Two Sigma Investments LP bought a new position in shares of PennyMac Financial Services Inc (NYSE:PFSI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 53,713 shares of the real estate investment trust’s stock, valued at approximately $1,200,000. Two Sigma Investments LP owned about 0.23% of PennyMac Financial Services at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in PennyMac Financial Services by 11.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,732 shares of the real estate investment trust’s stock valued at $213,000 after purchasing an additional 1,312 shares during the period. Citadel Advisors LLC bought a new stake in PennyMac Financial Services in the 4th quarter valued at $231,000. PEAK6 Investments L.P. bought a new stake in PennyMac Financial Services in the 3rd quarter valued at $248,000. SG Americas Securities LLC bought a new stake in PennyMac Financial Services in the 3rd quarter valued at $264,000. Finally, First Trust Advisors LP bought a new stake in PennyMac Financial Services in the 3rd quarter valued at $294,000. Institutional investors and hedge funds own 93.29% of the company’s stock.
NYSE:PFSI opened at $23.15 on Friday. The firm has a market cap of $541.17, a PE ratio of 10.52, a P/E/G ratio of 1.47 and a beta of 0.57. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.70. PennyMac Financial Services Inc has a fifty-two week low of $15.65 and a fifty-two week high of $25.20.
PennyMac Financial Services (NYSE:PFSI) last released its earnings results on Thursday, February 8th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.02). The company had revenue of $298.63 million for the quarter, compared to the consensus estimate of $238.86 million. PennyMac Financial Services had a net margin of 10.55% and a return on equity of 3.50%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share. research analysts expect that PennyMac Financial Services Inc will post 3.13 earnings per share for the current year.
In related news, CAO Gregory L. Hendry sold 1,297 shares of the company’s stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $22.36, for a total transaction of $29,000.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Spector sold 67,829 shares of the company’s stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $23.02, for a total value of $1,561,423.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 335,318 shares of company stock valued at $7,716,650. Corporate insiders own 45.64% of the company’s stock.
Several analysts recently issued reports on the company. Wells Fargo assumed coverage on PennyMac Financial Services in a research note on Wednesday. They issued an “outperform” rating and a $28.00 price target for the company. Keefe, Bruyette & Woods downgraded PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. Zacks Investment Research downgraded PennyMac Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Barclays set a $27.00 target price on PennyMac Financial Services and gave the company a “buy” rating in a research report on Sunday, February 11th. Finally, Wedbush initiated coverage on PennyMac Financial Services in a research report on Friday, February 16th. They set an “outperform” rating and a $30.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $27.75.
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PennyMac Financial Services Company Profile
PennyMac Financial Services, Inc (PFSI) is a financial services company. The Company is focused on the production and servicing of the United States residential mortgage loans and the management of investments related to the United States mortgage market. The Company operates through three segments: loan production, loan servicing and investment management.
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