PennyMac Financial Services, Inc. (NYSE:PFSI) Holdings Cut by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC cut its stake in shares of PennyMac Financial Services, Inc. (NYSE:PFSI) by 4.4% in the 4th quarter, Holdings Channel reports. The firm owned 120,940 shares of the real estate investment trust’s stock after selling 5,514 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in PennyMac Financial Services were worth $12,353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC grew its stake in PennyMac Financial Services by 231.9% during the 3rd quarter. FMR LLC now owns 1,166,998 shares of the real estate investment trust’s stock worth $133,003,000 after buying an additional 815,389 shares during the last quarter. Quantbot Technologies LP grew its position in shares of PennyMac Financial Services by 23.7% during the third quarter. Quantbot Technologies LP now owns 1,516 shares of the real estate investment trust’s stock worth $173,000 after acquiring an additional 290 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of PennyMac Financial Services by 88.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 18,508 shares of the real estate investment trust’s stock worth $2,109,000 after acquiring an additional 8,702 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in PennyMac Financial Services by 0.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 96,324 shares of the real estate investment trust’s stock valued at $10,978,000 after purchasing an additional 669 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in PennyMac Financial Services during the 3rd quarter valued at about $203,000. 57.87% of the stock is currently owned by institutional investors and hedge funds.

PennyMac Financial Services Stock Down 0.2 %

Shares of PFSI stock opened at $100.12 on Tuesday. 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 cap of $5.15 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 0.19 and a beta of 1.90. The business’s fifty day moving average is $102.87 and its 200-day moving average is $104.47. PennyMac Financial Services, Inc. has a 1 year low of $83.03 and a 1 year high of $119.13.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $2.88 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.21). PennyMac Financial Services had a return on equity of 16.61% and a net margin of 19.54%. Equities analysts expect that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current fiscal year.

PennyMac Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, February 23rd. Shareholders of record on Thursday, February 13th were issued a $0.30 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.20 annualized dividend and a dividend yield of 1.20%. PennyMac Financial Services’s dividend payout ratio is currently 20.55%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their price target on PennyMac Financial Services from $112.00 to $111.00 and set a “market perform” rating on the stock in a report on Tuesday, December 10th. Piper Sandler reduced their price target on PennyMac Financial Services from $132.00 to $130.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.17.

Insider Activity

In related news, CRO Abbie Tidmore sold 2,669 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $102.55, for a total value of $273,705.95. Following the completion of the transaction, the executive now owns 4,878 shares of the company’s stock, valued at approximately $500,238.90. This trade represents a 35.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Derek Stark sold 588 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $101.52, for a total value of $59,693.76. Following the transaction, the insider now directly owns 25,621 shares in the company, valued at $2,601,043.92. The trade was a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,054 shares of company stock worth $4,478,386. Insiders own 16.60% of the company’s stock.

About PennyMac Financial Services

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.