns 4,878 shares of the company's stock, valued at approximately $500,238.90. The trade was a 35.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Doug Jones sold 8,373 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $102.95, for a total value of $862,000.35. Following the sale, the director now directly owns 19,056 shares of the company's stock, valued at $1,961,815.20. The trade was a 30.53 % 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. Company insiders own 16.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PFSI. Piper Sandler reduced their price objective on PennyMac Financial Services from $132.00 to $130.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Keefe, Bruyette & Woods lowered 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, PennyMac Financial Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.17.

PennyMac Financial Services Company 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.