Mercer World Advisors Inc. ADV elevated its stake in PennyMac Monetary Companies, Inc. (NYSE:PFSI – Free Report) by 6.4% within the 2nd quarter, in accordance with the corporate in its most up-to-date submitting with the SEC. The fund owned 33,209 shares of the true property funding belief’s inventory after buying a further 1,988 shares through the quarter. Mercer World Advisors Inc. ADV’s holdings in PennyMac Monetary Companies have been value $3,142,000 on the finish of the newest reporting interval.
Quite a lot of different massive buyers have additionally not too long ago added to or lowered their stakes within the inventory. Hexagon Capital Companions LLC lifted its stake in shares of PennyMac Monetary Companies by 29.6% within the second quarter. Hexagon Capital Companions LLC now owns 477 shares of the true property funding belief’s inventory value $45,000 after shopping for a further 109 shares over the past quarter. QRG Capital Administration Inc. lifted its place in PennyMac Monetary Companies by 0.7% through the 1st quarter. QRG Capital Administration Inc. now owns 33,892 shares of the true property funding belief’s inventory value $3,087,000 after buying a further 232 shares over the past quarter. MorganRosel Wealth Administration LLC boosted its holdings in PennyMac Monetary Companies by 2.2% through the first quarter. MorganRosel Wealth Administration LLC now owns 10,811 shares of the true property funding belief’s inventory valued at $985,000 after buying a further 236 shares through the interval. Arizona State Retirement System grew its place in shares of PennyMac Monetary Companies by 2.9% within the second quarter. Arizona State Retirement System now owns 11,999 shares of the true property funding belief’s inventory valued at $1,135,000 after buying a further 336 shares over the past quarter. Lastly, ProShare Advisors LLC elevated its stake in shares of PennyMac Monetary Companies by 8.5% within the first quarter. ProShare Advisors LLC now owns 4,587 shares of the true property funding belief’s inventory value $418,000 after buying a further 361 shares through the interval. Institutional buyers personal 57.87% of the corporate’s inventory.
Wall Avenue Analyst Weigh In
A number of analysts not too long ago weighed in on the corporate. Keefe, Bruyette & Woods downgraded PennyMac Monetary Companies from an “outperform” ranking to a “market carry out” ranking and set a $102.00 goal worth for the corporate. in a analysis be aware on Monday, July twenty second. Piper Sandler raised their worth goal on shares of PennyMac Monetary Companies from $110.00 to $112.00 and gave the inventory an “obese” ranking in a analysis be aware on Wednesday, July twenty fourth. StockNews.com lowered shares of PennyMac Monetary Companies from a “maintain” ranking to a “promote” ranking in a analysis report on Wednesday, July third. Lastly, Wedbush raised their worth goal on shares of PennyMac Monetary Companies from $110.00 to $120.00 and gave the inventory an “outperform” ranking in a analysis report on Wednesday, July twenty fourth. One funding analyst has rated the inventory with a promote ranking, two have assigned a maintain ranking and 4 have assigned a purchase ranking to the inventory. In response to MarketBeat, the corporate presently has a consensus ranking of “Maintain” and a median worth goal of $107.17.
View Our Newest Inventory Report on PennyMac Monetary Companies
Insider Shopping for and Promoting
In different PennyMac Monetary Companies information, insider Steven Richard Bailey bought 14,130 shares of the corporate’s inventory in a transaction on Monday, September sixteenth. The inventory was bought at a median worth of $116.88, for a complete worth of $1,651,514.40. Following the sale, the insider now straight owns 14,670 shares within the firm, valued at $1,714,629.60. The sale was disclosed in a doc filed with the Securities & Change Fee, which is accessible by way of this hyperlink. In different PennyMac Monetary Companies information, CEO David Spector bought 10,000 shares of the enterprise’s inventory in a transaction dated Wednesday, July tenth. The shares have been bought at a median worth of $92.06, for a complete worth of $920,600.00. Following the transaction, the chief government officer now straight owns 220,604 shares within the firm, valued at $20,308,804.24. The transaction was disclosed in a doc filed with the SEC, which is obtainable by way of this hyperlink. Additionally, insider Steven Richard Bailey bought 14,130 shares of the agency’s inventory in a transaction that occurred on Monday, September sixteenth. The inventory was bought at a median worth of $116.88, for a complete transaction of $1,651,514.40. Following the sale, the insider now straight owns 14,670 shares of the corporate’s inventory, valued at roughly $1,714,629.60. The disclosure for this sale may be discovered right here. Insiders bought 79,355 shares of firm inventory value $8,306,734 within the final 90 days. 16.60% of the inventory is owned by firm insiders.
PennyMac Monetary Companies Inventory Down 1.6 %
PFSI opened at $111.80 on Monday. PennyMac Monetary Companies, Inc. has a fifty-two week low of $62.15 and a fifty-two week excessive of $119.13. The corporate has a market capitalization of $5.69 billion, a P/E ratio of 38.82, a P/E/G ratio of 0.75 and a beta of 1.77. The corporate has a debt-to-equity ratio of two.75, a present ratio of 0.37 and a fast ratio of 0.37. The agency’s fifty day transferring common worth is $102.81 and its two-hundred day transferring common worth is $94.83.
PennyMac Monetary Companies (NYSE:PFSI – Get Free Report) final posted its earnings outcomes on Tuesday, July twenty third. The actual property funding belief reported $1.85 earnings per share for the quarter, lacking analysts’ consensus estimates of $2.65 by ($0.80). The enterprise had income of $406.13 million through the quarter, in comparison with the consensus estimate of $469.64 million. PennyMac Monetary Companies had a web margin of 13.13% and a return on fairness of 12.69%. The enterprise’s income was up 20.7% in comparison with the identical quarter final 12 months. Throughout the identical interval within the earlier 12 months, the agency earned $1.11 EPS. On common, analysts anticipate that PennyMac Monetary Companies, Inc. will submit 10.61 EPS for the present 12 months.
PennyMac Monetary Companies Will increase Dividend
The enterprise additionally not too long ago introduced a quarterly dividend, which was paid on Friday, August twenty third. Traders of document on Tuesday, August thirteenth got a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Tuesday, August thirteenth. This is a rise from PennyMac Monetary Companies’s earlier quarterly dividend of $0.20. PennyMac Monetary Companies’s dividend payout ratio (DPR) is 41.67%.
About PennyMac Monetary Companies
PennyMac Monetary Companies, Inc, by way of its subsidiaries, engages within the mortgage banking and funding administration actions in the USA. The corporate operates by way of three segments: Manufacturing, Servicing, and Funding Administration. The Manufacturing section is concerned within the origination, acquisition, and sale of loans.
See Additionally
Wish to see what different hedge funds are holding PFSI? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for PennyMac Monetary Companies, Inc. (NYSE:PFSI – Free Report).
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