Quantbot Technologies LP Purchases Shares of 35,045 PennyMac Financial Services, Inc. $PFSI

Quantbot Technologies LP purchased a new stake in PennyMac Financial Services, Inc. (NYSE:PFSI) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 35,045 shares of the real estate investment trust’s stock, valued at approximately $3,052,000.

Several other large investors have also recently modified their holdings of the business. Ieq Capital LLC acquired a new position in shares of PennyMac Financial Services during the second quarter worth $733,000. Donald Smith & CO. Inc. acquired a new stake in PennyMac Financial Services in the second quarter valued at $163,940,000. Silvant Capital Management LLC acquired a new stake in PennyMac Financial Services in the second quarter valued at $34,000. Vise Technologies Inc. acquired a new stake in PennyMac Financial Services in the second quarter valued at $313,000. Finally, NewEdge Wealth LLC bought a new position in PennyMac Financial Services during the 2nd quarter worth $906,000. Institutional investors own 57.87% of the company’s stock.

PennyMac Financial Services Price Performance

Shares of PFSI opened at $75.10 on Monday. PennyMac Financial Services, Inc. has a 52-week low of $71.68 and a 52-week high of $160.36. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.38 and a current ratio of 0.38. The business’s 50 day moving average price is $81.20 and its two-hundred day moving average price is $86.02. The firm has a market cap of $3.90 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 0.71 and a beta of 1.45.

PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.72). PennyMac Financial Services had a return on equity of 11.18% and a net margin of 17.74%.The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.54 EPS. On average, equities analysts anticipate that PennyMac Financial Services, Inc. will post 7.36 EPS for the current year.

PennyMac Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Monday, August 17th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.20 annualized dividend and a yield of 1.6%. PennyMac Financial Services’s dividend payout ratio is currently 16.48%.

Wall Street Analyst Weigh In

PFSI has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of PennyMac Financial Services in a research report on Monday, August 3rd. Wells Fargo & Company decreased their price target on PennyMac Financial Services from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Barclays lowered their price objective on PennyMac Financial Services from $93.00 to $85.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Wall Street Zen lowered PennyMac Financial Services from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Finally, Keefe, Bruyette & Woods reduced their target price on PennyMac Financial Services from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, PennyMac Financial Services has a consensus rating of “Hold” and an average price target of $104.88.

Insider Buying and Selling

In other PennyMac Financial Services news, CAO Gregory L. Hendry sold 2,177 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $86.89, for a total value of $189,159.53. Following the completion of the sale, the chief accounting officer directly owned 48,968 shares in the company, valued at approximately $4,254,829.52. This trade represents a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 15.20% of the company’s stock.

About PennyMac Financial Services

PennyMac Financial Services, Inc (NYSE: PFSI) is a leading mortgage banking company based in Westlake Village, California. The firm operates through two primary business segments: Production and Mortgage Servicing Rights (MSR). In its Production segment, PennyMac originates residential mortgage loans through retail, wholesale and correspondent channels, focusing on both purchase and refinance transactions. The MSR segment involves the acquisition and servicing of mortgage loans, whereby the company earns fees for managing loan portfolios on behalf of investors.

Since its founding in 2008, PennyMac has grown through a combination of organic origination and strategic acquisition of servicing rights, positioning itself as one of the largest residential mortgage loan servicers in the United States.