Barclays PLC Decreases Holdings in PennyMac Financial Services, Inc. (NYSE:PFSI)

Barclays PLC lowered its holdings in PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) by 20.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,883 shares of the real estate investment trust's stock after selling 12,296 shares during the period. Barclays PLC owned about 0.09% of PennyMac Financial Services worth $4,891,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of PennyMac Financial Services by 7.4% in the 4th quarter. Vanguard Group Inc. now owns 2,886,580 shares of the real estate investment trust's stock worth $294,835,000 after buying an additional 199,667 shares during the last quarter. FMR LLC raised its position in PennyMac Financial Services by 11.9% in the fourth quarter. FMR LLC now owns 1,305,851 shares of the real estate investment trust's stock worth $133,380,000 after acquiring an additional 138,853 shares during the period. Invesco Ltd. boosted its stake in PennyMac Financial Services by 0.3% in the fourth quarter. Invesco Ltd. now owns 1,183,458 shares of the real estate investment trust's stock valued at $120,878,000 after acquiring an additional 3,527 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of PennyMac Financial Services by 2.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 954,713 shares of the real estate investment trust's stock valued at $108,809,000 after acquiring an additional 21,751 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of PennyMac Financial Services by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 658,559 shares of the real estate investment trust's stock worth $67,283,000 after purchasing an additional 10,795 shares during the last quarter. Institutional investors own 57.87% of the company's stock.

PennyMac Financial Services Price Performance

Shares of PennyMac Financial Services stock traded up $0.94 on Friday, reaching $97.95. The stock had a trading volume of 18,600 shares, compared to its average volume of 303,890. The business's 50 day moving average is $98.33 and its two-hundred day moving average is $102.01. 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 1 year low of $85.74 and a 1 year high of $119.13. The company has a market cap of $5.04 billion, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 0.19 and a beta of 1.73.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.99 by ($1.57). PennyMac Financial Services had a return on equity of 16.61% and a net margin of 19.54%. The firm had revenue of $430.90 million during the quarter, compared to analysts' expectations of $520.42 million. During the same quarter in the prior year, the company earned $0.74 earnings per share. As a group, research analysts anticipate that PennyMac Financial Services, Inc. will post 13.77 EPS for the current year.

PennyMac Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Wednesday, May 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Wednesday, May 14th. PennyMac Financial Services's dividend payout ratio is 18.40%.

Analysts Set New Price Targets

PFSI has been the subject of several research reports. Keefe, Bruyette & Woods raised PennyMac Financial Services from a "market perform" rating to an "outperform" rating and set a $114.00 price objective for the company in a report on Tuesday, April 8th. Wells Fargo & Company cut their price target on PennyMac Financial Services from $125.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Piper Sandler lowered their price objective on PennyMac Financial Services from $130.00 to $128.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Finally, UBS Group dropped 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 report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $121.17.

Insider Buying and Selling

In other news, insider James Follette sold 1,983 shares of PennyMac Financial Services stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $99.93, for a total transaction of $198,161.19. Following the completion of the sale, the insider now directly owns 10,497 shares of the company's stock, valued at approximately $1,048,965.21. The trade was a 15.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David Spector sold 5,000 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $103.44, for a total value of $517,200.00. Following the completion of the transaction, the chief executive officer now directly owns 150,604 shares in the company, valued at approximately $15,578,477.76. This represents a 3.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,464 shares of company stock worth $4,540,867 over the last ninety days. 16.60% of the stock is owned by corporate insiders.

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.