Senvest Management LLC reduced its holdings in PennyMac Financial Services Inc (NYSE:PFSI) by 8.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,808,382 shares of the real estate investment trust’s stock after selling 176,638 shares during the quarter. PennyMac Financial Services comprises 2.9% of Senvest Management LLC’s portfolio, making the stock its 13th largest holding. Senvest Management LLC owned 0.08% of PennyMac Financial Services worth $40,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Aperio Group LLC boosted its stake in PennyMac Financial Services by 44.1% during the 3rd quarter. Aperio Group LLC now owns 21,662 shares of the real estate investment trust’s stock valued at $386,000 after purchasing an additional 6,627 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in PennyMac Financial Services by 275.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 50,305 shares of the real estate investment trust’s stock valued at $840,000 after purchasing an additional 36,915 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in PennyMac Financial Services by 63.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 29,800 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 11,600 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in PennyMac Financial Services by 31.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 531,824 shares of the real estate investment trust’s stock valued at $8,882,000 after purchasing an additional 127,022 shares in the last quarter. Finally, Mangrove Partners bought a new position in PennyMac Financial Services during the 3rd quarter valued at $12,760,000. Hedge funds and other institutional investors own 90.18% of the company’s stock.
PFSI has been the subject of a number of research reports. Zacks Investment Research raised PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Thursday, January 18th. Barclays set a $27.00 price target on PennyMac Financial Services and gave the company a “buy” rating in a research note on Sunday, February 11th. Keefe, Bruyette & Woods lowered PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Wedbush initiated coverage on PennyMac Financial Services in a research note on Friday, February 16th. They set an “outperform” rating and a $30.00 price target for the company. Finally, ValuEngine raised PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. PennyMac Financial Services has an average rating of “Buy” and a consensus target price of $26.00.
PennyMac Financial Services Inc (NYSE PFSI) traded up $0.17 on Monday, hitting $24.37. The stock had a trading volume of 8,941 shares, compared to its average volume of 211,120. The company has a market cap of $569.40, a price-to-earnings ratio of 10.66, a PEG ratio of 1.54 and a beta of 0.64. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 1.66. PennyMac Financial Services Inc has a 1-year low of $15.65 and a 1-year high of $25.20.
PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.02). The company had revenue of $298.63 million for the quarter, compared to the consensus estimate of $238.86 million. PennyMac Financial Services had a return on equity of 3.62% and a net margin of 10.55%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 earnings per share. equities research analysts expect that PennyMac Financial Services Inc will post 3.15 EPS for the current fiscal year.
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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.
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