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 business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $101.49, for a total transaction of $1,065,645.00. Following the transaction, the chief financial officer now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 stock was sold at an average price of $101.56, for a total value of $1,673,810.36.

PennyMac Financial Services Stock Up 0.4 %

Shares of NYSE PFSI opened at $102.19 on Thursday. PennyMac Financial Services, Inc. has a 52-week low of $83.03 and a 52-week high of $119.13. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.38 and a current ratio of 0.38. The business has a fifty day moving average of $103.73 and a two-hundred day moving average of $104.74. The stock has a market cap of $5.24 billion, a PE ratio of 17.50, a PEG ratio of 0.19 and a beta of 1.78.

PennyMac Financial Services (NYSE:PFSI) last announced its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $2.88 earnings per share (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 16.80%. As a group, equities research analysts expect that PennyMac Financial Services, Inc. will post 13.98 earnings per share for the current fiscal year.

PennyMac Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, February 23rd. Investors of record on Thursday, February 13th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.17%. PennyMac Financial Services’s dividend payout ratio is 20.55%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PFSI shares. Keefe, Bruyette & Woods reduced their price objective on PennyMac Financial Services from $112.00 to $111.00 and set a “market perform” rating for the company in a research report on Tuesday, December 10th. Wells Fargo & Company lifted their price target on shares of PennyMac Financial Services from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Wedbush restated an “outperform” rating and issued a $130.00 price objective on shares of PennyMac Financial Services in a research note on Wednesday, October 23rd. Finally, Piper Sandler reduced 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 report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $122.17.

Hedge Funds Weigh In On PennyMac Financial Services

Several institutional investors have recently bought and sold shares of PFSI. Harbor Capital Advisors Inc. acquired a new stake in shares of PennyMac Financial Services in the third quarter valued at $37,000. TD Waterhouse Canada Inc. acquired a new stake in PennyMac Financial Services in the 4th quarter valued at about $39,000. Sterling Capital Management LLC raised its stake 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 worth $41,000 after acquiring an additional 343 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of PennyMac Financial Services during the fourth quarter worth approximately $71,000. Finally, Blue Trust Inc. grew its stake in shares of PennyMac Financial Services by 59.5% during the third quarter. Blue Trust Inc. now owns 702 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 262 shares during the last quarter. Institutional investors own 57.87% 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.