Campbell & CO Investment Adviser LLC Acquires 15,412 Shares of PennyMac Financial Services, Inc. (NYSE:PFSI) (2024)

Campbell & CO Investment Adviser LLC grew its holdings in PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) by 165.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,753 shares of the real estate investment trust's stock after buying an additional 15,412 shares during the period. Campbell & CO Investment Adviser LLC's holdings in PennyMac Financial Services were worth $2,187,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. boosted its stake in shares of PennyMac Financial Services by 11.3% during the 3rd quarter. Principal Financial Group Inc. now owns 111,664 shares of the real estate investment trust's stock worth $7,437,000 after purchasing an additional 11,355 shares during the period. Swiss National Bank boosted its stake in shares of PennyMac Financial Services by 0.8% during the 3rd quarter. Swiss National Bank now owns 93,200 shares of the real estate investment trust's stock worth $6,207,000 after purchasing an additional 700 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of PennyMac Financial Services by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 392,798 shares of the real estate investment trust's stock worth $26,160,000 after purchasing an additional 6,855 shares during the period. Deutsche Bank AG boosted its stake in shares of PennyMac Financial Services by 13.4% during the 3rd quarter. Deutsche Bank AG now owns 13,409 shares of the real estate investment trust's stock worth $893,000 after purchasing an additional 1,587 shares during the period. Finally, QRG Capital Management Inc. purchased a new stake in PennyMac Financial Services in the 3rd quarter valued at about $2,041,000. 57.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on PFSI. Barclays boosted their price objective on shares of PennyMac Financial Services from $103.00 to $112.00 and gave the company an "overweight" rating in a research report on Tuesday, April 9th. Wedbush reissued an "outperform" rating and issued a $110.00 price objective on shares of PennyMac Financial Services in a research report on Thursday, April 25th. Keefe, Bruyette & Woods lowered their price objective on shares of PennyMac Financial Services from $105.00 to $100.00 and set an "outperform" rating for the company in a research report on Friday, April 26th. StockNews.com cut shares of PennyMac Financial Services from a "hold" rating to a "sell" rating in a research report on Tuesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of PennyMac Financial Services from $115.00 to $112.00 and set a "buy" rating for the company in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, PennyMac Financial Services has an average rating of "Moderate Buy" and an average price target of $97.75.

Read Our Latest Stock Analysis on PennyMac Financial Services

PennyMac Financial Services Stock Performance

NYSE PFSI traded down $0.72 during mid-day trading on Tuesday, reaching $90.18. 33,570 shares of the stock were exchanged, compared to its average volume of 233,569. The business's 50 day moving average is $90.07 and its 200-day moving average is $87.32. PennyMac Financial Services, Inc. has a 1 year low of $62.15 and a 1 year high of $94.80. The company has a market capitalization of $4.59 billion, a P/E ratio of 31.56, a P/E/G ratio of 0.59 and a beta of 1.70. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.39 and a current ratio of 0.39.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $2.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.34 by $0.14. PennyMac Financial Services had a net margin of 10.94% and a return on equity of 10.48%. The firm had revenue of $305.66 million for the quarter, compared to the consensus estimate of $422.87 million. On average, equities research analysts forecast that PennyMac Financial Services, Inc. will post 10.55 EPS for the current fiscal year.

PennyMac Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Tuesday, May 14th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Monday, May 13th. PennyMac Financial Services's dividend payout ratio is presently 27.78%.

Insiders Place Their Bets

In other PennyMac Financial Services news, insider Derek Stark sold 5,255 shares of the company's stock in a transaction on Monday, March 25th. The shares were sold at an average price of $89.44, for a total transaction of $470,007.20. Following the completion of the transaction, the insider now directly owns 27,084 shares in the company, valued at $2,422,392.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Doug Jones sold 17,079 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $86.10, for a total value of $1,470,501.90. Following the completion of the sale, the director now directly owns 23,892 shares in the company, valued at $2,057,101.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Derek Stark sold 5,255 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $89.44, for a total transaction of $470,007.20. Following the completion of the sale, the insider now owns 27,084 shares of the company's stock, valued at $2,422,392.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 126,650 shares of company stock worth $11,342,787. Company insiders own 16.60% of the company's stock.

PennyMac Financial Services Company Profile

(Free Report)

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.

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