SG Americas Securities LLC cut its holdings in PennyMac Financial Services, Inc. (NYSE:PFSI – Free Report) by 72.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,718 shares of the real estate investment trust’s stock after selling 7,171 shares during the quarter. SG Americas Securities LLC’s holdings in PennyMac Financial Services were worth $191,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of PFSI. US Bancorp DE increased its position in PennyMac Financial Services by 28.1% in the 1st quarter. US Bancorp DE now owns 867 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 190 shares during the period. Tower Research Capital LLC TRC grew its position in shares of PennyMac Financial Services by 59.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 542 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 203 shares during the last quarter. Ensign Peak Advisors Inc grew its position in shares of PennyMac Financial Services by 1.4% in the 1st quarter. Ensign Peak Advisors Inc now owns 18,350 shares of the real estate investment trust’s stock valued at $1,094,000 after buying an additional 250 shares during the last quarter. Quilter Plc bought a new stake in shares of PennyMac Financial Services in the 1st quarter valued at about $248,250,000. Finally, FMR LLC grew its position in shares of PennyMac Financial Services by 2.7% in the 1st quarter. FMR LLC now owns 9,665 shares of the real estate investment trust’s stock valued at $576,000 after buying an additional 256 shares during the last quarter. 59.12% of the stock is owned by institutional investors and hedge funds.
Insider Activity at PennyMac Financial Services
In related news, CEO David Spector sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $69.23, for a total transaction of $1,038,450.00. Following the transaction, the chief executive officer now directly owns 345,604 shares of the company’s stock, valued at $23,926,164.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Daniel Stanley Perotti sold 7,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $72.37, for a total value of $550,012.00. Following the transaction, the chief financial officer now owns 280,697 shares in the company, valued at $20,314,041.89. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David Spector sold 15,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $69.23, for a total value of $1,038,450.00. Following the completion of the sale, the chief executive officer now owns 345,604 shares in the company, valued at $23,926,164.92. The disclosure for this sale can be found here. Insiders have sold 52,600 shares of company stock valued at $3,892,462 over the last ninety days. Corporate insiders own 17.40% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Research Report on PFSI
PennyMac Financial Services Trading Down 1.2 %
NYSE:PFSI opened at $65.79 on Tuesday. The company has a market cap of $3.28 billion, a PE ratio of 13.56 and a beta of 1.50. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.53 and a quick ratio of 0.53. PennyMac Financial Services, Inc. has a one year low of $41.76 and a one year high of $82.92. The firm has a 50-day moving average of $71.18 and a 200-day moving average of $66.80.
PennyMac Financial Services (NYSE:PFSI – Get Free Report) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. The company had revenue of $336.55 million for the quarter, compared to analysts’ expectations of $391.93 million. PennyMac Financial Services had a return on equity of 7.80% and a net margin of 17.95%. As a group, equities research analysts expect that PennyMac Financial Services, Inc. will post 4.96 EPS for the current fiscal year.
PennyMac Financial Services Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Tuesday, August 15th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Monday, August 14th. PennyMac Financial Services’s payout ratio is currently 16.49%.
About PennyMac Financial Services
PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans.
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