Senvest Management LLC Has $104.56 Million Stake in PennyMac Financial Services, Inc. (NYSE:PFSI)

Senvest Management LLC cut its stake in PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) by 54.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,183,151 shares of the real estate investment trust's stock after selling 1,427,789 shares during the period. PennyMac Financial Services accounts for 4.0% of Senvest Management LLC's portfolio, making the stock its 9th largest position. Senvest Management LLC owned approximately 2.37% of PennyMac Financial Services worth $104,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in PFSI. T. Rowe Price Investment Management Inc. increased its holdings in shares of PennyMac Financial Services by 5.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,992,531 shares of the real estate investment trust's stock valued at $282,877,000 after purchasing an additional 256,717 shares during the period. MFN Partners Management LP grew its holdings in PennyMac Financial Services by 14.0% during the first quarter. MFN Partners Management LP now owns 4,531,792 shares of the real estate investment trust's stock valued at $241,091,000 after purchasing an additional 556,274 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in PennyMac Financial Services by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,691,512 shares of the real estate investment trust's stock valued at $237,851,000 after purchasing an additional 70,178 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of PennyMac Financial Services by 7,011.7% in the first quarter. Envestnet Asset Management Inc. now owns 801,420 shares of the real estate investment trust's stock valued at $5,283,000 after acquiring an additional 790,151 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of PennyMac Financial Services by 322.3% in the first quarter. Goldman Sachs Group Inc. now owns 706,965 shares of the real estate investment trust's stock valued at $37,610,000 after acquiring an additional 539,539 shares during the period. 57.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Derek Stark sold 5,255 shares of the business's stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $89.44, for a total transaction of $470,007.20. Following the completion of the sale, the insider now owns 27,084 shares in the company, valued at $2,422,392.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other PennyMac Financial Services news, insider Derek Stark sold 5,255 shares of the company's stock in a transaction on Monday, March 25th. The shares were sold at an average price of $89.44, for a total transaction of $470,007.20. Following the sale, the insider now owns 27,084 shares of the company's stock, valued at $2,422,392.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Spector sold 26,451 shares of the company's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $86.05, for a total transaction of $2,276,108.55. Following the transaction, the chief executive officer now owns 647,938 shares of the company's stock, valued at $55,755,064.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,802 shares of company stock valued at $8,025,358. Insiders own 17.40% of the company's stock.

PennyMac Financial Services Stock Performance

Shares of NYSE:PFSI traded up $1.19 during midday trading on Friday, hitting $89.11. The company had a trading volume of 321,294 shares, compared to its average volume of 221,281. PennyMac Financial Services, Inc. has a 12-month low of $56.16 and a 12-month high of $94.78. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 0.59 and a beta of 1.67. The company has a fifty day moving average of $88.13 and a two-hundred day moving average of $80.83.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.75. PennyMac Financial Services had a return on equity of 7.69% and a net margin of 10.32%. The business had revenue of $361.94 million for the quarter, compared to analysts' expectations of $413.35 million. On average, equities research analysts expect that PennyMac Financial Services, Inc. will post 10.19 EPS for the current fiscal year.

PennyMac Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 13th were issued a $0.20 dividend. The ex-dividend date was Monday, February 12th. This represents a $0.80 annualized dividend and a yield of 0.90%. PennyMac Financial Services's payout ratio is currently 29.52%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. StockNews.com lowered PennyMac Financial Services from a "hold" rating to a "sell" rating in a research note on Wednesday. Wedbush increased their price objective on PennyMac Financial Services from $85.00 to $105.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on PennyMac Financial Services in a research note on Wednesday, January 10th. They issued a "buy" rating and a $115.00 price objective on the stock. Finally, Keefe, Bruyette & Woods downgraded PennyMac Financial Services from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, PennyMac Financial Services currently has an average rating of "Moderate Buy" and an average price target of $92.25.

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.