PennyMac Financial Services, Inc. (NYSE:PFSI) Shares Purchased by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. raised its position in PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) by 55.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 136,055 shares of the real estate investment trust's stock after buying an additional 48,312 shares during the period. PennyMac Financial Services comprises about 3.6% of Lightrock Netherlands B.V.'s portfolio, making the stock its 5th largest holding. Lightrock Netherlands B.V. owned approximately 0.26% of PennyMac Financial Services worth $13,643,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PFSI. Charles Schwab Investment Management Inc. lifted its stake in PennyMac Financial Services by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 453,810 shares of the real estate investment trust's stock worth $46,352,000 after purchasing an additional 6,459 shares in the last quarter. GAMMA Investing LLC lifted its stake in PennyMac Financial Services by 12,101.0% in the 1st quarter. GAMMA Investing LLC now owns 11,713 shares of the real estate investment trust's stock worth $1,173,000 after purchasing an additional 11,617 shares in the last quarter. Renaissance Technologies LLC purchased a new position in PennyMac Financial Services in the 4th quarter worth approximately $1,307,000. Teacher Retirement System of Texas purchased a new position in PennyMac Financial Services in the 4th quarter worth approximately $518,000. Finally, Vanguard Group Inc. raised its position 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 valued at $294,835,000 after buying an additional 199,667 shares during the period. 57.87% of the stock is currently owned by institutional investors and hedge funds.

PennyMac Financial Services Trading Up 0.6%

PennyMac Financial Services stock traded up $0.58 during trading on Tuesday, hitting $100.71. The company had a trading volume of 395,057 shares, compared to its average volume of 324,944. PennyMac Financial Services, Inc. has a 1-year low of $85.74 and a 1-year high of $119.13. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.96. The company's 50 day simple moving average is $97.64 and its 200-day simple moving average is $99.81. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 0.21 and a beta of 1.53.

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 for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $520.42 million. During the same quarter last year, the business posted $0.74 EPS. As a group, analysts expect that PennyMac Financial Services, Inc. will post 13.77 EPS for the current fiscal year.

PennyMac Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Wednesday, May 14th were paid a $0.30 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.19%. PennyMac Financial Services's dividend payout ratio (DPR) is 18.40%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods raised shares of PennyMac Financial Services from a "market perform" rating to an "outperform" rating and set a $114.00 price target on the stock in a research report on Tuesday, April 8th. UBS Group reduced their price target 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, April 16th. Wells Fargo & Company reduced their price target on shares of PennyMac Financial Services from $125.00 to $120.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Piper Sandler reduced their price target on shares of PennyMac Financial Services from $128.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. Finally, Barclays reduced their price target on shares of PennyMac Financial Services from $124.00 to $119.00 and set an "overweight" rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $119.67.

Insiders Place Their Bets

In other PennyMac Financial Services news, CEO David Spector sold 5,000 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $100.81, for a total value of $504,050.00. Following the completion of the transaction, the chief executive officer owned 135,604 shares in the company, valued at $13,670,239.24. The trade was a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Daniel Stanley Perotti sold 10,500 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $99.45, for a total transaction of $1,044,225.00. Following the completion of the transaction, the chief financial officer owned 234,025 shares of the company's stock, valued at approximately $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 90 days. Corporate insiders own 15.80% of the company's stock.

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.