Analysts have given mixed reviews on PennyMac Financial Services’ stock. Keefe, Bruyette & Woods downgraded it from outperform to market perform with a target price of $102. Wedbush raised their target from $110 to $120 with a rating of outperform on July 24. Piper Sandler increased their target from $112 to $125, rating it overweight. StockNews.com changed its rating from hold to sell on July 3. Currently, one analyst rates it as a sell, two as hold, and four as buy, resulting in an average rating of Hold and a target price of $111.50 according to MarketBeat.
View Our Latest Stock Report on PennyMac Financial Services
PennyMac Financial Services Gains 1.0%
PennyMac stock increased $1.04 during midday trading on Tuesday, reaching $107.15 with a volume of 53,648 shares. The 50-day and 200-day moving averages are $105.21 and $96.71, respectively. The stock’s one-year low is $62.15, and the high is $119.13. Key metrics include a debt-to-equity ratio of 2.75, a quick ratio of 0.37, and a market cap of $5.46 billion. The last quarterly earnings reported on July 23 showed an EPS of $1.85, missing estimates of $2.65, with revenues of $406.13 million.
Insider Transactions at PennyMac
CFO Daniel Perotti sold 10,500 shares at $112.93, totaling $1,185,765. He retains 235,997 shares worth about $26.65 million. Director Anne McCallion sold 23,829 shares at $103.14 for $2,457,723. Insiders have sold a total of 89,855 shares in the past 90 days, representing about 16.60% ownership.
Institutional Trading Activity
Institutional investors have adjusted their holdings. Blue Trust Inc. boosted its stake by 1,529.6%, now owning 440 shares. Hexagon Capital increased its position by 29.6%, owning 477 shares. Overall, 57.87% of PennyMac stock is held by institutional investors.
About PennyMac Financial Services
PennyMac Financial Services engages in mortgage banking and investment management in the U.S., operating in Production, Servicing, and Investment Management segments.
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