Prudential Financial Inc. Has $4.14 Million Stock Holdings in PennyMac Financial Services Inc (NYSE:PFSI)

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Prudential Financial Inc. grew its position in PennyMac Financial Services Inc (NYSE:PFSI) by 16.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 186,635 shares of the real estate investment trust’s stock after purchasing an additional 25,740 shares during the period. Prudential Financial Inc.’s holdings in PennyMac Financial Services were worth $4,140,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Aperio Group LLC raised its holdings in shares of PennyMac Financial Services by 2.4% in the second quarter. Aperio Group LLC now owns 25,865 shares of the real estate investment trust’s stock valued at $574,000 after buying an additional 596 shares during the last quarter. Strs Ohio raised its holdings in shares of PennyMac Financial Services by 5.6% in the second quarter. Strs Ohio now owns 30,100 shares of the real estate investment trust’s stock valued at $667,000 after buying an additional 1,600 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of PennyMac Financial Services in the first quarter valued at about $38,000. Systematic Financial Management LP raised its holdings in shares of PennyMac Financial Services by 3.2% in the first quarter. Systematic Financial Management LP now owns 56,625 shares of the real estate investment trust’s stock valued at $1,259,000 after buying an additional 1,755 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of PennyMac Financial Services by 2.6% in the first quarter. First Trust Advisors LP now owns 111,812 shares of the real estate investment trust’s stock valued at $2,487,000 after buying an additional 2,862 shares during the last quarter. Institutional investors own 30.46% of the company’s stock.

In related news, Director Matthew Botein sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $21.59, for a total value of $1,295,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Anne Mccallion sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $22.82, for a total value of $228,200.00. The disclosure for this sale can be found here. Insiders sold a total of 206,000 shares of company stock valued at $4,886,390 over the last quarter. 22.17% of the stock is owned by insiders.

Shares of PFSI traded down $0.41 on Friday, hitting $30.14. The company’s stock had a trading volume of 492,027 shares, compared to its average volume of 375,429. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.89. The firm’s fifty day moving average price is $27.55 and its 200-day moving average price is $23.75. PennyMac Financial Services Inc has a fifty-two week low of $18.77 and a fifty-two week high of $32.24. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 0.88 and a beta of 0.40.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.15. PennyMac Financial Services had a return on equity of 9.76% and a net margin of 16.34%. The business had revenue of $302.98 million during the quarter, compared to analyst estimates of $267.80 million. As a group, equities analysts predict that PennyMac Financial Services Inc will post 3.55 earnings per share for the current fiscal year.

A number of research firms recently issued reports on PFSI. TheStreet raised PennyMac Financial Services from a “c+” rating to a “b+” rating in a report on Wednesday, August 14th. Zacks Investment Research raised PennyMac Financial Services from a “hold” rating to a “strong-buy” rating and set a $26.00 price target for the company in a report on Wednesday, July 17th. Credit Suisse Group lifted their price target on PennyMac Financial Services from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. Finally, Wells Fargo & Co raised PennyMac Financial Services from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a report on Thursday, September 5th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $28.75.

PennyMac Financial Services Company Profile

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

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