<div id="readability-page-1"><p>Goldentree Asset Management LP purchased a new position in shares of  PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 294,199 shares of the real estate investment trust's stock, valued at approximately $29,249,000. PennyMac Financial Services makes up  approximately  2.8% of Goldentree Asset Management LP's holdings, making the stock its 14th largest holding. Goldentree Asset Management LP owned about 0.57% of PennyMac Financial Services as of its most recent SEC filing.</p><ul><li>This Stock Could Rally Following a Bottom in Mortgage Markets</li></ul><p>A number of other hedge funds also recently made changes to their positions in PFSI. Charles Schwab Investment Management Inc. boosted its position in shares of  PennyMac Financial Services by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 457,234 shares of the real estate investment trust's stock valued at $45,774,000 after acquiring an additional 3,424 shares in the last quarter.  Invesco Ltd. lifted its stake in  PennyMac Financial Services by 4.5% during the first quarter. Invesco Ltd. now owns 1,237,118 shares of the real estate investment trust's stock worth $123,848,000 after purchasing an additional 53,660 shares during the period.  Nuveen LLC bought a new position in  PennyMac Financial Services during the first quarter worth about $10,550,000.  Russell Investments Group Ltd. boosted its holdings in  PennyMac Financial Services by 19.8% during the first quarter. Russell Investments Group Ltd. now owns 17,145 shares of the real estate investment trust's stock valued at $1,716,000 after purchasing an additional 2,832 shares in the last quarter.  Finally, Northwest &amp; Ethical Investments L.P. bought a new stake in shares of  PennyMac Financial Services in the 1st quarter valued at approximately $644,000. Institutional investors and hedge funds own  57.87% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><p>PFSI has been the subject of several analyst reports. Piper Sandler raised their target price on PennyMac Financial Services from $136.00 to $140.00 and gave the stock an &#34;overweight&#34; rating in a research report on Wednesday, October 22nd. Barclays lifted their price objective on PennyMac Financial Services from $136.00 to $139.00 and gave the company an &#34;overweight&#34; rating in a report on Wednesday, October 22nd. Keefe, Bruyette &amp; Woods upped their target price on shares of PennyMac Financial Services from $129.00 to $138.00 and gave the stock a &#34;market perform&#34; rating in a report on Friday, October 24th. UBS Group increased their target price on shares of PennyMac Financial Services from $135.00 to $145.00 and gave the stock a &#34;neutral&#34; rating in a research report on Friday, October 24th. Finally, BTIG Research  reissued a &#34;buy&#34; rating and set a $135.00 price target on shares of PennyMac Financial Services in a report on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating and four have issued  a Hold rating to the company. According to data from MarketBeat, PennyMac Financial Services currently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $138.67.</p><p><b>Get Our Latest Analysis on PennyMac Financial Services</b></p><h2>PennyMac Financial Services Stock Performance</h2><p>PennyMac Financial Services stock opened at $129.21 on Tuesday. The company has a market cap of $6.72 billion, a PE ratio of 13.92 and a beta of 1.58. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 3.01. PennyMac Financial Services, Inc. has a 1 year low of $85.74 and a 1 year high of $136.62. The company's 50-day moving average is $125.99 and its two-hundred day moving average is $112.07. </p><p>PennyMac Financial Services (NYSE:PFSI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The real estate investment trust reported $3.37 EPS for the quarter, topping 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 analysts' expectations of $573.46 million. During the same quarter in the previous year, the company earned $1.30 EPS. PennyMac Financial Services's revenue was up 53.7% on a year-over-year basis.  Equities analysts anticipate that  PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current year. </p><h2>PennyMac Financial Services Dividend Announcement</h2><p>The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 17th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.9%. PennyMac Financial Services's dividend payout ratio  is 12.93%. </p><h2>Insider Buying and Selling</h2><p>In related news, CEO David Spector sold 71,161 shares of PennyMac Financial Services stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $128.07, for a total transaction of $9,113,589.27. Following the completion of the sale, the chief executive officer directly owned 577,859 shares of the company's stock, valued at $74,006,402.13. The trade was a 10.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at this link. Also, Director Anne Mccallion sold 27,771 shares of the company's stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $131.55, for a total value of $3,653,275.05. Following the completion of the sale, the director owned 1,547 shares of the company's stock, valued at $203,507.85. This represents a 94.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 209,599 shares of company stock valued at $27,050,778 over the last 90 days. Company insiders own  15.80% of the company's stock. </p><h2>PennyMac Financial Services 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>Further Reading</h2><ul><li>Five stocks we like better than PennyMac Financial Services</li><li>Stock Market Upgrades: What Are They?</li><li>Top 5 Highest-Rated Dividend Stocks, According to MarketBeat</li><li>Should You Add These Warren Buffett Stocks to Your Portfolio?</li><li>What Dollar Tree’s Surge and Home Depot’s Slide Say About Consumer Health</li><li>How to start investing in penny stocks</li><li>3 Stocks Most Likely to Split in 2026</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>Goldentree Asset Management LP acquired 294,199 shares of PennyMac Financial Services, valued at $29.25 million, making it their 14th largest holding. Analysts have set new price targets for PFSI, with a consensus rating of "Moderate Buy" and an average target price of $138.67. PennyMac reported strong quarterly earnings, with a 53.7% revenue increase year-over-year, and announced a $0.30 quarterly dividend.</p>

Goldentree Asset Management LP Buys New Holdings in PennyMac Financial Services, Inc. $PFSI