PennyMac Financial Services, Inc. (NYSE:PFSI) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. trimmed its holdings in shares of PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,324 shares of the real estate investment trust's stock after selling 3,532 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.07% of PennyMac Financial Services worth $3,506,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PFSI. TD Waterhouse Canada Inc. bought a new stake in shares of PennyMac Financial Services in the fourth quarter valued at about $39,000. Sterling Capital Management LLC raised its holdings in shares of 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 acquiring an additional 343 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in shares of PennyMac Financial Services in the fourth quarter valued at about $71,000. Parkside Financial Bank & Trust raised its holdings in shares of PennyMac Financial Services by 54.7% in the fourth 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 in the last quarter. Finally, KBC Group NV raised its holdings in shares of PennyMac Financial Services by 15.6% in the fourth 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 in the last quarter. 57.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling at PennyMac Financial Services

In other news, insider James Follette sold 1,983 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $99.93, for a total transaction of $198,161.19. Following the sale, the insider now owns 10,497 shares in the company, valued at approximately $1,048,965.21. The trade was a 15.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Spector sold 5,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $103.44, for a total value of $517,200.00. Following the sale, the chief executive officer now owns 150,604 shares in the company, valued at $15,578,477.76. The trade was a 3.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,464 shares of company stock worth $6,095,727 over the last quarter. Insiders own 16.60% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on PFSI. Piper Sandler decreased their price objective on PennyMac Financial Services from $130.00 to $128.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. 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. Wells Fargo & Company decreased their price objective on PennyMac Financial Services from $125.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, UBS Group decreased their price objective on PennyMac Financial Services from $115.00 to $110.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.17.

PennyMac Financial Services Stock Up 0.0%

PFSI traded up $0.04 on Tuesday, hitting $100.56. The company had a trading volume of 14,978 shares, compared to its average volume of 306,176. The stock has a fifty day moving average price of $97.81 and a 200-day moving average price of $101.55. PennyMac Financial Services, Inc. has a 12-month low of $85.74 and a 12-month high of $119.13. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.38 and a current ratio of 0.26. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 0.19 and a beta of 1.60.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.99 by ($1.57). PennyMac Financial Services had a net margin of 19.54% and a return on equity of 16.61%. The company had revenue of $430.90 million during the quarter, compared to analysts' expectations of $520.42 million. During the same quarter last year, the firm earned $0.74 EPS. Analysts predict that PennyMac Financial Services, Inc. will post 13.77 EPS for the current fiscal year.

PennyMac Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Wednesday, May 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.20 annualized dividend and a yield of 1.19%. PennyMac Financial Services's dividend payout ratio (DPR) is presently 18.40%.

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.