QS Investors LLC Has $1,153,000 Holdings in PennyMac Financial Services, Inc. (PFSI)

QS Investors LLC continued to hold its position in PennyMac Financial Services, Inc. (NYSE:PFSI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,032 shares of the real estate investment trust’s stock at the end of the second quarter. QS Investors LLC owned about 0.29% of PennyMac Financial Services worth $1,153,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PFSI. Alps Advisors Inc. grew its holdings in shares of PennyMac Financial Services by 0.3% in the second quarter. Alps Advisors Inc. now owns 27,680 shares of the real estate investment trust’s stock worth $462,000 after purchasing an additional 72 shares during the last quarter. American International Group Inc. grew its holdings in shares of PennyMac Financial Services by 7.2% in the first quarter. American International Group Inc. now owns 8,384 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 562 shares during the last quarter. Strs Ohio grew its holdings in shares of PennyMac Financial Services by 2.7% in the second quarter. Strs Ohio now owns 38,700 shares of the real estate investment trust’s stock worth $646,000 after purchasing an additional 1,000 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of PennyMac Financial Services by 17.6% in the second quarter. Victory Capital Management Inc. now owns 6,964 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 1,042 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of PennyMac Financial Services by 0.6% in the second quarter. Alliancebernstein L.P. now owns 176,645 shares of the real estate investment trust’s stock worth $2,950,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Shares of PennyMac Financial Services, Inc. (NYSE:PFSI) opened at 18.25 on Thursday. The stock has a market capitalization of $429.06 million, a price-to-earnings ratio of 6.17 and a beta of 0.62. The firm’s 50 day moving average is $17.44 and its 200 day moving average is $16.95. PennyMac Financial Services, Inc. has a 52-week low of $15.65 and a 52-week high of $19.35.

PennyMac Financial Services (NYSE:PFSI) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.22). PennyMac Financial Services had a return on equity of 4.79% and a net margin of 6.87%. The company had revenue of $201.72 million for the quarter, compared to analyst estimates of $181.89 million. Equities analysts expect that PennyMac Financial Services, Inc. will post $2.64 earnings per share for the current year.

PennyMac Financial Services announced that its board has authorized a stock repurchase program on Wednesday, June 21st that allows the company to buyback $50.00 million in shares. This buyback authorization allows the real estate investment trust to reacquire up to 137% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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A number of analysts recently weighed in on PFSI shares. BidaskClub raised shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of PennyMac Financial Services in a research note on Tuesday, September 19th. ValuEngine raised shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 23rd. Finally, Zacks Investment Research lowered shares of PennyMac Financial Services from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $20.25.

In other news, insider David M. Walker sold 10,000 shares of the business’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $18.09, for a total transaction of $180,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew Botein sold 2,841 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $17.35, for a total value of $49,291.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 168,565 shares of company stock valued at $2,911,053. Corporate insiders own 45.64% of the company’s stock.

About PennyMac Financial Services

PennyMac Financial Services, Inc (PFSI) is a financial services company. The Company is focused on the production and servicing of the United States residential mortgage loans and the management of investments related to the United States mortgage market. The Company operates through three segments: loan production, loan servicing and investment management.

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

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