25,710 Shares in PennyMac Financial Services, Inc. (NYSE:PFSI) Bought by Trexquant Investment LP

Trexquant Investment LP bought a new position in shares of PennyMac Financial Services, Inc. (NYSE:PFSI – Get Rating) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 25,710 shares of the real estate investment trust’s stock, valued at approximately $1,103,000. Trexquant Investment LP owned approximately 0.05% of PennyMac Financial Services at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wipfli Financial Advisors LLC acquired a new position in PennyMac Financial Services during the 3rd quarter worth $44,000. Allspring Global Investments Holdings LLC boosted its position in shares of PennyMac Financial Services by 16.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,776 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 250 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of PennyMac Financial Services by 75.9% during the 2nd quarter. Captrust Financial Advisors now owns 2,890 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 1,247 shares in the last quarter. 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 acquiring an additional 486 shares in the last quarter. Finally, Advisors Asset Management Inc. acquired a new position in shares of PennyMac Financial Services during the 1st quarter worth about $168,000. 67.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PFSI. Wells Fargo & Company raised PennyMac Financial Services from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $54.00 to $75.00 in a research report on Tuesday, December 6th. JMP Securities cut PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 18th. StockNews.com raised PennyMac Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday, February 11th. Finally, Barclays boosted their target price on PennyMac Financial Services from $58.00 to $69.00 and gave the company an “equal weight” rating in a report on Friday, February 3rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $69.50.

PennyMac Financial Services Stock Down 0.2 %

PennyMac Financial Services stock opened at $57.71 on Tuesday. PennyMac Financial Services, Inc. has a fifty-two week low of $38.53 and a fifty-two week high of $73.79. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.55 and a current ratio of 0.55. The company has a market capitalization of $2.89 billion, a P/E ratio of 6.88 and a beta of 1.49. The stock has a 50-day simple moving average of $63.22 and a 200-day simple moving average of $56.32.

PennyMac Financial Services (NYSE:PFSI – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The real estate investment trust reported $0.89 EPS for the quarter, beating the consensus estimate of $0.85 by $0.04. The firm had revenue of $340.45 million during the quarter, compared to the consensus estimate of $326.70 million. PennyMac Financial Services had a return on equity of 14.00% and a net margin of 23.95%. Equities research analysts expect that PennyMac Financial Services, Inc. will post 6.76 earnings per share for the current year.

PennyMac Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Shareholders of record on Tuesday, February 14th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Monday, February 13th. PennyMac Financial Services’s dividend payout ratio is presently 9.54%.

Insider Buying and Selling at PennyMac Financial Services

In other PennyMac Financial Services news, Director Joseph F. Mazzella sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $58.67, for a total transaction of $2,346,800.00. Following the completion of the sale, the director now directly owns 177,031 shares of the company’s stock, valued at approximately $10,386,408.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO David Spector sold 26,169 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $1,586,888.16. Following the completion of the transaction, the chief executive officer now directly owns 650,183 shares of the company’s stock, valued at approximately $39,427,097.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Joseph F. Mazzella sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $58.67, for a total value of $2,346,800.00. Following the completion of the sale, the director now owns 177,031 shares in the company, valued at approximately $10,386,408.77. The disclosure for this sale can be found here. Insiders sold a total of 150,714 shares of company stock valued at $9,294,637 in the last ninety days. Insiders own 18.00% of the company’s stock.

PennyMac Financial Services Profile

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PennyMac Financial Services, Inc operates as a holding company, which engages in the production and servicing of U.S. residential mortgage loans. It operates through the following segments: Production, Servicing, and Investment Management. The Production segment includes mortgage loan origination, acquisition, and sale activities.