Parametric Portfolio Associates LLC Purchases 54,460 Shares of PennyMac Financial Services, Inc. (PFSI)

Parametric Portfolio Associates LLC increased its position in PennyMac Financial Services, Inc. (NYSE:PFSI) by 183.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 84,188 shares of the real estate investment trust’s stock after acquiring an additional 54,460 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.36% of PennyMac Financial Services worth $1,406,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PFSI. Vanguard Group Inc. increased its holdings in PennyMac Financial Services by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 1,544,525 shares of the real estate investment trust’s stock worth $26,334,000 after acquiring an additional 105,654 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in PennyMac Financial Services by 30.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 404,802 shares of the real estate investment trust’s stock worth $6,902,000 after acquiring an additional 95,626 shares during the last quarter. AQR Capital Management LLC purchased a new stake in PennyMac Financial Services in the 1st quarter worth about $1,179,000. Teachers Advisors LLC increased its holdings in PennyMac Financial Services by 179.0% in the 1st quarter. Teachers Advisors LLC now owns 60,746 shares of the real estate investment trust’s stock worth $1,036,000 after acquiring an additional 38,975 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings in PennyMac Financial Services by 102.2% in the 1st quarter. TIAA CREF Investment Management LLC now owns 75,656 shares of the real estate investment trust’s stock worth $1,290,000 after acquiring an additional 38,244 shares during the last quarter. 87.54% of the stock is owned by institutional investors.

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In other news, insider David M. Walker sold 5,000 shares of PennyMac Financial Services stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $16.72, for a total transaction of $83,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey Grogin sold 3,000 shares of PennyMac Financial Services stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $16.60, for a total value of $49,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 187,424 shares of company stock valued at $3,286,412. 45.64% of the stock is owned by corporate insiders.

PennyMac Financial Services, Inc. (NYSE:PFSI) opened at $18.80 on Wednesday. PennyMac Financial Services, Inc. has a 12 month low of $15.65 and a 12 month high of $19.35. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $434.32, a PE ratio of 7.12, a price-to-earnings-growth ratio of 1.67 and a beta of 0.63.

PennyMac Financial Services (NYSE:PFSI) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.71 EPS for the quarter, hitting the consensus estimate of $0.71. PennyMac Financial Services had a return on equity of 4.11% and a net margin of 6.47%. The business had revenue of $250.64 million during the quarter, compared to the consensus estimate of $238.59 million. The company’s quarterly revenue was down 14.0% on a year-over-year basis. equities analysts expect that PennyMac Financial Services, Inc. will post 2.24 earnings per share for the current year.

Several equities research analysts recently weighed in on the company. ValuEngine raised PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Zacks Investment Research downgraded PennyMac Financial Services from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. BidaskClub upgraded 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 note on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $20.33.

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.

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

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