Jump Financial LLC Makes New $306,000 Investment in PennyMac Financial Services, Inc. (NYSE:PFSI)

Jump Financial LLC bought a new stake in PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,000 shares of the real estate investment trust's stock, valued at approximately $306,000.

Several other hedge funds have also bought and sold shares of PFSI. Sterling Capital Management LLC raised its stake in PennyMac Financial Services by 601.8% in the fourth quarter. Sterling Capital Management LLC now owns 400 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 343 shares during the period. Parkside Financial Bank & Trust raised its stake in PennyMac Financial Services by 54.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,100 shares of the real estate investment trust's stock valued at $112,000 after acquiring an additional 389 shares during the period. KBC Group NV raised its stake in PennyMac Financial Services by 15.6% in 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. Polymer Capital Management US LLC acquired a new stake in PennyMac Financial Services during the 4th quarter valued at $217,000. Finally, Cibc World Markets Corp bought a new position in PennyMac Financial Services during the fourth quarter worth $255,000. 57.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PennyMac Financial Services

In other news, CEO David Spector sold 6,839 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $102.12, for a total transaction of $698,398.68. Following the completion of the transaction, the chief executive officer now owns 635,554 shares of the company's stock, valued at approximately $64,902,774.48. The trade was a 1.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Follette sold 1,983 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $99.93, for a total value of $198,161.19. Following the completion of the sale, the insider now directly owns 10,497 shares in the company, valued at $1,048,965.21. This trade represents a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,464 shares of company stock worth $4,540,867 over the last three months. Corporate insiders own 16.60% of the company's stock.

PennyMac Financial Services Price Performance

Shares of PFSI traded up $0.90 during trading hours on Friday, hitting $97.91. 24,770 shares of the company were exchanged, compared to its average volume of 385,807. The company has a quick ratio of 0.38, a current ratio of 0.26 and a debt-to-equity ratio of 3.22. PennyMac Financial Services, Inc. has a fifty-two week low of $85.74 and a fifty-two week high of $119.13. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 16.76, a P/E/G ratio of 0.19 and a beta of 1.73. The firm's fifty day moving average is $98.33 and its 200 day moving average is $102.01.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $430.90 million for the quarter, compared to analyst estimates of $520.42 million. PennyMac Financial Services had a return on equity of 16.61% and a net margin of 19.54%. During the same quarter in the previous year, the company earned $0.74 earnings per share. On average, equities analysts anticipate that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current fiscal year.

PennyMac Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 14th. This represents a $1.20 annualized dividend and a yield of 1.23%. PennyMac Financial Services's dividend payout ratio is currently 18.40%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PFSI shares. Wells Fargo & Company dropped their price objective 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. UBS Group cut their price objective on shares of PennyMac Financial Services from $115.00 to $110.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods upgraded PennyMac Financial Services from a "market perform" rating to an "outperform" rating and set a $114.00 price objective for the company in a report on Tuesday, April 8th. Finally, Piper Sandler lowered 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.17.

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.