Vanguard Personalized Indexing Management LLC Purchases New Holdings in PennyMac Financial Services, Inc. $PFSI

Key Points

• Vanguard Personalized Indexing Management LLC acquired 3,674 shares of PennyMac Financial Services valued at approximately $366,000, according to a recent Form 13F filing.
• PennyMac Financial Services reported a quarterly earnings per share of $3.37, exceeding estimates by $0.39, and showed a 53.7% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.30 per share, with an ex-dividend date set for November 17th, representing an annualized yield of 0.9%.

Vanguard Personalized Indexing Management LLC acquired a new position in PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,674 shares of the real estate investment trust's stock, valued at approximately $366,000.

A number of other institutional investors have also recently bought and sold shares of PFSI. CWM LLC raised its stake in shares of PennyMac Financial Services by 71.5% during the 1st quarter. CWM LLC now owns 271 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 113 shares during the period. Strs Ohio bought a new stake in PennyMac Financial Services in the first quarter worth about $30,000. Xponance Inc. bought a new stake in PennyMac Financial Services in the first quarter worth about $202,000. Hohimer Wealth Management LLC boosted its stake in PennyMac Financial Services by 5.4% in the first quarter. Hohimer Wealth Management LLC now owns 2,351 shares of the real estate investment trust's stock valued at $235,000 after acquiring an additional 121 shares during the last quarter. Finally, AlphaQuest LLC grew its position in shares of PennyMac Financial Services by 4.4% during the 1st quarter. AlphaQuest LLC now owns 2,587 shares of the real estate investment trust's stock valued at $259,000 after acquiring an additional 110 shares during the period. Institutional investors own 57.87% of the company's stock.

Insider Activity

In related news, CEO David Spector sold 5,000 shares of PennyMac Financial Services stock in a transaction on Monday, October 6th. The stock was sold at an average price of $118.42, for a total transaction of $592,100.00. Following the completion of the sale, the chief executive officer owned 120,604 shares of the company's stock, valued at approximately $14,281,925.68. This trade represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Derek Stark sold 4,750 shares of the company's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $109.56, for a total value of $520,410.00. Following the completion of the transaction, the insider owned 20,621 shares in the company, valued at $2,259,236.76. This represents a 18.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,632 shares of company stock valued at $3,998,816 over the last 90 days. Company insiders own 15.80% of the company's stock.

PennyMac Financial Services Stock Performance

Shares of PFSI opened at $128.67 on Friday. PennyMac Financial Services, Inc. has a 52-week low of $85.74 and a 52-week high of $134.56. The stock's 50-day simple moving average is $118.00 and its 200 day simple moving average is $104.58. The company has a debt-to-equity ratio of 3.03, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 13.87 and a beta of 1.59.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 21st. The real estate investment trust reported $3.37 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.39. PennyMac Financial Services had a return on equity of 11.90% and a net margin of 25.21%.The firm had revenue of $632.90 million for the quarter, compared to analysts' expectations of $573.46 million. During the same period in the prior year, the business posted $1.30 earnings per share. The company's revenue was up 53.7% on a year-over-year basis. 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 will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 17th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, November 17th. PennyMac Financial Services's dividend payout ratio (DPR) is presently 16.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of PennyMac Financial Services in a report on Wednesday, October 8th. Piper Sandler boosted their target price on PennyMac Financial Services from $136.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday. Barclays upped their price target on PennyMac Financial Services from $136.00 to $139.00 and gave the company an "overweight" rating in a research report on Wednesday. Zacks Research raised PennyMac Financial Services from a "strong sell" rating to a "hold" rating in a report on Monday, October 6th. Finally, Keefe, Bruyette & Woods downgraded shares of PennyMac Financial Services from an "outperform" rating to a "market perform" rating and set a $129.00 price objective on the stock. in a report on Tuesday, October 7th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, PennyMac Financial Services has a consensus rating of "Moderate Buy" and an average price target of $135.50.

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.

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