Dimensional Fund Advisors LP reduced its holdings in shares of PennyMac Financial Services Inc (NYSE:PFSI) by 1.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 778,879 shares of the real estate investment trust’s stock after selling 11,532 shares during the period. Dimensional Fund Advisors LP’s holdings in PennyMac Financial Services were worth $16,559,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in PFSI. Bayview Asset Management LLC purchased a new position in shares of PennyMac Financial Services during the 4th quarter valued at approximately $16,986,000. Assenagon Asset Management S.A. purchased a new position in shares of PennyMac Financial Services during the 4th quarter valued at approximately $5,596,000. Professional Planning purchased a new position in shares of PennyMac Financial Services during the 4th quarter valued at approximately $5,370,000. Northern Trust Corp boosted its stake in shares of PennyMac Financial Services by 43.0% during the 4th quarter. Northern Trust Corp now owns 337,412 shares of the real estate investment trust’s stock valued at $7,173,000 after buying an additional 101,429 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in PennyMac Financial Services by 185.8% during the fourth quarter. First Trust Advisors LP now owns 108,950 shares of the real estate investment trust’s stock worth $2,316,000 after purchasing an additional 70,823 shares during the last quarter. Institutional investors own 30.29% of the company’s stock.
In other PennyMac Financial Services news, CEO David Spector sold 39,940 shares of the stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $22.60, for a total value of $902,644.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Anne Mccallion sold 5,000 shares of the stock in a transaction on Tuesday, January 29th. The stock was sold at an average price of $20.94, for a total value of $104,700.00. The disclosure for this sale can be found here. Insiders sold 111,140 shares of company stock worth $2,511,379 over the last ninety days. 42.06% of the stock is owned by corporate insiders.
Shares of NYSE PFSI opened at $22.82 on Wednesday. PennyMac Financial Services Inc has a 1-year low of $18.77 and a 1-year high of $24.50. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 8.81, a P/E/G ratio of 0.81 and a beta of 0.44.
PennyMac Financial Services (NYSE:PFSI) last issued its earnings results on Thursday, February 7th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.08. PennyMac Financial Services had a return on equity of 4.85% and a net margin of 8.91%. The firm had revenue of $251.20 million for the quarter, compared to analyst estimates of $238.79 million. Sell-side analysts anticipate that PennyMac Financial Services Inc will post 2.8 EPS for the current fiscal year.
Several brokerages recently issued reports on PFSI. JMP Securities restated a “hold” rating on shares of PennyMac Financial Services in a research note on Wednesday, March 6th. Wedbush restated an “outperform” rating on shares of PennyMac Financial Services in a research note on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $23.00.
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: Loan Production, Loan Servicing, and Investment Management. The Loan Production segment is involved in the origination, acquisition, and sale of mortgage loans.
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