PennyMac Financial Services, Inc. (PFSI) Shares Bought by Teachers Advisors LLC

Teachers Advisors LLC increased its stake in shares of PennyMac Financial Services, Inc. (NYSE:PFSI) by 7.6% during the fourth quarter, Holdings Channel reports. The fund owned 21,771 shares of the real estate investment trust’s stock after buying an additional 1,539 shares during the period. Teachers Advisors LLC’s holdings in PennyMac Financial Services were worth $362,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of PFSI. GSA Capital Partners LLP raised its position in PennyMac Financial Services by 53.3% in the fourth quarter. GSA Capital Partners LLP now owns 20,700 shares of the real estate investment trust’s stock valued at $345,000 after buying an additional 7,200 shares during the last quarter. Bessemer Group Inc. bought a new position in PennyMac Financial Services during the fourth quarter valued at $162,000. State Street Corp raised its position in PennyMac Financial Services by 6.2% in the fourth quarter. State Street Corp now owns 226,197 shares of the real estate investment trust’s stock valued at $3,765,000 after buying an additional 13,242 shares during the last quarter. Origin Asset Management LLP bought a new position in PennyMac Financial Services during the fourth quarter valued at $268,000. Finally, Russell Investments Group Ltd. bought a new position in PennyMac Financial Services during the fourth quarter valued at $440,000. Institutional investors own 85.84% of the company’s stock.

Institutional Ownership by Quarter for PennyMac Financial Services (NYSE:PFSI)

PennyMac Financial Services, Inc. (NYSE:PFSI) opened at 16.75 on Tuesday. The company has a market cap of $391.80 million, a price-to-earnings ratio of 5.27 and a beta of 0.60. The firm’s 50-day moving average is $16.46 and its 200-day moving average is $17.01. PennyMac Financial Services, Inc. has a 12 month low of $11.47 and a 12 month high of $19.35.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.17. The firm had revenue of $204.50 million for the quarter, compared to the consensus estimate of $231.82 million. PennyMac Financial Services had a net margin of 7.23% and a return on equity of 5.19%. The company’s revenue for the quarter was up 42.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 earnings per share. On average, analysts anticipate that PennyMac Financial Services, Inc. will post $2.67 EPS for the current fiscal year.

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Several equities analysts recently weighed in on the stock. ValuEngine lowered shares of PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 6th. TheStreet lowered shares of PennyMac Financial Services from a “b-” rating to a “c+” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 price target on shares of PennyMac Financial Services in a research report on Thursday, April 6th. Finally, Instinet increased their price target on shares of PennyMac Financial Services from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, February 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $19.44.

In related news, insider Vandad Fartaj sold 5,081 shares of the business’s stock in a transaction that occurred on Monday, April 10th. The stock was sold at an average price of $16.00, for a total transaction of $81,296.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Richard Bailey sold 10,162 shares of the business’s stock in a transaction that occurred on Thursday, April 6th. The shares were sold at an average price of $16.00, for a total value of $162,592.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 157,218 shares of company stock valued at $2,582,135. Corporate insiders own 45.64% of the company’s stock.

About PennyMac Financial Services

PennyMac Financial Services, Inc (PFSI) is a financial services company. The Company is focused on the production and servicing of the United States residential mortgage loans and the management of investments related to the United States mortgage market. The Company operates through three segments: loan production, loan servicing and investment management.

Want to see what other hedge funds are holding PFSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PennyMac Financial Services, Inc. (NYSE:PFSI).

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