Dimensional Fund Advisors LP Has $237.85 Million Holdings in PennyMac Financial Services, Inc. (NYSE:PFSI)

Dimensional Fund Advisors LP boosted its holdings in PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,691,512 shares of the real estate investment trust's stock after buying an additional 70,178 shares during the period. Dimensional Fund Advisors LP owned 5.39% of PennyMac Financial Services worth $237,851,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PFSI. Hexagon Capital Partners LLC lifted its stake in shares of PennyMac Financial Services by 128.9% in the 4th quarter. Hexagon Capital Partners LLC now owns 364 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 205 shares in the last quarter. Parkside Financial Bank & Trust acquired a new position in shares of PennyMac Financial Services in the 4th quarter valued at about $36,000. Saxon Interests Inc. acquired a new position in shares of PennyMac Financial Services in the 4th quarter valued at about $208,000. Foster & Motley Inc. acquired a new position in shares of PennyMac Financial Services in the 4th quarter valued at about $234,000. Finally, Contravisory Investment Management Inc. acquired a new position in shares of PennyMac Financial Services in the 4th quarter valued at about $252,000. 57.87% of the stock is owned by institutional investors and hedge funds.

PennyMac Financial Services Stock Performance

Shares of NYSE PFSI traded up $0.98 during trading on Tuesday, reaching $91.42. The stock had a trading volume of 224,264 shares, compared to its average volume of 243,116. PennyMac Financial Services, Inc. has a one year low of $58.65 and a one year high of $94.78. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market cap of $4.66 billion, a PE ratio of 31.74, a P/E/G ratio of 0.61 and a beta of 1.68. The firm's 50 day moving average price is $88.85 and its two-hundred day moving average price is $85.36.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $2.48 EPS for the quarter, topping analysts' consensus estimates of $2.34 by $0.14. The firm had revenue of $305.66 million during the quarter, compared to the consensus estimate of $422.87 million. PennyMac Financial Services had a return on equity of 10.48% and a net margin of 10.94%. On average, research analysts forecast that PennyMac Financial Services, Inc. will post 10.55 earnings per share for the current fiscal year.

PennyMac Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Tuesday, May 14th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, May 13th. This represents a $0.80 dividend on an annualized basis and a yield of 0.88%. PennyMac Financial Services's payout ratio is currently 27.78%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PFSI. Barclays lifted their price objective on PennyMac Financial Services from $103.00 to $112.00 and gave the company an "overweight" rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods reduced their price target on PennyMac Financial Services from $105.00 to $100.00 and set an "outperform" rating on the stock in a research report on Friday, April 26th. Deutsche Bank Aktiengesellschaft reduced their price target on PennyMac Financial Services from $115.00 to $112.00 and set a "buy" rating on the stock in a research report on Thursday, April 25th. StockNews.com raised PennyMac Financial Services from a "sell" rating to a "hold" rating in a research report on Monday. Finally, Wedbush reissued an "outperform" rating and set a $110.00 price target on shares of PennyMac Financial Services in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $97.75.

Insider Buying and Selling

In related news, CEO David Spector sold 15,000 shares of the company's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $87.18, for a total transaction of $1,307,700.00. Following the completion of the transaction, the chief executive officer now directly owns 270,604 shares in the company, valued at approximately $23,591,256.72. The sale was disclosed in a document filed with the SEC, which is available through this link. In other PennyMac Financial Services news, CEO David Spector sold 15,000 shares of the business's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $87.18, for a total transaction of $1,307,700.00. Following the completion of the transaction, the chief executive officer now owns 270,604 shares in the company, valued at approximately $23,591,256.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph F. Mazzella sold 16,465 shares of the business's stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $90.73, for a total value of $1,493,869.45. Following the transaction, the director now owns 116,546 shares of the company's stock, valued at approximately $10,574,218.58. The disclosure for this sale can be found here. Insiders sold a total of 104,267 shares of company stock worth $9,159,977 in the last three months. 16.60% of the stock is owned by insiders.

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.