TD Asset Management Inc. maintained its position in shares of PennyMac Financial Services Inc. (NYSE:PFSI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,100 shares of the real estate investment trust’s stock at the end of the second quarter. TD Asset Management Inc. owned 0.05% of PennyMac Financial Services worth $139,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Societe Generale purchased a new position in shares of PennyMac Financial Services during the second quarter valued at approximately $161,000. SG Americas Securities LLC purchased a new position in shares of PennyMac Financial Services during the second quarter valued at approximately $161,000. Jacobs Levy Equity Management Inc. increased its position in shares of PennyMac Financial Services by 17.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 27,490 shares of the real estate investment trust’s stock valued at $323,000 after buying an additional 4,051 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of PennyMac Financial Services during the second quarter valued at approximately $347,000. Finally, California State Teachers Retirement System increased its position in shares of PennyMac Financial Services by 1.7% in the second quarter. California State Teachers Retirement System now owns 28,526 shares of the real estate investment trust’s stock valued at $356,000 after buying an additional 478 shares in the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

Shares of PennyMac Financial Services Inc. (NYSE:PFSI) traded down 1.96% during mid-day trading on Wednesday, hitting $17.54. 148,979 shares of the company traded hands. PennyMac Financial Services Inc. has a 1-year low of $10.48 and a 1-year high of $18.13. The stock has a market capitalization of $389.27 million, a PE ratio of 8.54 and a beta of 0.59. The firm’s 50 day moving average price is $16.19 and its 200-day moving average price is $13.53.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.07. PennyMac Financial Services had a net margin of 6.20% and a return on equity of 4.30%. The company earned $207.81 million during the quarter, compared to the consensus estimate of $196.53 million. During the same period last year, the firm earned $0.59 EPS. PennyMac Financial Services’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities research analysts forecast that PennyMac Financial Services Inc. will post $2.39 EPS for the current year.

Several research analysts have commented on the stock. Bank of America Corp. upgraded shares of PennyMac Financial Services from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 12th. Zacks Investment Research upgraded shares of PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Saturday. Citigroup Inc. upped their price target on shares of PennyMac Financial Services from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, September 9th. JPMorgan Chase & Co. upped their price target on shares of PennyMac Financial Services from $14.00 to $16.50 and gave the stock a “neutral” rating in a report on Friday, August 5th. Finally, Keefe, Bruyette & Woods set a $18.00 price target on shares of PennyMac Financial Services and gave the stock a “buy” rating in a report on Friday, August 5th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $17.94.

In other PennyMac Financial Services news, insider David M. Walker sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $16.16, for a total value of $161,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Anne Mccallion sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $16.24, for a total transaction of $81,200.00. The disclosure for this sale can be found here. 45.97% of the stock is currently owned by company insiders.

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. It operates through three segments: loan production, loan servicing and investment management.

5 Day Chart for NYSE:PFSI

Want to see what other hedge funds are holding PFSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PennyMac Financial Services Inc. (NYSE:PFSI).

Receive News & Ratings for PennyMac Financial Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennyMac Financial Services Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.