MorganRosel Wealth Management LLC Purchases 4,416 Shares of PennyMac Financial Services, Inc. (NYSE:PFSI)

MorganRosel Wealth Management LLC increased its position in shares of PennyMac Financial Services, Inc. (NYSE:PFSI) by 60.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,728 shares of the real estate investment trust’s stock after purchasing an additional 4,416 shares during the period. MorganRosel Wealth Management LLC’s holdings in PennyMac Financial Services were worth $1,198,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of PennyMac Financial Services by 231.9% during the 3rd quarter. FMR LLC now owns 1,166,998 shares of the real estate investment trust’s stock worth $133,003,000 after acquiring an additional 815,389 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of PennyMac Financial Services by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 954,713 shares of the real estate investment trust’s stock worth $108,809,000 after buying an additional 21,751 shares in the last quarter. State Street Corp grew its position in PennyMac Financial Services by 6.0% in the third quarter. State Street Corp now owns 911,741 shares of the real estate investment trust’s stock valued at $103,911,000 after acquiring an additional 51,777 shares during the period. Geode Capital Management LLC grew its holdings in shares of PennyMac Financial Services by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 647,764 shares of the real estate investment trust’s stock worth $73,841,000 after purchasing an additional 19,662 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in PennyMac Financial Services by 7.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 447,351 shares of the real estate investment trust’s stock valued at $50,985,000 after purchasing an additional 31,035 shares during the last quarter. 57.87% of the stock is owned by institutional investors.

PennyMac Financial Services Stock Performance

Shares of NYSE:PFSI opened at $99.38 on Tuesday. The company has a current ratio of 0.26, a quick ratio of 0.38 and a debt-to-equity ratio of 3.22. The stock has a market capitalization of $5.09 billion, a P/E ratio of 17.02, a P/E/G ratio of 0.19 and a beta of 1.78. The business has a 50-day moving average price of $103.47 and a two-hundred day moving average price of $104.93. PennyMac Financial Services, Inc. has a 1-year low of $83.03 and a 1-year high of $119.13.

PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.21). PennyMac Financial Services had a net margin of 19.54% and a return on equity of 16.61%. Equities analysts predict that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current year.

PennyMac Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, February 23rd. Investors of record on Thursday, February 13th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Thursday, February 13th. PennyMac Financial Services’s dividend payout ratio is currently 20.55%.

Insider Buying and Selling

In related news, CEO David Spector sold 5,000 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $99.38, for a total transaction of $496,900.00. Following the completion of the transaction, the chief executive officer now directly owns 165,604 shares of the company’s stock, valued at approximately $16,457,725.52. This represents a 2.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Doug Jones sold 600 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $102.04, for a total value of $61,224.00. Following the sale, the director now owns 23,892 shares in the company, valued at approximately $2,437,939.68. This represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 134,812 shares of company stock valued at $13,735,289. 16.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PFSI shares. Keefe, Bruyette & Woods reduced their target price on PennyMac Financial Services from $112.00 to $111.00 and set a “market perform” rating on the stock in a report on Tuesday, December 10th. Piper Sandler reduced their price objective on PennyMac Financial Services from $132.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $122.17.

About PennyMac Financial Services

PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans.