Janus Henderson Group PLC Sells 4,400 Shares of PennyMac Financial Services, Inc. (NYSE:PFSI)

Janus Henderson Group PLC trimmed its stake in PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) by 22.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,114 shares of the real estate investment trust's stock after selling 4,400 shares during the period. Janus Henderson Group PLC's holdings in PennyMac Financial Services were worth $1,544,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Barclays PLC lifted its position in PennyMac Financial Services by 505.4% during the third 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. Dakota Wealth Management increased its stake in shares of 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 worth $1,489,000 after acquiring an additional 374 shares in the last quarter. KBC Group NV lifted its position in PennyMac Financial Services by 15.6% during the 4th quarter. KBC Group NV now owns 1,549 shares of the real estate investment trust's stock valued at $158,000 after acquiring an additional 209 shares during the period. Precision Wealth Strategies LLC bought a new stake in PennyMac Financial Services during the fourth quarter worth about $367,000. Finally, Lightrock Netherlands B.V. purchased a new stake in PennyMac Financial Services in the fourth quarter worth about $9,006,000. Institutional investors own 57.87% of the company's stock.

Analyst Upgrades and Downgrades

PFSI has been the subject of several recent research reports. UBS Group lowered their target price on shares of PennyMac Financial Services from $115.00 to $110.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods raised PennyMac Financial Services from a "market perform" rating to an "outperform" rating and set a $114.00 target price on the stock in a report on Tuesday, April 8th. Piper Sandler cut their target price 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, Wells Fargo & Company lowered their price target on PennyMac Financial Services from $125.00 to $120.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five 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 $121.17.

PennyMac Financial Services Stock Performance

Shares of NYSE:PFSI traded down $0.14 during midday trading on Wednesday, reaching $96.65. 7,279 shares of the company's stock traded hands, compared to its average volume of 310,124. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.38 and a current ratio of 0.26. PennyMac Financial Services, Inc. has a one year low of $85.74 and a one year high of $119.13. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 0.19 and a beta of 1.60. The stock has a 50 day moving average of $97.59 and a 200 day moving average of $101.30.

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). The company had revenue of $430.90 million for the quarter, compared to the consensus estimate of $520.42 million. PennyMac Financial Services had a net margin of 19.54% and a return on equity of 16.61%. During the same quarter in the prior year, the company posted $0.74 EPS. As a group, equities research analysts anticipate that PennyMac Financial Services, Inc. will post 13.77 EPS for the current fiscal year.

PennyMac Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Wednesday, May 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Wednesday, May 14th. PennyMac Financial Services's dividend payout ratio (DPR) is presently 18.40%.

Insiders Place Their Bets

In other news, CFO Daniel Stanley Perotti sold 10,500 shares of the stock in a transaction that occurred on 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 now owns 234,025 shares in the company, valued at $23,273,786.25. This represents a 4.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David Spector sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $103.44, for a total transaction of $517,200.00. Following the sale, the chief executive officer now directly owns 150,604 shares of the company's stock, valued at approximately $15,578,477.76. This represents a 3.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,481 shares of company stock valued at $5,897,566. Company insiders own 16.60% of the company's stock.

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.