Anne Mccallion Sells 27,771 Shares of PennyMac Financial Services (NYSE:PFSI) Stock

PennyMac Financial Services, Inc. (NYSE:PFSI) Director Anne Mccallion sold 27,771 shares of the stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $131.55, for a total value of $3,653,275.05. Following the transaction, the director owned 1,547 shares of the company’s stock, valued at approximately $203,507.85. This trade represents a 94.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

PennyMac Financial Services Stock Performance

PennyMac Financial Services stock opened at $125.85 on Thursday. The stock has a market cap of $6.51 billion, a P/E ratio of 13.56 and a beta of 1.59. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 3.03. The stock has a 50 day moving average of $119.94 and a 200-day moving average of $105.80. PennyMac Financial Services, Inc. has a 52 week low of $85.74 and a 52 week high of $134.56.

PennyMac Financial Services (NYSE:PFSI) last released its earnings results on Tuesday, October 21st. The real estate investment trust reported $3.37 EPS for the quarter, beating the consensus estimate of $2.98 by $0.39. PennyMac Financial Services had a return on equity of 11.90% and a net margin of 25.21%.The company had revenue of $632.90 million during the quarter, compared to analysts’ expectations of $573.46 million. During the same period in the prior year, the business posted $1.30 EPS. The business’s revenue was up 53.7% on a year-over-year basis. On average, analysts expect that PennyMac Financial Services, Inc. will post 13.77 EPS for the current fiscal year.

PennyMac Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 17th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, November 17th. This represents a $1.20 annualized dividend and a yield of 1.0%. PennyMac Financial Services’s dividend payout ratio (DPR) is 12.93%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. BTIG Research restated a “buy” rating and set a $135.00 price objective on shares of PennyMac Financial Services in a research note on Wednesday, October 22nd. Keefe, Bruyette & Woods increased their target price on PennyMac Financial Services from $129.00 to $138.00 and gave the stock a “market perform” rating in a research report on Friday, October 24th. Piper Sandler increased their target price on PennyMac Financial Services from $136.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PennyMac Financial Services in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised PennyMac Financial Services from a “sell” rating to a “hold” rating in a research report on Monday, September 29th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, PennyMac Financial Services currently has a consensus rating of “Moderate Buy” and an average price target of $138.67.

Institutional Investors Weigh In On PennyMac Financial Services

A number of hedge funds and other institutional investors have recently modified their holdings of PFSI. EverSource Wealth Advisors LLC bought a new stake in shares of PennyMac Financial Services during the second quarter valued at about $26,000. CWM LLC raised its stake in shares of PennyMac Financial Services by 71.5% during the first quarter. CWM LLC now owns 271 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 113 shares in the last quarter. Strs Ohio bought a new stake in shares of PennyMac Financial Services during the first quarter valued at about $30,000. Bayforest Capital Ltd bought a new stake in shares of PennyMac Financial Services during the second quarter valued at about $62,000. Finally, Harbor Capital Advisors Inc. raised its stake in shares of PennyMac Financial Services by 26.3% during the third quarter. Harbor Capital Advisors Inc. now owns 504 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 105 shares in the last quarter. 57.87% of the stock is currently owned by institutional investors.

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.