Brandywine Global Investment Management LLC Has $11.16 Million Stake in PennyMac Financial Services, Inc. $PFSI

Brandywine Global Investment Management LLC decreased its holdings in PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 112,030 shares of the real estate investment trust's stock after selling 4,400 shares during the quarter. Brandywine Global Investment Management LLC owned 0.22% of PennyMac Financial Services worth $11,163,000 at the end of the most recent quarter.

• This Stock Could Rally Following a Bottom in Mortgage Markets

Several other large investors have also bought and sold shares of PFSI. T. Rowe Price Investment Management Inc. grew its position in PennyMac Financial Services by 0.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,289,819 shares of the real estate investment trust's stock worth $429,454,000 after purchasing an additional 24,055 shares in the last quarter. Advantage Alpha Capital Partners LP boosted its stake in shares of PennyMac Financial Services by 26.3% in the 1st quarter. Advantage Alpha Capital Partners LP now owns 55,376 shares of the real estate investment trust's stock worth $5,544,000 after buying an additional 11,528 shares during the last quarter. Maverick Capital Ltd. grew its holdings in shares of PennyMac Financial Services by 150.4% in the first quarter. Maverick Capital Ltd. now owns 8,073 shares of the real estate investment trust's stock valued at $808,000 after acquiring an additional 4,849 shares in the last quarter. Conversant Capital LLC grew its holdings in shares of PennyMac Financial Services by 25.1% in the first quarter. Conversant Capital LLC now owns 244,150 shares of the real estate investment trust's stock valued at $24,442,000 after acquiring an additional 49,000 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of PennyMac Financial Services during the first quarter valued at approximately $10,550,000. 57.87% of the stock is currently owned by institutional investors.

PennyMac Financial Services Price Performance

NYSE PFSI opened at $126.35 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 3.01. The company has a market cap of $6.57 billion, a PE ratio of 13.62 and a beta of 1.56. PennyMac Financial Services, Inc. has a 52 week low of $85.74 and a 52 week high of $134.56. The firm's 50-day simple moving average is $124.11 and its two-hundred day simple moving average is $109.37.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last posted its earnings results on Tuesday, October 21st. The real estate investment trust reported $3.37 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.39. The firm had revenue of $632.90 million during the quarter, compared to the consensus estimate of $573.46 million. PennyMac Financial Services had a net margin of 25.21% and a return on equity of 11.69%. The company's revenue was up 53.7% on a year-over-year basis. During the same quarter last year, the company earned $1.30 earnings per share. Research analysts predict that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current year.

PennyMac Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 17th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $1.20 dividend on an annualized basis and a yield of 0.9%. PennyMac Financial Services's payout ratio is presently 12.93%.

Insider Buying and Selling

In other news, Director Doug Jones sold 23,453 shares of the firm's stock in a transaction on Monday, November 10th. The stock was sold at an average price of $127.56, for a total value of $2,991,664.68. Following the completion of the transaction, the director directly owned 19,056 shares of the company's stock, valued at $2,430,783.36. This trade represents a 55.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel Stanley Perotti sold 8,775 shares of the business's stock in a transaction on Monday, November 17th. The shares were sold at an average price of $126.67, for a total value of $1,111,529.25. Following the sale, the chief financial officer owned 216,475 shares in the company, valued at approximately $27,420,888.25. The trade was a 3.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 203,124 shares of company stock worth $25,892,701. Insiders own 15.80% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. UBS Group boosted their price objective on PennyMac Financial Services from $135.00 to $145.00 and gave the stock a "neutral" rating in a research report on Friday, October 24th. Piper Sandler boosted their price target on shares of PennyMac Financial Services from $136.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, October 22nd. BTIG Research restated a "buy" rating and set a $135.00 price objective on shares of PennyMac Financial Services in a report on Wednesday, October 22nd. Barclays lifted their price objective on shares of PennyMac Financial Services from $136.00 to $139.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 22nd. Finally, Keefe, Bruyette & Woods increased their target price on shares of PennyMac Financial Services from $129.00 to $138.00 and gave the company a "market perform" rating in a research report on Friday, October 24th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, PennyMac Financial Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.67.

View Our Latest Stock Report on PennyMac Financial Services

About PennyMac Financial Services

PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans.

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