Aigen Investment Management LP Purchases Shares of 2,455 PennyMac Financial Services, Inc. (NYSE:PFSI)

Aigen Investment Management LP bought a new stake in shares of PennyMac Financial Services, Inc. (NYSE:PFSI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,455 shares of the real estate investment trust’s stock, valued at approximately $280,000.

A number of other large investors have also modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new position in shares of PennyMac Financial Services during the 3rd quarter worth approximately $37,000. Blue Trust Inc. boosted its position in PennyMac Financial Services by 1,529.6% during the second quarter. Blue Trust Inc. now owns 440 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 413 shares during the last quarter. Hexagon Capital Partners LLC grew its position in shares of PennyMac Financial Services by 29.6% in the second quarter. Hexagon Capital Partners LLC now owns 477 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 109 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of PennyMac Financial Services in the 1st quarter worth $202,000. Finally, Cannon Global Investment Management LLC acquired a new stake in PennyMac Financial Services during the second quarter worth about $255,000. Institutional investors and hedge funds own 57.87% of the company’s stock.

Analyst Ratings Changes

PFSI has been the subject of several recent analyst reports. Piper Sandler raised their target price on PennyMac Financial Services from $125.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Wedbush restated an “outperform” rating and set a $130.00 price target on shares of PennyMac Financial Services in a research note on Wednesday, October 23rd. Wells Fargo & Company lifted their price objective on PennyMac Financial Services from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Barclays raised their target price on PennyMac Financial Services from $112.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods lowered shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating and set a $102.00 price target on the stock. in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.86.

Insider Transactions at PennyMac Financial Services

In other news, CFO Daniel Stanley Perotti sold 10,500 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $112.93, for a total transaction of $1,185,765.00. Following the transaction, the chief financial officer now directly owns 235,997 shares in the company, valued at $26,651,141.21. The trade was a 4.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David Spector sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $105.04, for a total transaction of $1,050,400.00. Following the completion of the sale, the chief executive officer now owns 180,604 shares of the company’s stock, valued at approximately $18,970,644.16. The trade was a 5.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 88,459 shares of company stock worth $9,582,102. Corporate insiders own 16.60% of the company’s stock.

PennyMac Financial Services Stock Performance

Shares of PennyMac Financial Services stock opened at $102.52 on Friday. PennyMac Financial Services, Inc. has a one year low of $74.69 and a one year high of $119.13. The business has a 50-day simple moving average of $107.35 and a 200-day simple moving average of $99.65. 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 company has a market cap of $5.26 billion, a PE ratio of 32.55 and a beta of 1.79.

PennyMac Financial Services (NYSE:PFSI) last posted its earnings results on Tuesday, October 22nd. The real estate investment trust reported $1.30 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($1.62). PennyMac Financial Services had a return on equity of 15.13% and a net margin of 11.45%. The business had revenue of $411.83 million for the quarter, compared to analysts’ expectations of $513.12 million. During the same quarter in the previous year, the firm earned $1.77 EPS. PennyMac Financial Services’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts forecast that PennyMac Financial Services, Inc. will post 11.88 EPS for the current fiscal year.

PennyMac Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Monday, November 18th. PennyMac Financial Services’s payout ratio is 38.10%.

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.