Northern Trust Corp increased its stake in shares of PennyMac Financial Services Inc (NYSE:PFSI) by 43.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 337,412 shares of the real estate investment trust’s stock after acquiring an additional 101,429 shares during the period. Northern Trust Corp owned approximately 1.34% of PennyMac Financial Services worth $7,173,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Prudential Financial Inc. increased its holdings in PennyMac Financial Services by 17.7% during the third quarter. Prudential Financial Inc. now owns 35,695 shares of the real estate investment trust’s stock valued at $746,000 after buying an additional 5,370 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in PennyMac Financial Services by 4.0% during the third quarter. Bank of New York Mellon Corp now owns 125,655 shares of the real estate investment trust’s stock valued at $2,626,000 after buying an additional 4,797 shares during the last quarter. PNC Financial Services Group Inc. purchased a new stake in PennyMac Financial Services during the third quarter valued at approximately $331,000. Martingale Asset Management L P increased its holdings in PennyMac Financial Services by 447.2% during the third quarter. Martingale Asset Management L P now owns 57,452 shares of the real estate investment trust’s stock valued at $1,201,000 after buying an additional 46,952 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in PennyMac Financial Services by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 790,411 shares of the real estate investment trust’s stock valued at $16,520,000 after buying an additional 4,926 shares during the last quarter. 30.29% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on PFSI shares. Wedbush reissued an “outperform” rating on shares of PennyMac Financial Services in a research note on Thursday, April 4th. JMP Securities reissued a “hold” rating on shares of PennyMac Financial Services in a research note on Wednesday, March 6th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $23.00.
Shares of NYSE PFSI opened at $22.82 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market capitalization of $1.75 billion, a PE ratio of 8.81, a PEG ratio of 0.81 and a beta of 0.44. PennyMac Financial Services Inc has a 1 year low of $18.77 and a 1 year high of $24.50.
PennyMac Financial Services (NYSE:PFSI) last announced its quarterly earnings data on Thursday, February 7th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.08. The firm had revenue of $251.20 million during the quarter, compared to analysts’ expectations of $238.79 million. PennyMac Financial Services had a net margin of 8.91% and a return on equity of 4.85%. As a group, research analysts predict that PennyMac Financial Services Inc will post 2.8 earnings per share for the current fiscal year.
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About PennyMac Financial Services
PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Loan Production, Loan Servicing, and Investment Management. The Loan Production segment is involved in the origination, acquisition, and sale of mortgage loans.
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