PennyMac Financial Services, Inc. (NYSE:PFSI - Get Free Report) insider Mark Elbaum sold 410 shares of the company's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $102.88, for a total transaction of $42,180.80. Following the completion of the sale, the insider now directly owns 4,207 shares of the company's stock, valued at $432,816.16. The trade was a 8.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
PennyMac Financial Services Price Performance
Shares of NYSE PFSI opened at $95.75 on Tuesday. The company has a current ratio of 0.26, a quick ratio of 0.38 and a debt-to-equity ratio of 3.22. The stock has a fifty day simple moving average of $101.97 and a two-hundred day simple moving average of $103.96. PennyMac Financial Services, Inc. has a 1-year low of $83.03 and a 1-year high of $119.13. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 0.19 and a beta of 1.73.
PennyMac Financial Services (NYSE:PFSI - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $2.88 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.21). PennyMac Financial Services had a return on equity of 16.61% and a net margin of 19.54%. Analysts anticipate that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current year.
PennyMac Financial Services Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Sunday, February 23rd. Stockholders of record on Thursday, February 13th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, February 13th. PennyMac Financial Services's dividend payout ratio (DPR) is currently 20.55%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Summit Investment Advisors Inc. lifted its position in shares of PennyMac Financial Services by 5.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,797 shares of the real estate investment trust's stock worth $286,000 after acquiring an additional 154 shares in the last quarter. KBC Group NV lifted its holdings in PennyMac Financial Services by 15.6% during the 4th quarter. KBC Group NV now owns 1,549 shares of the real estate investment trust's stock worth $158,000 after purchasing an additional 209 shares in the last quarter. Sterling Capital Management LLC boosted its stake in PennyMac Financial Services by 601.8% in the 4th quarter. Sterling Capital Management LLC now owns 400 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 343 shares during the period. Dakota Wealth Management grew its holdings in PennyMac Financial Services by 2.6% during the 4th quarter. Dakota Wealth Management now owns 14,578 shares of the real estate investment trust's stock valued at $1,489,000 after buying an additional 374 shares in the last quarter. Finally, TD Waterhouse Canada Inc. bought a new stake in shares of PennyMac Financial Services during the fourth quarter valued at about $39,000. 57.87% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently commented on PFSI shares. Piper Sandler decreased their price target on PennyMac Financial Services from $132.00 to $130.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Keefe, Bruyette & Woods decreased their target price on PennyMac Financial Services from $112.00 to $111.00 and set a "market perform" rating for the company in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, PennyMac Financial Services presently has an average rating of "Moderate Buy" and an average target price of $122.17.
Check Out Our Latest Report on PennyMac Financial Services
About PennyMac Financial Services
(
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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.
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