<div id="readability-page-1"><p>1832 Asset Management L.P. lifted its stake in shares of  PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) by 34.3% in the second quarter, according to its most recent Form 13F filing with the Securities &amp; Exchange Commission. The institutional investor  owned 37,325 shares of the real estate investment trust's stock after purchasing an additional 9,535 shares during the period. 1832 Asset Management L.P. owned about 0.07% of PennyMac Financial Services worth $3,719,000 as of its most recent filing with the Securities &amp; Exchange Commission.</p><ul><li>This Stock Could Rally Following a Bottom in Mortgage Markets</li></ul><p>Several other large investors have also recently made changes to their positions in PFSI. Strs Ohio purchased a new stake in shares of  PennyMac Financial Services during the 1st quarter valued at approximately $30,000.  Bayforest Capital Ltd purchased a new stake in  PennyMac Financial Services in the second quarter valued at $62,000.  MQS Management LLC acquired a new position in shares of  PennyMac Financial Services in the 2nd quarter valued at $208,000.  AlphaQuest LLC lifted its stake in shares of  PennyMac Financial Services by 4.4% in the 1st quarter. AlphaQuest LLC now owns 2,587 shares of the real estate investment trust's stock valued at $259,000 after purchasing an additional 110 shares during the last quarter.  Finally, Ameritas Investment Partners Inc. grew its holdings in shares of  PennyMac Financial Services by 6.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,987 shares of the real estate investment trust's stock worth $298,000 after purchasing an additional 190 shares during the period. 57.87% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Insider Activity</h2><p>In other news, CEO David Spector sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $129.26, for a total transaction of $646,300.00. Following the completion of the transaction, the chief executive officer directly owned 115,604 shares in the company, valued at approximately $14,942,973.04. The trade was a 4.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Doug Jones sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $132.63, for a total transaction of $2,652,600.00. Following the completion of the sale, the director directly owned 430,000 shares of the company's stock, valued at approximately $57,030,900. This represents a 4.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 209,599 shares of company stock worth $27,050,778 over the last ninety days. 15.80% of the stock is owned by company insiders. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of equities analysts recently commented on the company. Wells Fargo &amp; Company raised their target price on PennyMac Financial Services from $115.00 to $135.00 and gave the company an &#34;overweight&#34; rating in a report on Wednesday, October 22nd. UBS Group raised their price objective on shares of PennyMac Financial Services from $135.00 to $145.00 and gave the company a &#34;neutral&#34; rating in a research note on Friday, October 24th. Barclays upped their target price on shares of PennyMac Financial Services from $136.00 to $139.00 and gave the stock an &#34;overweight&#34; rating in a research note on Wednesday, October 22nd. Keefe, Bruyette &amp; Woods raised their price target on shares of PennyMac Financial Services from $129.00 to $138.00 and gave the company a &#34;market perform&#34; rating in a research report on Friday, October 24th. Finally, Weiss Ratings  reaffirmed a &#34;hold (c+)&#34; rating on shares of PennyMac Financial Services in a research report on Friday, October 31st. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, PennyMac Financial Services currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $138.67.</p><p><b>Read Our Latest Research Report on PennyMac Financial Services</b></p><h2>PennyMac Financial Services Stock Down 1.3%</h2><p>PFSI stock opened at $130.89 on Friday. The company has a 50 day moving average price of $125.91 and a two-hundred day moving average price of $111.65. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market capitalization of $6.80 billion, a P/E ratio of 14.10 and a beta of 1.58. PennyMac Financial Services, Inc. has a one year low of $85.74 and a one year high of $136.62. </p><p>PennyMac Financial Services (NYSE:PFSI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 21st. The real estate investment trust reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.39. PennyMac Financial Services had a net margin of 25.21% and a return on equity of 11.69%. The company had revenue of $632.90 million during the quarter, compared to the consensus estimate of $573.46 million. During the same quarter last year, the company earned $1.30 earnings per share. PennyMac Financial Services's revenue for the quarter was up 53.7% on a year-over-year basis.  As a group, sell-side analysts expect that  PennyMac Financial Services, Inc. will post 13.77 EPS for the current year. </p><h2>PennyMac Financial Services Dividend Announcement</h2><p>The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 17th were paid a $0.30 dividend. The ex-dividend date was Monday, November 17th. This represents a $1.20 annualized dividend and a dividend yield of 0.9%. PennyMac Financial Services's dividend payout ratio (DPR) is presently 12.93%. </p><h2>PennyMac Financial Services Company Profile</h2> (Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than PennyMac Financial Services</li><li>Why is the Ex-Dividend Date Significant to Investors?</li><li>Rocket Lab’s Big Rebound? Analysts Suggest the Dip's a Gift</li><li>Dividend Screener: How to Evaluate Dividend Stocks Before Buying</li><li>Meta’s AI Moment? New SAM 3 Model Has Wall Street Turning Bullish</li><li>Expert Stock Trading Psychology Tips</li><li>Snowflake Stock: The Dip That Smart Investors Are Buying Right Now</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBGU0k?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBGU0k"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in PennyMac Financial Services Right Now?</h2><p>Before you consider PennyMac Financial Services, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PennyMac Financial Services wasn't on the list.</p><p>While PennyMac Financial Services currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PFSI

<p>1832 Asset Management L.P. increased its stake in PennyMac Financial Services, Inc. by 34.3% in Q2, owning 37,325 shares valued at $3.72 million. Other investors also adjusted their positions. CEO David Spector and Director Doug Jones sold shares, reducing their ownership. Analysts have given mixed ratings, with a consensus of 'Moderate Buy' and a target price of $138.67. PFSI stock opened at $130.89, with a market cap of $6.80 billion.</p>

PennyMac Financial Services, Inc. $PFSI Shares Acquired by 1832 Asset Management L.P.