Jupiter Topco LLC Purchases Shares of 13,514 PennyMac Financial Services, Inc. $PFSI

Jupiter Topco LLC acquired a new position in PennyMac Financial Services, Inc. (NYSE:PFSI) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,514 shares of the real estate investment trust’s stock, valued at approximately $1,176,000.

A number of other large investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of PennyMac Financial Services during the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC purchased a new stake in PennyMac Financial Services in the 2nd quarter worth $26,000. Caitong International Asset Management Co. Ltd raised its holdings in PennyMac Financial Services by 7,600.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 231 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 228 shares during the period. Strs Ohio bought a new stake in PennyMac Financial Services during the first quarter valued at about $30,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of PennyMac Financial Services in the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 57.87% of the company’s stock.

Insiders Place Their Bets

In other PennyMac Financial Services news, CAO Gregory Hendry sold 2,943 shares of PennyMac Financial Services stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $81.71, for a total value of $240,472.53. Following the sale, the chief accounting officer owned 48,968 shares of the company’s stock, valued at $4,001,175.28. The trade was a 5.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 15.20% of the stock is owned by corporate insiders.

PennyMac Financial Services Stock Up 0.1%

PFSI opened at $73.29 on Friday. The firm has a 50-day simple moving average of $79.32 and a two-hundred day simple moving average of $84.63. PennyMac Financial Services, Inc. has a 52 week low of $70.67 and a 52 week high of $160.36. The company has a market capitalization of $3.81 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 0.69 and a beta of 1.44. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 3.22.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.72). PennyMac Financial Services had a net margin of 17.74% and a return on equity of 11.18%. During the same period in the previous year, the business posted $2.54 EPS. PennyMac Financial Services’s revenue for the quarter was up 11.8% compared to the same quarter last year. Analysts forecast that PennyMac Financial Services, Inc. will post 7.36 earnings per share for the current fiscal year.

PennyMac Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Monday, August 17th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, August 17th. PennyMac Financial Services’s dividend payout ratio (DPR) is currently 16.48%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PFSI. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PennyMac Financial Services in a research note on Monday, August 3rd. BTIG Research decreased their target price on PennyMac Financial Services from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Keefe, Bruyette & Woods lowered their price target on PennyMac Financial Services from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Wall Street Zen lowered shares of PennyMac Financial Services from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Finally, Barclays reduced their price objective on shares of PennyMac Financial Services from $93.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $104.88.

PennyMac Financial Services Profile

PennyMac Financial Services, Inc (NYSE: PFSI) is a leading mortgage banking company based in Westlake Village, California. The firm operates through two primary business segments: Production and Mortgage Servicing Rights (MSR). In its Production segment, PennyMac originates residential mortgage loans through retail, wholesale and correspondent channels, focusing on both purchase and refinance transactions. The MSR segment involves the acquisition and servicing of mortgage loans, whereby the company earns fees for managing loan portfolios on behalf of investors.

Since its founding in 2008, PennyMac has grown through a combination of organic origination and strategic acquisition of servicing rights, positioning itself as one of the largest residential mortgage loan servicers in the United States.