TFO Wealth Partners LLC raised its holdings in PennyMac Financial Services, Inc. (NYSE:PFSI – Free Report) by 16,300.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,148 shares of the real estate investment trust’s stock after buying an additional 1,141 shares during the quarter. TFO Wealth Partners LLC’s holdings in PennyMac Financial Services were worth $101,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. USA Financial Formulas bought a new stake in PennyMac Financial Services in the 4th quarter valued at $25,000. Hexagon Capital Partners LLC increased its holdings in PennyMac Financial Services by 128.9% in the 4th quarter. Hexagon Capital Partners LLC now owns 364 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 205 shares during the period. Parkside Financial Bank & Trust bought a new stake in PennyMac Financial Services in the 4th quarter valued at $36,000. Saxon Interests Inc. bought a new stake in PennyMac Financial Services in the 4th quarter valued at $208,000. Finally, Navellier & Associates Inc. bought a new stake in PennyMac Financial Services in the 4th quarter valued at $221,000. Institutional investors own 57.87% of the company’s stock.
PennyMac Financial Services Stock Up 1.9 %
Shares of NYSE PFSI opened at $92.25 on Thursday. The firm’s 50-day simple moving average is $90.10 and its 200 day simple moving average is $87.43. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 32.03, a price-to-earnings-growth ratio of 0.59 and a beta of 1.70. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 2.33. PennyMac Financial Services, Inc. has a 12-month low of $62.15 and a 12-month high of $94.80.
PennyMac Financial Services (NYSE:PFSI – Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.14. The firm had revenue of $305.66 million during the quarter, compared to analysts’ expectations of $422.87 million. PennyMac Financial Services had a return on equity of 10.48% and a net margin of 10.94%. On average, research analysts expect that PennyMac Financial Services, Inc. will post 10.55 earnings per share for the current fiscal year.
PennyMac Financial Services Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Tuesday, May 14th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, May 13th. This represents a $0.80 annualized dividend and a yield of 0.87%. PennyMac Financial Services’s dividend payout ratio is currently 27.78%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on PFSI shares. Keefe, Bruyette & Woods reduced their target price on shares of PennyMac Financial Services from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Barclays boosted their target price on shares of PennyMac Financial Services from $103.00 to $112.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Wedbush restated an “outperform” rating and issued a $110.00 target price on shares of PennyMac Financial Services in a research note on Thursday, April 25th. StockNews.com downgraded shares of PennyMac Financial Services from a “hold” rating to a “sell” rating in a research note on Tuesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of PennyMac Financial Services from $115.00 to $112.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, PennyMac Financial Services currently has an average rating of “Moderate Buy” and a consensus target price of $97.75.
Get Our Latest Report on PennyMac Financial Services
Insiders Place Their Bets
In other PennyMac Financial Services news, insider Derek Stark sold 5,255 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $89.44, for a total transaction of $470,007.20. Following the completion of the sale, the insider now directly owns 27,084 shares of the company’s stock, valued at approximately $2,422,392.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO David Spector sold 26,451 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $86.05, for a total value of $2,276,108.55. Following the completion of the sale, the chief executive officer now directly owns 647,938 shares of the company’s stock, valued at approximately $55,755,064.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Derek Stark sold 5,255 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $89.44, for a total value of $470,007.20. Following the completion of the sale, the insider now directly owns 27,084 shares of the company’s stock, valued at $2,422,392.96. The disclosure for this sale can be found here. In the last three months, insiders sold 136,650 shares of company stock valued at $12,248,387. 16.60% of the stock is currently owned by insiders.
PennyMac Financial Services 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.
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