Joseph F. Mazzella Sells 16,465 Shares of PennyMac Financial Services, Inc. (NYSE:PFSI) Stock

PennyMac Financial Services, Inc. (NYSE:PFSI) Director Joseph F. Mazzella sold 16,465 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $90.73, for a total transaction of $1,493,869.45. Following the sale, the director now directly owns 116,546 shares in the company, valued at approximately $10,574,218.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PennyMac Financial Services Trading Down 0.8 %

PFSI opened at $92.14 on Wednesday. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.39 and a quick ratio of 0.39. PennyMac Financial Services, Inc. has a fifty-two week low of $56.16 and a fifty-two week high of $94.78. The firm has a market capitalization of $4.65 billion, a PE ratio of 31.99, a P/E/G ratio of 0.59 and a beta of 1.68. The company’s 50-day moving average is $88.14 and its 200 day moving average is $84.40.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.14. PennyMac Financial Services had a net margin of 10.94% and a return on equity of 10.48%. The business had revenue of $305.66 million during the quarter, compared to the consensus estimate of $422.87 million. As a group, research analysts predict that PennyMac Financial Services, Inc. will post 10.55 earnings per share for the current fiscal year.

PennyMac Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Tuesday, May 14th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.87%. The ex-dividend date is Monday, May 13th. PennyMac Financial Services’s dividend payout ratio (DPR) is presently 27.78%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in PennyMac Financial Services by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,691,512 shares of the real estate investment trust’s stock worth $237,851,000 after buying an additional 70,178 shares during the period. Vanguard Group Inc. lifted its stake in PennyMac Financial Services by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 2,610,041 shares of the real estate investment trust’s stock worth $230,649,000 after purchasing an additional 19,748 shares in the last quarter. Invesco Ltd. lifted its stake in PennyMac Financial Services by 47.6% in the 3rd quarter. Invesco Ltd. now owns 490,297 shares of the real estate investment trust’s stock worth $32,654,000 after purchasing an additional 158,181 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in PennyMac Financial Services by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 396,745 shares of the real estate investment trust’s stock worth $35,060,000 after purchasing an additional 3,947 shares in the last quarter. Finally, Norges Bank purchased a new stake in PennyMac Financial Services in the 4th quarter worth approximately $31,258,000. 57.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

PFSI has been the topic of several analyst reports. Keefe, Bruyette & Woods reduced their price objective 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 report on Tuesday, April 9th. Wedbush restated an “outperform” rating and issued a $110.00 target price on shares of PennyMac Financial Services in a report on Thursday, April 25th. StockNews.com upgraded shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft dropped 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 report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PennyMac Financial Services currently has a consensus rating of “Moderate Buy” and an average target price of $97.75.

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. The company operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans.