Lightrock Netherlands B.V. Has $13.64 Million Stock Position in PennyMac Financial Services, Inc. (NYSE:PFSI)

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

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in PennyMac Financial Services by 7.4% during the fourth quarter. Vanguard Group Inc. now owns 2,886,580 shares of the real estate investment trust's stock valued at $294,835,000 after purchasing an additional 199,667 shares during the period. FMR LLC grew its position in shares of 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 valued at $133,380,000 after purchasing an additional 138,853 shares in the last quarter. Invesco Ltd. raised its stake in shares of PennyMac Financial Services by 0.3% during the 4th quarter. Invesco Ltd. now owns 1,183,458 shares of the real estate investment trust's stock valued at $120,878,000 after purchasing an additional 3,527 shares during the period. 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 purchasing an additional 10,795 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in 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 worth $52,967,000 after purchasing an additional 264,956 shares during the period. 57.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PFSI shares. Keefe, Bruyette & Woods upgraded shares of PennyMac Financial Services from a "market perform" rating to an "outperform" rating and set a $114.00 price objective for the company in a research report on Tuesday, April 8th. UBS Group cut their price target 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. Piper Sandler decreased 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 report on Tuesday. Finally, Wells Fargo & Company decreased 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 report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $120.67.

PennyMac Financial Services Trading Down 0.3%

NYSE PFSI opened at $102.41 on Friday. The stock's 50-day simple moving average is $97.44 and its two-hundred day simple moving average is $99.81. PennyMac Financial Services, Inc. has a twelve month low of $85.74 and a twelve month high of $119.13. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.96. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 0.21 and a beta of 1.53.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The real estate investment trust reported $1.42 earnings per share 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 firm had revenue of $430.90 million for the quarter, compared to analysts' expectations of $520.42 million. During the same quarter in the previous year, the business earned $0.74 EPS. Research analysts forecast that PennyMac Financial Services, Inc. will post 13.77 EPS for the current fiscal year.

PennyMac Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Wednesday, May 14th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.17%. PennyMac Financial Services's payout ratio is 18.40%.

Insider Buying and Selling at PennyMac Financial Services

In other news, CEO David Spector sold 5,000 shares of PennyMac Financial Services stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $98.29, for a total value of $491,450.00. Following the transaction, the chief executive officer owned 140,604 shares in the company, valued at approximately $13,819,967.16. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph F. Mazzella sold 11,000 shares of PennyMac Financial Services stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $98.23, for a total value of $1,080,530.00. Following the completion of the transaction, the director owned 92,863 shares in the company, valued at approximately $9,121,932.49. This represents a 10.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,500 shares of company stock worth $3,111,955 over the last 90 days. Corporate insiders own 15.80% of the company's stock.

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.

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