Jump Financial LLC Takes $306,000 Position in PennyMac Financial Services, Inc. (NYSE:PFSI)

Jump Financial LLC purchased a new position in shares of PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,000 shares of the real estate investment trust's stock, valued at approximately $306,000.

Other institutional investors also recently modified their holdings of the company. Mariner LLC lifted its stake in shares of PennyMac Financial Services by 120.1% during the 4th quarter. Mariner LLC now owns 6,026 shares of the real estate investment trust's stock valued at $615,000 after buying an additional 3,288 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of PennyMac Financial Services by 5.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,797 shares of the real estate investment trust's stock valued at $286,000 after buying an additional 154 shares in the last quarter. Sterling Capital Management LLC raised its position in PennyMac Financial Services by 601.8% in the 4th 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 period. Renaissance Technologies LLC bought a new position in shares of PennyMac Financial Services during the fourth quarter valued at about $1,307,000. Finally, Invesco Ltd. lifted its position in PennyMac Financial Services by 0.3% in the fourth 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 last quarter. 57.87% of the stock is owned by institutional investors.

Insider Buying and Selling at PennyMac Financial Services

In other PennyMac Financial Services news, insider James Follette sold 1,983 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $99.93, for a total transaction of $198,161.19. Following the transaction, the insider now directly owns 10,497 shares of the company's stock, valued at $1,048,965.21. This trade represents a 15.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark Elbaum sold 410 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $102.88, for a total value of $42,180.80. Following the sale, the insider now owns 4,207 shares of the company's stock, valued at approximately $432,816.16. This trade represents a 8.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,464 shares of company stock valued at $4,540,867. 16.60% of the stock is owned by insiders.

PennyMac Financial Services Stock Down 0.0 %

Shares of PFSI traded down $0.05 during mid-day trading on Thursday, hitting $97.39. 151,218 shares of the company traded hands, compared to its average volume of 304,132. The company has a market capitalization of $5.01 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 0.19 and a beta of 1.73. 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 1-year low of $84.93 and a 1-year high of $119.13. The business has a 50 day moving average of $98.37 and a 200 day moving average of $102.09.

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

PennyMac Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Wednesday, May 14th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.23%. PennyMac Financial Services's dividend payout ratio (DPR) is presently 18.40%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PFSI shares. Keefe, Bruyette & Woods raised PennyMac Financial Services from a "market perform" rating to an "outperform" rating and set a $114.00 target price on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company decreased their target price on shares of PennyMac Financial Services from $125.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. UBS Group decreased their price objective on PennyMac Financial Services from $115.00 to $110.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, Piper Sandler reduced their price target on shares of PennyMac Financial Services from $130.00 to $128.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. One investment 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. Based on data from MarketBeat.com, PennyMac Financial Services currently has an average rating of "Moderate Buy" and a consensus price target 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.