PennyMac Financial Services Inc (PFSI) Holdings Trimmed by Nationwide Fund Advisors

Nationwide Fund Advisors reduced its holdings in shares of PennyMac Financial Services Inc (NYSE:PFSI) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,941 shares of the real estate investment trust’s stock after selling 2,800 shares during the period. Nationwide Fund Advisors owned 0.39% of PennyMac Financial Services worth $1,637,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. California State Teachers Retirement System lifted its position in PennyMac Financial Services by 2.9% in the 2nd quarter. California State Teachers Retirement System now owns 28,126 shares of the real estate investment trust’s stock valued at $470,000 after acquiring an additional 800 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of PennyMac Financial Services by 11.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,732 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 1,312 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of PennyMac Financial Services by 23.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,025 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 2,489 shares in the last quarter. State Street Corp lifted its position in shares of PennyMac Financial Services by 4.7% during the 2nd quarter. State Street Corp now owns 232,505 shares of the real estate investment trust’s stock worth $3,881,000 after buying an additional 10,361 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of 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 worth $840,000 after buying an additional 36,915 shares in the last quarter. Hedge funds and other institutional investors own 90.83% of the company’s stock.

In related news, insider Stanford L. Kurland sold 11,702 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $20.00, for a total transaction of $234,040.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Daniel Stanley Perotti sold 5,442 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $19.42, for a total transaction of $105,683.64. The disclosure for this sale can be found here. Insiders sold 171,510 shares of company stock valued at $3,412,121 over the last three months. 45.64% of the stock is currently owned by insiders.

Shares of PennyMac Financial Services Inc (NYSE PFSI) opened at $21.70 on Monday. PennyMac Financial Services Inc has a fifty-two week low of $15.65 and a fifty-two week high of $22.40. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 1.66. The stock has a market cap of $505.37, a price-to-earnings ratio of 11.30, a PEG ratio of 1.93 and a beta of 0.68.

PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.71. The company had revenue of $250.64 million during the quarter, compared to the consensus estimate of $238.59 million. PennyMac Financial Services had a net margin of 6.47% and a return on equity of 4.11%. The firm’s quarterly revenue was down 14.0% compared to the same quarter last year. research analysts predict that PennyMac Financial Services Inc will post 2.29 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of PennyMac Financial Services from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 25th. ValuEngine upgraded shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Barclays set a $25.00 price objective on shares of PennyMac Financial Services and gave the company a “buy” rating in a research note on Tuesday, December 12th. BidaskClub upgraded shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, Piper Jaffray Companies restated a “buy” rating on shares of PennyMac Financial Services in a research report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $22.67.

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PennyMac Financial Services Profile

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

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