Epoch Investment Partners Inc. Has $34.23 Million Stock Holdings in PennyMac Financial Services, Inc. (NYSE:PFSI) (2024)

Epoch Investment Partners Inc. reduced its stake in PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 387,341 shares of the real estate investment trust's stock after selling 37,786 shares during the period. Epoch Investment Partners Inc. owned 0.78% of PennyMac Financial Services worth $34,229,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PFSI. USA Financial Formulas purchased a new position in shares of PennyMac Financial Services in the fourth quarter valued at $25,000. Hexagon Capital Partners LLC lifted its position in PennyMac Financial Services by 128.9% during the 4th quarter. Hexagon Capital Partners LLC now owns 364 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 205 shares in the last quarter. Parkside Financial Bank & Trust acquired a new position in PennyMac Financial Services during the 4th quarter worth approximately $36,000. TFO Wealth Partners LLC lifted its position in PennyMac Financial Services by 16,300.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,148 shares of the real estate investment trust's stock worth $101,000 after acquiring an additional 1,141 shares in the last quarter. Finally, Saxon Interests Inc. acquired a new position in shares of PennyMac Financial Services in the 4th quarter valued at approximately $208,000. 57.87% of the stock is currently owned by hedge funds and other institutional investors.

PennyMac Financial Services Stock Down 1.3 %

Shares of PFSI traded down $1.22 during midday trading on Friday, reaching $89.35. 152,798 shares of the stock were exchanged, compared to its average volume of 231,737. PennyMac Financial Services, Inc. has a 12-month low of $62.15 and a 12-month high of $94.80. The firm has a 50 day simple moving average of $90.10 and a 200-day simple moving average of $87.48. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 2.33. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 0.60 and a beta of 1.70.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $2.48 earnings per share for the quarter, topping analysts' consensus estimates of $2.34 by $0.14. PennyMac Financial Services had a return on equity of 10.48% and a net margin of 10.94%. The company had revenue of $305.66 million during the quarter, compared to the consensus estimate of $422.87 million. Research analysts forecast that PennyMac Financial Services, Inc. will post 10.55 EPS for the current year.

PennyMac Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Tuesday, May 14th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Monday, May 13th. PennyMac Financial Services's dividend payout ratio (DPR) is presently 27.78%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PFSI shares. Wedbush reiterated an "outperform" rating and issued a $110.00 price target on shares of PennyMac Financial Services in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft lowered their price target on PennyMac Financial Services from $115.00 to $112.00 and set a "buy" rating on the stock in a report on Thursday, April 25th. Barclays raised their target price on PennyMac Financial Services from $103.00 to $112.00 and gave the company an "overweight" rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods decreased their target price on PennyMac Financial Services from $105.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday, April 26th. Finally, StockNews.com lowered PennyMac Financial Services from a "hold" rating to a "sell" rating in a research report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, PennyMac Financial Services has a consensus rating of "Moderate Buy" and an average price target of $97.75.

View Our Latest Research Report on PFSI

Insider Activity at PennyMac Financial Services

In related news, CEO David Spector sold 26,451 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $86.05, for a total value of $2,276,108.55. Following the transaction, the chief executive officer now directly owns 647,938 shares of the company's stock, valued at approximately $55,755,064.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other PennyMac Financial Services news, Director Doug Jones sold 30,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $91.49, for a total value of $2,744,700.00. Following the sale, the director now owns 480,000 shares of the company's stock, valued at approximately $43,915,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Spector sold 26,451 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $86.05, for a total value of $2,276,108.55. Following the completion of the sale, the chief executive officer now directly owns 647,938 shares in the company, valued at approximately $55,755,064.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 136,650 shares of company stock valued at $12,248,387. Corporate insiders own 16.60% of the company's stock.

About PennyMac Financial Services

(Free Report)

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.

Recommended Stories

• Five stocks we like better than PennyMac Financial Services
• The 3 Best Retail Stocks to Shop for in August
• Geron Corporation: FDA Approval Fuels Stock Price Surge
• Intel's Secret Plan for a Double-Digit Stock Rally Revealed
• Conference Calls and Individual Investors
• AMC Stock's Rally: The Hidden Truth and Why It’s Temporary

Should you invest $1,000 in PennyMac Financial Services right now?

Before you consider PennyMac Financial Services, you'll want to hear this.

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.

While PennyMac Financial Services currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here