Barclays set a $27.00 price objective on PennyMac Financial Services (NYSE:PFSI) in a research note published on Sunday morning. The firm currently has a buy rating on the real estate investment trust’s stock.

Other research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of PennyMac Financial Services from a strong sell rating to a hold rating in a report on Tuesday, October 17th. ValuEngine upgraded shares of PennyMac Financial Services from a buy rating to a strong-buy rating in a report on Wednesday, November 15th. Finally, Keefe, Bruyette & Woods lowered shares of PennyMac Financial Services from an outperform rating to a market perform rating in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. PennyMac Financial Services presently has a consensus rating of Buy and an average price target of $24.00.

PennyMac Financial Services (NYSE PFSI) opened at $23.05 on Friday. The firm has a market cap of $515.83, a PE ratio of 5.68, a PEG ratio of 1.42 and a beta of 0.64. PennyMac Financial Services has a 1-year low of $15.65 and a 1-year high of $24.00. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 1.66.

PennyMac Financial Services (NYSE:PFSI) last announced its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). The company had revenue of $298.63 million for the quarter, compared to analysts’ expectations of $238.86 million. PennyMac Financial Services had a return on equity of 3.62% and a net margin of 10.55%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.00 earnings per share. research analysts anticipate that PennyMac Financial Services will post 3.13 earnings per share for the current year.

In related news, insider Anne Mccallion sold 1,524 shares of the firm’s stock in a transaction that occurred on Saturday, April 21st. The shares were sold at an average price of $16.60, for a total value of $25,298.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Daniel Stanley Perotti sold 5,442 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $19.42, for a total transaction of $105,683.64. The disclosure for this sale can be found here. Insiders sold 272,884 shares of company stock worth $6,004,215 in the last 90 days. 45.64% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the business. Millennium Management LLC acquired a new stake in PennyMac Financial Services in the fourth quarter valued at approximately $566,000. TIAA CREF Investment Management LLC grew its position in PennyMac Financial Services by 58.8% in the fourth quarter. TIAA CREF Investment Management LLC now owns 64,993 shares of the real estate investment trust’s stock valued at $1,453,000 after acquiring an additional 24,071 shares in the last quarter. Two Sigma Investments LP acquired a new stake in PennyMac Financial Services in the fourth quarter valued at approximately $1,200,000. Goldman Sachs Group Inc. grew its position in PennyMac Financial Services by 99.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 38,482 shares of the real estate investment trust’s stock valued at $860,000 after acquiring an additional 19,157 shares in the last quarter. Finally, Deutsche Bank AG grew its position in PennyMac Financial Services by 566.6% in the fourth quarter. Deutsche Bank AG now owns 109,845 shares of the real estate investment trust’s stock valued at $2,454,000 after acquiring an additional 93,366 shares in the last quarter. 89.47% of the stock is owned by institutional investors.

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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.

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