PennyMac Financial Services, Inc. (NYSE:PFSI) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its stake in shares of PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,043 shares of the real estate investment trust's stock after selling 3,516 shares during the period. Alliancebernstein L.P. owned about 0.18% of PennyMac Financial Services worth $9,299,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PFSI. Verition Fund Management LLC bought a new stake in PennyMac Financial Services during the third quarter valued at about $203,000. HighTower Advisors LLC purchased a new stake in PennyMac Financial Services during the 3rd quarter valued at $702,000. State Street Corp boosted its position in shares of PennyMac Financial Services by 6.0% during the third quarter. State Street Corp now owns 911,741 shares of the real estate investment trust's stock valued at $103,911,000 after buying an additional 51,777 shares during the period. XTX Topco Ltd purchased a new stake in PennyMac Financial Services in the third quarter worth $614,000. Finally, Barclays PLC boosted its position in PennyMac Financial Services by 505.4% in the 3rd quarter. Barclays PLC now owns 60,179 shares of the real estate investment trust's stock valued at $6,859,000 after buying an additional 50,238 shares during the period. Hedge funds and other institutional investors own 57.87% of the company's stock.

Insider Buying and Selling at PennyMac Financial Services

In other news, CFO Daniel Stanley Perotti sold 10,500 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $101.49, for a total transaction of $1,065,645.00. Following the completion of the sale, the chief financial officer now owns 214,997 shares in the company, valued at approximately $21,820,045.53. The trade was a 4.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Spector sold 6,839 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $102.12, for a total transaction of $698,398.68. Following the completion of the sale, the chief executive officer now directly owns 635,554 shares of the company's stock, valued at $64,902,774.48. The trade was a 1.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,464 shares of company stock valued at $4,540,867. 16.60% of the stock is owned by company insiders.

PennyMac Financial Services Trading Down 0.4 %

PFSI stock traded down $0.37 during mid-day trading on Wednesday, hitting $96.09. 21,258 shares of the company were exchanged, compared to its average volume of 299,178. The company has a quick ratio of 0.38, a current ratio of 0.26 and a debt-to-equity ratio of 3.22. The firm has a market capitalization of $4.94 billion, a P/E ratio of 16.43, a PEG ratio of 0.19 and a beta of 1.73. PennyMac Financial Services, Inc. has a 12-month low of $83.03 and a 12-month high of $119.13. The business has a fifty day simple moving average of $99.76 and a 200-day simple moving average of $103.04.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.21). PennyMac Financial Services had a net margin of 19.54% and a return on equity of 16.61%. On average, equities research analysts predict that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current fiscal year.

PennyMac Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, February 23rd. Shareholders of record on Thursday, February 13th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.25%. The ex-dividend date was Thursday, February 13th. PennyMac Financial Services's payout ratio is currently 20.55%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on PFSI shares. UBS Group cut their price objective on shares of PennyMac Financial Services from $115.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday. Keefe, Bruyette & Woods upgraded PennyMac Financial Services from a "market perform" rating to an "outperform" rating and set a $114.00 price target for the company in a research note on Tuesday, April 8th. Finally, Piper Sandler decreased their target price on PennyMac Financial Services from $132.00 to $130.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, PennyMac Financial Services currently has a consensus rating of "Moderate Buy" and an average target price of $120.86.

About PennyMac Financial Services

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.