PennyMac Financial Services, Inc. (NYSE:PFSI) Shares Bought by Interval Partners LP

Interval Partners LP grew its position in shares of PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) by 379.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,320 shares of the real estate investment trust's stock after purchasing an additional 31,123 shares during the quarter. Interval Partners LP owned approximately 0.08% of PennyMac Financial Services worth $4,016,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. TD Waterhouse Canada Inc. purchased a new position in shares of PennyMac Financial Services during the fourth quarter worth about $39,000. Sterling Capital Management LLC grew its holdings in shares of PennyMac Financial Services by 601.8% during the fourth quarter. Sterling Capital Management LLC now owns 400 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 343 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in shares of PennyMac Financial Services during the fourth quarter worth about $71,000. Parkside Financial Bank & Trust grew its holdings in shares of PennyMac Financial Services by 54.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,100 shares of the real estate investment trust's stock worth $112,000 after purchasing an additional 389 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of PennyMac Financial Services by 15.6% during the fourth quarter. KBC Group NV now owns 1,549 shares of the real estate investment trust's stock worth $158,000 after purchasing an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 57.87% of the company's stock.

PennyMac Financial Services Stock Performance

Shares of NYSE PFSI traded up $1.04 during midday trading on Friday, reaching $101.80. 306,892 shares of the company were exchanged, compared to its average volume of 307,639. The company has a current ratio of 0.26, a quick ratio of 0.38 and a debt-to-equity ratio of 3.22. PennyMac Financial Services, Inc. has a 1 year low of $85.74 and a 1 year high of $119.13. The stock has a fifty day simple moving average of $97.72 and a 200 day simple moving average of $101.53. The stock has a market cap of $5.26 billion, a P/E ratio of 17.43, a PEG ratio of 0.19 and a beta of 1.60.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.99 by ($1.57). PennyMac Financial Services had a return on equity of 16.61% and a net margin of 19.54%. The company had revenue of $430.90 million for the quarter, compared to analysts' expectations of $520.42 million. During the same period in the prior year, the business earned $0.74 EPS. On average, research analysts forecast that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current fiscal year.

PennyMac Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Wednesday, May 14th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.18%. PennyMac Financial Services's payout ratio is currently 18.40%.

Analyst Ratings Changes

PFSI has been the topic of several research reports. Piper Sandler dropped their price objective on PennyMac Financial Services from $130.00 to $128.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. UBS Group lowered their price target on PennyMac Financial Services from $115.00 to $110.00 and set a "neutral" rating on the stock 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 price target on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company lowered their price target on 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 sell rating, one has given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $121.17.

Insider Activity at PennyMac Financial Services

In related news, CEO David Spector sold 5,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $103.44, for a total value of $517,200.00. Following the completion of the sale, the chief executive officer now owns 150,604 shares in the company, valued at $15,578,477.76. This trade represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Elbaum sold 410 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $102.88, for a total transaction of $42,180.80. Following the completion of the sale, the insider now owns 4,207 shares of the company's stock, valued at approximately $432,816.16. The trade was a 8.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,964 shares of company stock worth $5,051,502 over the last 90 days. Company insiders own 16.60% 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.