6,705 Shares in PennyMac Financial Services, Inc. (NYSE:PFSI) Acquired by Inceptionr LLC

Inceptionr LLC purchased a new position in shares of PennyMac Financial Services, Inc. (NYSE:PFSI) in the 4th quarter, Holdings Channel.com reports. The firm purchased 6,705 shares of the real estate investment trust’s stock, valued at approximately $685,000.

Other large investors have also recently made changes to their positions in the company. KBC Group NV grew its holdings in PennyMac Financial Services by 15.6% in the 4th quarter. KBC Group NV now owns 1,549 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 209 shares in the last quarter. Quantbot Technologies LP grew its holdings in PennyMac Financial Services by 23.7% in the 3rd quarter. Quantbot Technologies LP now owns 1,516 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 290 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in PennyMac Financial Services in the 3rd quarter valued at $37,000. Dakota Wealth Management grew its holdings in PennyMac Financial Services by 2.6% in 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, Parkside Financial Bank & Trust grew its holdings in PennyMac Financial Services by 54.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,100 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 389 shares in the last quarter. 57.87% of the stock is currently owned by hedge funds and other institutional investors.

PennyMac Financial Services Stock Performance

NYSE PFSI opened at $101.82 on Friday. The stock has a market cap of $5.24 billion, a PE ratio of 17.43, a P/E/G ratio of 0.19 and a beta of 1.90. The company has a current ratio of 0.26, a quick ratio of 0.38 and a debt-to-equity ratio of 3.22. PennyMac Financial Services, Inc. has a twelve month low of $83.03 and a twelve month high of $119.13. The stock has a fifty day simple moving average of $103.61 and a 200-day simple moving average of $105.10.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.21). PennyMac Financial Services had a return on equity of 16.61% and a net margin of 19.54%. Equities analysts anticipate that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current year.

PennyMac Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, February 23rd. Investors of record on Thursday, February 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, February 13th. PennyMac Financial Services’s payout ratio is 20.55%.

Analyst Ratings Changes

Several brokerages have issued reports on PFSI. Piper Sandler dropped their target price on PennyMac Financial Services from $132.00 to $130.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Keefe, Bruyette & Woods dropped their target price on PennyMac Financial Services from $112.00 to $111.00 and set a “market perform” rating for the company in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $122.17.

Insider Buying and Selling

In related news, Director Doug Jones sold 7,882 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $103.16, for a total transaction of $813,107.12. Following the transaction, the director now owns 450,000 shares of the company’s stock, valued at approximately $46,422,000. This represents a 1.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel Stanley Perotti sold 16,481 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $101.56, for a total value of $1,673,810.36. Following the transaction, the chief financial officer now directly owns 37,501 shares in the company, valued at approximately $3,808,601.56. The trade was a 30.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 150,697 shares of company stock valued at $15,327,924. Corporate insiders own 16.60% of the company’s stock.

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.