PennyMac Financial Services, Inc. (NYSE:PFSI) CFO Daniel Stanley Perotti Sells 10,500 Shares

PennyMac Financial Services, Inc. (NYSE:PFSI) CFO Daniel Stanley Perotti sold 10,500 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $101.49, for a total transaction of $1,065,645.00. Following the sale, the chief financial officer now directly owns 214,997 shares in the company, valued at approximately $21,820,045.53. The trade was a 4.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Daniel Stanley Perotti also recently made the following trade(s):

• On Friday, December 20th, Daniel Stanley Perotti sold 16,481 shares of PennyMac Financial Services stock. The shares were sold at an average price of $101.56, for a total transaction of $1,673,810.36.

PennyMac Financial Services Price Performance

Shares of NYSE:PFSI opened at $100.90 on Friday. The firm’s 50 day moving average price is $103.65 and its 200-day moving average price is $104.72. PennyMac Financial Services, Inc. has a twelve month low of $83.03 and a twelve month high of $119.13. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 2.75. The stock has a market capitalization of $5.17 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 0.19 and a beta of 1.78.

PennyMac Financial Services (NYSE:PFSI) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $2.88 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.21). PennyMac Financial Services had a return on equity of 16.80% and a net margin of 19.54%. Equities research analysts expect that PennyMac Financial Services, Inc. will post 13.77 EPS for the current year.

PennyMac Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, February 23rd. Stockholders of record on Thursday, February 13th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, February 13th. PennyMac Financial Services’s payout ratio is currently 20.55%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of PennyMac Financial Services from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods lowered their price objective on shares of PennyMac Financial Services from $112.00 to $111.00 and set a “market perform” rating on the stock in a research note on Tuesday, December 10th. Finally, Piper Sandler lowered their price objective on shares of PennyMac Financial Services from $132.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $122.17.

Institutional Investors Weigh In On PennyMac Financial Services

Several institutional investors and hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC raised its position in shares of PennyMac Financial Services by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 7,530 shares of the real estate investment trust’s stock valued at $769,000 after buying an additional 2,478 shares during the last quarter. Millennium Management LLC raised its position in shares of PennyMac Financial Services by 104.5% during the fourth quarter. Millennium Management LLC now owns 518,574 shares of the real estate investment trust’s stock valued at $52,967,000 after buying an additional 264,956 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of PennyMac Financial Services by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,217 shares of the real estate investment trust’s stock valued at $1,554,000 after buying an additional 606 shares during the last quarter. Interval Partners LP raised its position in shares of PennyMac Financial Services by 379.7% during the fourth quarter. Interval Partners LP now owns 39,320 shares of the real estate investment trust’s stock valued at $4,016,000 after buying an additional 31,123 shares during the last quarter. Finally, Crestline Management LP bought a new stake in shares of PennyMac Financial Services during the fourth quarter valued at approximately $974,000. Institutional investors own 57.87% of the company’s stock.

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.