Nationwide Fund Advisors maintained its stake in PennyMac Financial Services Inc. (NYSE:PFSI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,288 shares of the real estate investment trust’s stock at the end of the third quarter. Nationwide Fund Advisors owned about 0.39% of PennyMac Financial Services worth $1,468,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of PFSI. Prudential Financial Inc. boosted its stake in PennyMac Financial Services by 16.0% in the first quarter. Prudential Financial Inc. now owns 58,695 shares of the real estate investment trust’s stock valued at $690,000 after buying an additional 8,100 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in PennyMac Financial Services by 17.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 27,490 shares of the real estate investment trust’s stock valued at $323,000 after buying an additional 4,051 shares during the period. Strs Ohio boosted its stake in PennyMac Financial Services by 15.6% in the second quarter. Strs Ohio now owns 45,100 shares of the real estate investment trust’s stock valued at $563,000 after buying an additional 6,100 shares during the period. Chicago Equity Partners LLC boosted its stake in PennyMac Financial Services by 47.3% in the second quarter. Chicago Equity Partners LLC now owns 52,900 shares of the real estate investment trust’s stock valued at $661,000 after buying an additional 16,981 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in PennyMac Financial Services by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 80,262 shares of the real estate investment trust’s stock valued at $1,003,000 after buying an additional 1,853 shares during the period. Hedge funds and other institutional investors own 90.55% of the company’s stock.

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

PennyMac Financial Services Inc. (NYSE:PFSI) traded up 1.69% during trading on Monday, reaching $18.00. The company had a trading volume of 588,100 shares. The company has a market capitalization of $401.56 million, a P/E ratio of 7.08 and a beta of 0.57. The stock has a 50 day moving average of $16.77 and a 200-day moving average of $15.23. PennyMac Financial Services Inc. has a 12 month low of $10.48 and a 12 month high of $18.82.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings data on Thursday, November 3rd. The real estate investment trust reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.16. The business had revenue of $291.40 million for the quarter, compared to analyst estimates of $259.79 million. PennyMac Financial Services had a return on equity of 4.88% and a net margin of 6.76%. The firm’s revenue for the quarter was up 54.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 EPS. Equities research analysts expect that PennyMac Financial Services Inc. will post $2.71 EPS for the current fiscal year.

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Several analysts have commented on the company. Zacks Investment Research upgraded PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Saturday, September 17th. Citigroup Inc. lifted their price objective on PennyMac Financial Services from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, September 9th. JPMorgan Chase & Co. lifted their price objective on PennyMac Financial Services from $14.00 to $16.50 and gave the company a “neutral” rating in a research note on Friday, August 5th. Bank of America Corp. lowered PennyMac Financial Services from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 28th. Finally, Nomura reaffirmed a “buy” rating and issued a $20.00 price objective on shares of PennyMac Financial Services in a research note on Friday, November 4th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. PennyMac Financial Services presently has an average rating of “Buy” and an average target price of $18.15.

In related news, CFO Anne Mccallion sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $17.64, for a total transaction of $88,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David M. Walker sold 10,000 shares of the stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $16.69, for a total value of $166,900.00. The disclosure for this sale can be found here. Insiders own 45.97% of the company’s stock.

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. It operates through three segments: loan production, loan servicing and investment management.

5 Day Chart for NYSE:PFSI

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