Edgestream Partners L.P. Has $2.81 Million Position in PennyMac Financial Services, Inc. (NYSE:PFSI)

Edgestream Partners L.P. trimmed its position in shares of PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) by 28.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,026 shares of the real estate investment trust's stock after selling 11,052 shares during the period. Edgestream Partners L.P. owned 0.05% of PennyMac Financial Services worth $2,806,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of PennyMac Financial Services by 7.4% during 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 acquiring an additional 199,667 shares in the last quarter. FMR LLC boosted its holdings in PennyMac Financial Services by 11.9% in the 4th quarter. FMR LLC now owns 1,305,851 shares of the real estate investment trust's stock valued at $133,380,000 after purchasing an additional 138,853 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of PennyMac Financial Services by 0.3% in the 4th quarter. Invesco Ltd. now owns 1,183,458 shares of the real estate investment trust's stock worth $120,878,000 after acquiring an additional 3,527 shares during the last quarter. Geode Capital Management LLC lifted its holdings in 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 buying an additional 10,795 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of PennyMac Financial Services by 104.5% in the 4th quarter. Millennium Management LLC now owns 518,574 shares of the real estate investment trust's stock valued at $52,967,000 after purchasing an additional 264,956 shares during the last quarter. 57.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Joseph F. Mazzella sold 11,000 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $98.23, for a total transaction of $1,080,530.00. Following the completion of the transaction, the director directly owned 92,863 shares in the company, valued at approximately $9,121,932.49. The trade was a 10.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Daniel Stanley Perotti sold 10,500 shares of PennyMac Financial Services stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $99.45, for a total value of $1,044,225.00. Following the transaction, the chief financial officer owned 234,025 shares in the company, valued at $23,273,786.25. This trade represents a 4.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,500 shares of company stock worth $3,616,005 over the last three months. 15.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of 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. Keefe, Bruyette & Woods lifted their price target on shares of PennyMac Financial Services from $114.00 to $121.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Barclays lowered their price target on shares of PennyMac Financial Services from $124.00 to $119.00 and set an "overweight" rating for the company in a research report on Tuesday, July 8th. UBS Group reissued a "neutral" rating and issued a $115.00 price target (up from $110.00) on shares of PennyMac Financial Services in a report on Tuesday, July 15th. Finally, Piper Sandler reduced their price objective on shares of PennyMac Financial Services from $128.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $121.67.

PennyMac Financial Services Price Performance

Shares of NYSE PFSI traded down $0.14 during midday trading on Friday, reaching $100.80. 223,110 shares of the company traded hands, compared to its average volume of 327,521. The firm has a market cap of $5.21 billion, a PE ratio of 15.46, a PEG ratio of 0.21 and a beta of 1.53. The stock's 50-day simple moving average is $98.13 and its 200-day simple moving average is $99.73. PennyMac Financial Services, Inc. has a 12 month low of $85.74 and a 12 month high of $119.13. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.30 and a current ratio of 0.30.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.99 by ($1.57). PennyMac Financial Services had a net margin of 20.27% and a return on equity of 14.78%. The company had revenue of $430.90 million for the quarter, compared to the consensus estimate of $520.42 million. During the same period in the previous year, the business posted $0.74 earnings per share. As a group, equities analysts anticipate that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current fiscal year.

PennyMac Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Wednesday, May 14th were given a $0.30 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.19%. PennyMac Financial Services's payout ratio is 18.40%.

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.