Recent analyst reports on PennyMac Financial Services (NYSE:PFSI) show varied ratings:
- Keefe, Bruyette & Woods lowered their rating from “outperform” to “market perform” with a target price 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.
- StockNews.com downgraded it from “hold” to “sell.”
Currently, one analyst rates it as a sell, two as hold, and four as buy, giving an average rating of “Hold” and a target price of $111.50.
View Our Latest Stock Report on PennyMac Financial Services
PennyMac Financial Services Trading Update
PennyMac shares rose by $1.04 to $107.15 on Tuesday, with a trading volume of 53,648 shares. The stock has a 50-day moving average of $105.21 and a 200-day average of $96.71. Over the past year, the stock’s low was $62.15 and high was $119.13.
In their last quarterly earnings on July 23, they reported $1.85 EPS, missing estimates of $2.65, with a revenue of $406.13 million, below the projected $469.64 million. For the current year, analysts expect an EPS of 10.61.
Recent 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, worth $2,457,723. Over the past three months, insiders have sold 89,855 shares. Currently, insiders own 16.60% of the stock.
Institutional Holdings
Recent institutional activity includes:
- Blue Trust Inc. increased their holdings by 1,529.6% in Q2.
- Hexagon Capital Partners LLC raised their stake by 29.6%.
57.87% of the stock is owned by institutional investors and hedge funds.
About PennyMac Financial Services
PennyMac Financial Services, Inc. operates in mortgage banking and investment management through its subsidiaries, focusing on loan origination, acquisition, and sales.
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