Recent stock analyses for PennyMac Financial Services show varied opinions. Keefe, Bruyette & Woods downgraded the stock from “outperform” to “market perform,” setting a price target of $102. Wedbush raised their target from $110 to $120, maintaining an “outperform” rating. Piper Sandler increased their target from $112 to $125 with an “overweight” rating. Meanwhile, StockNews.com downgraded it from “hold” to “sell.” Overall, one analyst recommends selling, two suggest holding, and four favor buying, with an average rating of “Hold” and a target price of $111.50 according to MarketBeat.
PennyMac Financial Services Stock Update
PennyMac stock rose 1.0%, trading at $107.15 midday with a volume of 53,648 shares. Its 50-day moving average is $105.21, and the 200-day average is $96.71. The stock’s 12-month low is $62.15 and high is $119.13. Its market cap stands at $5.46 billion, with a PE ratio of 37.15. The recent earnings report on July 23rd showed earnings per share of $1.85, below the expected $2.65, but revenues were up 20.7% year-over-year, totaling $406.13 million.
Insider Trades
CFO Daniel Stanley Perotti sold 10,500 shares at $112.93, totaling $1,185,765, while Director Anne McCallion sold 23,829 shares at $103.14 for $2,457,723. These sales mark a 0.00% change in their positions. Over the past 90 days, insiders have sold 89,855 shares, with insiders owning 16.60% of the stock.
Institutional Ownership
Recent changes in institutional holdings include Blue Trust Inc., which increased its position by 1,529.6%, owning 440 shares now valued at $40,000. Other investors, like Hexagon Capital Partners and SG Americas Securities, also boosted their positions. Currently, institutional investors hold 57.87% of the stock.
About PennyMac Financial Services
PennyMac Financial Services, Inc. focuses on mortgage banking and investment management in the U.S. Its operations include production, servicing, and investment management.
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