XTX Topco Ltd Buys Shares of 5,384 PennyMac Financial Services, Inc. (NYSE:PFSI)

XTX Topco Ltd acquired a new position in shares of PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,384 shares of the real estate investment trust's stock, valued at approximately $614,000.

Several other institutional investors and hedge funds have also made changes to their positions in PFSI. SG Americas Securities LLC boosted its position in shares of PennyMac Financial Services by 36.9% during the 2nd quarter. SG Americas Securities LLC now owns 3,040 shares of the real estate investment trust's stock worth $288,000 after acquiring an additional 820 shares in the last quarter. Blue Trust Inc. boosted its position in shares of PennyMac Financial Services by 1,529.6% during the 2nd quarter. Blue Trust Inc. now owns 440 shares of the real estate investment trust's stock worth $40,000 after acquiring an additional 413 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of PennyMac Financial Services by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 182,245 shares of the real estate investment trust's stock valued at $17,240,000 after purchasing an additional 4,930 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of PennyMac Financial Services by 10.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,554 shares of the real estate investment trust's stock valued at $904,000 after purchasing an additional 935 shares during the last quarter. Finally, Picton Mahoney Asset Management lifted its holdings in shares of PennyMac Financial Services by 25.3% in the 2nd quarter. Picton Mahoney Asset Management now owns 59,293 shares of the real estate investment trust's stock valued at $5,609,000 after purchasing an additional 11,964 shares during the last quarter. 57.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PFSI shares. Piper Sandler boosted their target price on PennyMac Financial Services from $125.00 to $132.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Wells Fargo & Company boosted their target price on PennyMac Financial Services from $110.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Wedbush reissued an "outperform" rating and issued a $130.00 target price on shares of PennyMac Financial Services in a report on Wednesday, October 23rd. Barclays boosted their target price on PennyMac Financial Services from $112.00 to $125.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods reduced their target price on PennyMac Financial Services from $112.00 to $111.00 and set a "market perform" rating for the company in a report on Tuesday. One investment 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $122.50.

PennyMac Financial Services Stock Performance

PFSI traded down $0.62 on Friday, hitting $104.45. 160,390 shares of the company traded hands, compared to its average volume of 255,696. The company has a 50 day moving average of $104.78 and a 200-day moving average of $101.51. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 2.75. The stock has a market capitalization of $5.35 billion, a PE ratio of 33.34 and a beta of 1.78. PennyMac Financial Services, Inc. has a 12-month low of $81.93 and a 12-month high of $119.13.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $1.30 EPS for the quarter, missing the consensus estimate of $2.92 by ($1.62). The company had revenue of $411.83 million for the quarter, compared to analysts' expectations of $513.12 million. PennyMac Financial Services had a net margin of 11.45% and a return on equity of 15.13%. The firm's revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.77 earnings per share. Sell-side analysts anticipate that PennyMac Financial Services, Inc. will post 11.88 earnings per share for the current year.

PennyMac Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Monday, November 18th. PennyMac Financial Services's dividend payout ratio (DPR) is 38.10%.

Insider Transactions at PennyMac Financial Services

In other news, CFO Daniel Stanley Perotti sold 10,500 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $100.02, for a total transaction of $1,050,210.00. Following the completion of the transaction, the chief financial officer now directly owns 225,497 shares of the company's stock, valued at approximately $22,554,209.94. This represents a 4.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Steven Richard Bailey sold 14,130 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $116.88, for a total value of $1,651,514.40. Following the completion of the sale, the insider now owns 14,670 shares in the company, valued at approximately $1,714,629.60. This represents a 49.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 78,162 shares of company stock valued at $8,540,526. Corporate insiders own 16.60% of the company's stock.

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.