Quantbot Technologies LP Grows Position in PennyMac Financial Services, Inc. (NYSE:PFSI)

Quantbot Technologies LP boosted its stake in shares of PennyMac Financial Services, Inc. (NYSE:PFSI) by 167.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,057 shares of the real estate investment trust’s stock after acquiring an additional 2,541 shares during the period. Quantbot Technologies LP’s holdings in PennyMac Financial Services were worth $414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its position in shares of PennyMac Financial Services by 54.7% during 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 purchasing an additional 389 shares in the last quarter. KBC Group NV boosted its stake in PennyMac Financial Services by 15.6% during the fourth quarter. KBC Group NV now owns 1,549 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 209 shares during the last quarter. Verition Fund Management LLC bought a new position in PennyMac Financial Services during the third quarter valued at approximately $203,000. Hohimer Wealth Management LLC bought a new stake in PennyMac Financial Services in the 3rd quarter worth approximately $236,000. Finally, Northwest & Ethical Investments L.P. raised its holdings in shares of PennyMac Financial Services by 38.3% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 2,330 shares of the real estate investment trust’s stock worth $266,000 after acquiring an additional 645 shares in the last quarter. 57.87% of the stock is currently owned by institutional investors.

PennyMac Financial Services Trading Down 0.9 %

PFSI stock opened at $100.34 on Friday. PennyMac Financial Services, Inc. has a twelve month low of $83.03 and a twelve month high of $119.13. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 0.19 and a beta of 1.90. The company has a quick ratio of 0.38, a current ratio of 0.26 and a debt-to-equity ratio of 3.22. The firm’s fifty day simple moving average is $103.02 and its two-hundred day simple moving average is $104.59.

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 net margin of 19.54% and a return on equity of 16.61%. As a group, analysts anticipate that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current year.

PennyMac Financial Services Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PFSI. Keefe, Bruyette & Woods cut their target price on shares of PennyMac Financial Services from $112.00 to $111.00 and set a “market perform” rating for the company in a report on Tuesday, December 10th. Piper Sandler dropped their price objective on shares of PennyMac Financial Services from $132.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $122.17.

Insider Activity at PennyMac Financial Services

In other news, insider James Follette sold 1,983 shares of the business’s 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 completion of the sale, the insider now directly owns 10,497 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Abbie Tidmore sold 2,669 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $102.55, for a total transaction of $273,705.95. Following the completion of the transaction, the executive now directly owns 4,878 shares in the company, valued at $500,238.90. This represents a 35.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,054 shares of company stock worth $4,478,386 in the last quarter. 16.60% of the stock is owned by company insiders.

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.