Martingale Asset Management L P lessened its holdings in shares of PennyMac Financial Services Inc (NYSE:PFSI) by 64.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,500 shares of the real estate investment trust’s stock after selling 36,952 shares during the quarter. Martingale Asset Management L P owned approximately 0.08% of PennyMac Financial Services worth $436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc lifted its stake in shares of PennyMac Financial Services by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 1,900,582 shares of the real estate investment trust’s stock valued at $39,722,000 after buying an additional 48,802 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of PennyMac Financial Services by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,900,582 shares of the real estate investment trust’s stock valued at $39,722,000 after buying an additional 48,802 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of PennyMac Financial Services by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 790,411 shares of the real estate investment trust’s stock valued at $16,520,000 after buying an additional 4,926 shares in the last quarter. Boston Partners lifted its stake in shares of PennyMac Financial Services by 2.0% during the 4th quarter. Boston Partners now owns 298,873 shares of the real estate investment trust’s stock valued at $6,354,000 after buying an additional 5,907 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of PennyMac Financial Services during the 4th quarter valued at $5,596,000. Institutional investors own 93.24% of the company’s stock.

Shares of NYSE PFSI opened at $22.92 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.18 and a current ratio of 0.18. The firm has a market capitalization of $568.01 million, a price-to-earnings ratio of 8.85, a P/E/G ratio of 0.80 and a beta of 0.45. PennyMac Financial Services Inc has a 52-week low of $18.77 and a 52-week high of $24.50.

PennyMac Financial Services (NYSE:PFSI) last announced its quarterly earnings results on Thursday, February 7th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. The company had revenue of $251.20 million for the quarter, compared to the consensus estimate of $238.79 million. PennyMac Financial Services had a net margin of 8.91% and a return on equity of 4.80%. On average, equities analysts forecast that PennyMac Financial Services Inc will post 2.81 earnings per share for the current year.

A number of research analysts recently weighed in on the stock. JMP Securities restated a “hold” rating on shares of PennyMac Financial Services in a research note on Wednesday, March 6th. Zacks Investment Research upgraded shares of PennyMac Financial Services from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 17th. Finally, Barclays set a $25.00 price target on shares of PennyMac Financial Services and gave the company a “buy” rating in a report on Friday, December 14th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $23.00.

In other PennyMac Financial Services news, insider Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $21.29, for a total value of $106,450.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 70,500 shares of company stock worth $1,574,866. 42.06% of the stock is currently owned by insiders.

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About PennyMac Financial Services

PennyMac Financial Services, Inc a specialty financial services company, engages in the mortgage banking and investment management activities in the United States. It is involved in the origination, acquisition, and sale of mortgage loans. The company originates first-lien residential conventional and government-insured or guaranteed mortgage loans to allow customers to purchase or refinance their homes.

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Institutional Ownership by Quarter for PennyMac Financial Services (NYSE:PFSI)

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