Barclays Analysts Give PennyMac Financial Services (PFSI) a $27.00 Price Target
PennyMac Financial Services (NYSE:PFSI) received a $27.00 target price from equities researchers at Barclays in a report issued on Sunday. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Barclays’ target price indicates a potential upside of 23.01% from the company’s current price.
PFSI has been the topic of several other research reports. Keefe, Bruyette & Woods lowered shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. Zacks Investment Research raised shares of PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Saturday, January 6th. Finally, ValuEngine raised shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 15th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. PennyMac Financial Services has an average rating of “Buy” and an average price target of $24.00.
Shares of PennyMac Financial Services (NYSE:PFSI) opened at $21.95 on Friday. The stock has a market cap of $511.17, a price-to-earnings ratio of 5.41, a price-to-earnings-growth ratio of 1.40 and a beta of 0.64. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 1.66. PennyMac Financial Services has a fifty-two week low of $15.65 and a fifty-two week high of $24.00.
In other news, insider Anne Mccallion sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $19.76, for a total value of $98,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey Grogin sold 15,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $21.56, for a total transaction of $323,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 271,360 shares of company stock worth $5,923,617. 45.64% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Citigroup Inc. lifted its position in PennyMac Financial Services by 1,652.1% during the 2nd quarter. Citigroup Inc. now owns 6,150 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 5,799 shares in the last quarter. Citadel Advisors LLC acquired a new position in PennyMac Financial Services during the 4th quarter worth about $231,000. Voya Investment Management LLC acquired a new position in PennyMac Financial Services during the 2nd quarter worth about $174,000. Victory Capital Management Inc. lifted its position in PennyMac Financial Services by 52.0% during the 3rd quarter. Victory Capital Management Inc. now owns 10,585 shares of the real estate investment trust’s stock worth $188,000 after buying an additional 3,621 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in PennyMac Financial Services by 11.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,732 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 1,312 shares in the last quarter. 89.47% of the stock is currently owned by institutional investors and hedge funds.
PennyMac Financial Services Company Profile
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.
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