PennyMac Financial Services, Inc. (NYSE:PFSI – Get Rating) Director Joseph F. Mazzella sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $54.87, for a total transaction of $713,310.00. Following the completion of the sale, the director now owns 174,891 shares in the company, valued at approximately $9,596,269.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
PennyMac Financial Services Trading Up 0.7 %
Shares of PFSI stock opened at $54.07 on Tuesday. PennyMac Financial Services, Inc. has a 1-year low of $38.53 and a 1-year high of $71.52. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.36. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 4.58 and a beta of 1.29. The stock has a 50-day moving average of $53.88 and a 200-day moving average of $50.62.
PennyMac Financial Services (NYSE:PFSI – Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $1.06. The firm had revenue of $511.52 million during the quarter, compared to analyst estimates of $475.70 million. PennyMac Financial Services had a net margin of 27.37% and a return on equity of 23.04%. On average, equities research analysts forecast that PennyMac Financial Services, Inc. will post 7.62 earnings per share for the current year.
PennyMac Financial Services Announces Dividend
Institutional Trading of PennyMac Financial Services
A number of large investors have recently bought and sold shares of PFSI. Nisa Investment Advisors LLC acquired a new stake in shares of PennyMac Financial Services during the 2nd quarter worth approximately $25,000. Point72 Hong Kong Ltd acquired a new stake in PennyMac Financial Services in the fourth quarter worth $58,000. Ensign Peak Advisors Inc bought a new stake in PennyMac Financial Services in the fourth quarter valued at $120,000. Captrust Financial Advisors raised its holdings in shares of PennyMac Financial Services by 75.9% during the second quarter. Captrust Financial Advisors now owns 2,890 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 1,247 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of PennyMac Financial Services by 19.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,932 shares of the real estate investment trust’s stock worth $156,000 after purchasing an additional 486 shares in the last quarter. 61.61% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on PFSI. Piper Sandler cut their price objective on PennyMac Financial Services from $82.00 to $79.00 and set an “overweight” rating on the stock in a report on Tuesday, June 28th. JMP Securities reduced their price target on PennyMac Financial Services from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, May 25th. Finally, Barclays dropped their price objective on shares of PennyMac Financial Services from $90.00 to $73.00 and set an “overweight” rating for the company in a report on Monday, July 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, PennyMac Financial Services currently has a consensus rating of “Moderate Buy” and an average target price of $68.60.
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. It operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans.
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