PennyMac Financial Services Target of Unusually Large Options Trading (NYSE:PFSI) – MarketBeat | Jewelry Dukan

PennyMac Financial Services, Inc. (NYSE:PFSI – Get Rating) was the recipient of some unusual option deals on Tuesday. Traders bought 10,725 put options on the stock. This represents a 678% increase over the typical daily volume of 1,379 put options.

Insider activity at PennyMac Financial Services

In related news, Director Joseph F. Mazzella sold 13,000 shares of PennyMac Financial Services in a transaction on Thursday, September 15. The stock sold at an average price of $54.87 for a total transaction of $713,310.00. Following the transaction, the Director now directly owns 174,891 shares of the Company, valued at $9,596,269.17. The transaction was disclosed in a filing with the SEC available at this hyperlink. In other news from PennyMac Financial Services, Director Joseph F. Mazzella sold 13,000 shares of PennyMac Financial Services in a transaction dated Thursday, September 15th. The stock sold at an average price of $54.87 for a total transaction of $713,310.00. Following the transaction, the Director now owns 174,891 shares of the Company, valued at approximately $9,596,269.17. The transaction was disclosed in a document filed with the SEC, available at this hyperlink. In addition, Director Joseph F. Mazzella sold 14,295 shares of PennyMac Financial Services in a transaction Tuesday, July 19. The shares sold at an average price of $50.10 for a total value of $716,179.50. Following the sale, the Director now owns 337,036 shares of the Company, valued at $16,885,503.60. The disclosure for this sale can be found here. Insiders have sold a total of 85,941 shares of the company’s stock valued at $4,848,629 over the past three months. 18.00% of the shares are owned by company insiders.

Institutional Trading by PennyMac Financial Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC bought a new position in PennyMac Financial Services valued at about $25,000 during the second quarter. Point72 Hong Kong Ltd acquired a new stake in PennyMac Financial Services valued at $58,000 in Q4. Ensign Peak Advisors Inc bought a new position in PennyMac Financial Services valued at about $120,000 during the fourth quarter. Captrust Financial Advisors increased its ownership of PennyMac Financial Services stock by 75.9% during the second quarter. Captrust Financial Advisors now owns 2,890 shares of the real estate investment trust worth $126,000 after purchasing an additional 1,247 shares last quarter. Finally, the Canada Pension Plan Investment Board increased its position in shares of PennyMac Financial Services by 19.9% ​​in the first quarter. The Canada Pension Plan Investment Board now owns 2,932 shares of the Real Estate Investment Trust, valued at $156,000, after purchasing an additional 486 shares last quarter. 61.61% of the shares are currently owned by hedge funds and other institutional investors.

Changes in analyst ratings

A number of analysts have recently covered PFSI stock. JMP Securities lowered its target price on PennyMac Financial Services shares to $65.00 from $75.00 and gave the company a “buy” rating in a report Wednesday, May 25. Piper Sandler lowered his target price on PennyMac Financial Services shares to $79.00 from $82.00 and gave the stock an overweight rating in a research report on Tuesday, June 28. Finally, Barclays lowered its target price on PennyMac Financial Services from $90.00 to $73.00 and rated the company as “overweight” in a research report on Monday, July 11. Two equities research analysts have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $68.60.

PennyMac Financial Services falls 4.3%

Shares of NYSE:PFSI fell $2.33 during Tuesday trading to hit $51.74. The stock had a trading volume of 11,355 shares compared to an average volume of 292,304. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 4.58 and a beta of 1.29. The company’s 50-day moving average is $53.88 and its 200-day moving average is $50.62. The company has a debt to equity ratio of 1.36, a quick ratio of 0.63 and a current ratio of 0.63. PennyMac Financial Services has a 52-week low of $38.53 and a 52-week high of $71.52.

PennyMac Financial Services (NYSE:PFSI – Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The Real Estate Investment Trust reported earnings per share (EPS) of $2.28 for the quarter, beating analyst consensus estimates of $1.22 by $1.06. PennyMac Financial Services had a 27.37% net margin and a 23.04% return on equity. The company had revenue of $511.52 million for the quarter, compared to the consensus estimate of $475.70 million. As a group, equity analysts are forecasting that PennyMac Financial Services will post 7.62 EPS for the current fiscal year.

PennyMac Financial Services announces dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Tuesday, August 16 received a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday August 15th. That equates to an annualized dividend of $0.80 and a yield of 1.55%. PennyMac Financial Services’ payout ratio is currently 6.77%.

About PennyMac Financial Services

(get rating)

PennyMac Financial Services, Inc, through its subsidiaries in the United States, is engaged in mortgage banking and investment management. It operates through three segments: Manufacturing, Service and Investment Management. The Production segment is engaged in the origination, acquisition and sale of loans.

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