Millennium Management LLC lifted its holdings in PennyMac Financial Services Inc (NYSE:PFSI) by 38.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 35,201 shares of the real estate investment trust’s stock after purchasing an additional 9,865 shares during the period. Millennium Management LLC’s holdings in PennyMac Financial Services were worth $797,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PFSI. Hennessy Advisors Inc. purchased a new stake in shares of PennyMac Financial Services in the 1st quarter worth approximately $3,667,000. JPMorgan Chase & Co. lifted its position in shares of PennyMac Financial Services by 44.2% in the 1st quarter. JPMorgan Chase & Co. now owns 522,561 shares of the real estate investment trust’s stock worth $11,836,000 after purchasing an additional 160,208 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of PennyMac Financial Services in the 4th quarter worth approximately $2,534,000. Deutsche Bank AG lifted its position in shares of PennyMac Financial Services by 566.6% in the 4th quarter. Deutsche Bank AG now owns 109,845 shares of the real estate investment trust’s stock worth $2,454,000 after purchasing an additional 93,366 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of PennyMac Financial Services by 9.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 737,494 shares of the real estate investment trust’s stock worth $16,704,000 after purchasing an additional 63,230 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

In related news, insider David M. Walker sold 5,163 shares of the stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $20.85, for a total transaction of $107,648.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew Botein sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $21.17, for a total transaction of $211,700.00. The disclosure for this sale can be found here. Insiders have sold 150,891 shares of company stock valued at $3,031,959 in the last three months. 45.64% of the stock is currently owned by corporate insiders.

NYSE:PFSI opened at $21.30 on Friday. PennyMac Financial Services Inc has a 52 week low of $16.00 and a 52 week high of $25.20. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market cap of $517.98 million, a P/E ratio of 7.88, a PEG ratio of 0.80 and a beta of 0.63.

PennyMac Financial Services (NYSE:PFSI) last posted its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.04. PennyMac Financial Services had a net margin of 11.03% and a return on equity of 3.91%. The company had revenue of $244.30 million during the quarter, compared to analysts’ expectations of $241.49 million. equities analysts anticipate that PennyMac Financial Services Inc will post 2.67 EPS for the current fiscal year.

The company also recently announced a special dividend, which will be paid on Thursday, August 30th. Investors of record on Monday, August 13th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 10th.

PFSI has been the subject of several research reports. ValuEngine raised shares of PennyMac Financial Services from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Zacks Investment Research cut shares of PennyMac Financial Services from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. Compass Point reaffirmed a “hold” rating and issued a $23.00 price target on shares of PennyMac Financial Services in a research report on Tuesday. Keefe, Bruyette & Woods raised shares of PennyMac Financial Services from a “market perform” rating to an “outperform” rating in a research report on Monday, May 7th. Finally, Wells Fargo & Co cut shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating and set a $21.00 target price for the company. in a research report on Thursday, May 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.80.

PennyMac Financial Services 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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