MorganRosel Wealth Management LLC Has $1.20 Million Holdings in PennyMac Financial Services, Inc. (NYSE:PFSI)

MorganRosel Wealth Management LLC increased its holdings in shares of PennyMac Financial Services, Inc. (NYSE:PFSI) by 60.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 11,728 shares of the real estate investment trust’s stock after purchasing an additional 4,416 shares during the quarter. MorganRosel Wealth Management LLC’s holdings in PennyMac Financial Services were worth $1,198,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Creative Planning grew its stake in PennyMac Financial Services by 17.7% during the third quarter. Creative Planning now owns 5,856 shares of the real estate investment trust’s stock worth $667,000 after buying an additional 879 shares in the last quarter. Blue Trust Inc. increased its stake in PennyMac Financial Services by 59.5% in the third quarter. Blue Trust Inc. now owns 702 shares of the real estate investment trust’s stock valued at $80,000 after acquiring an additional 262 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in PennyMac Financial Services during the third quarter valued at approximately $37,000. Summit Global Investments bought a new stake in PennyMac Financial Services during the third quarter worth $605,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of PennyMac Financial Services in the 3rd quarter valued at $347,000. Institutional investors own 57.87% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on PFSI. Piper Sandler dropped their price objective 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. Keefe, Bruyette & Woods lowered their target price on PennyMac Financial Services from $112.00 to $111.00 and set a “market perform” rating for the company in a research note on Tuesday, December 10th. 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $122.17.

Insider Buying and Selling at PennyMac Financial Services

In other news, CEO David Spector sold 10,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $104.95, for a total value of $1,049,500.00. Following the completion of the sale, the chief executive officer now owns 170,604 shares in the company, valued at $17,904,889.80. This represents a 5.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Daniel Stanley Perotti sold 16,481 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $101.56, for a total transaction of $1,673,810.36. Following the transaction, the chief financial officer now directly owns 37,501 shares in the company, valued at $3,808,601.56. The trade was a 30.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 134,812 shares of company stock valued at $13,735,289. 16.60% of the stock is currently owned by insiders.

PennyMac Financial Services Stock Performance

NYSE PFSI opened at $99.38 on Tuesday. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 0.19 and a beta of 1.78. PennyMac Financial Services, Inc. has a twelve month low of $83.03 and a twelve month high of $119.13. The stock has a fifty day simple moving average of $103.47 and a 200 day simple moving average of $104.93. The company has a quick ratio of 0.38, a current ratio of 0.26 and a debt-to-equity ratio of 3.22.

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

PennyMac Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, February 23rd. Investors of record on Thursday, February 13th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.20 annualized dividend and a yield of 1.21%. PennyMac Financial Services’s payout ratio is 20.55%.

PennyMac Financial Services 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.