PennyMac Financial Services (NYSE:PFSI – Get Free Report) had its price objective decreased by equities research analysts at Keefe, Bruyette & Woods from $108.00 to $100.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 31.44% from the company’s previous close.
A number of other equities analysts also recently weighed in on PFSI. Stephens cut their price target on shares of PennyMac Financial Services from $91.00 to $78.00 and set an “equal weight” rating on the stock in a report on Thursday. Wells Fargo & Company reduced their target price on shares of PennyMac Financial Services from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday. BTIG Research cut their price target on PennyMac Financial Services from $105.00 to $90.00 and set a “buy” rating for the company in a report on Thursday. Piper Sandler cut PennyMac Financial Services from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $106.00 to $86.00 in a research report on Thursday. Finally, Weiss Ratings cut shares of PennyMac Financial Services from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $104.88.
Check Out Our Latest Research Report on PFSI
PennyMac Financial Services Stock Down 11.6%
PennyMac Financial Services (NYSE:PFSI – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.72). The company had revenue of $566.00 million for the quarter, compared to the consensus estimate of $571.60 million. PennyMac Financial Services had a return on equity of 11.21% and a net margin of 17.74%.The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.54 EPS. On average, research analysts expect that PennyMac Financial Services will post 9.77 earnings per share for the current fiscal year.
Insider Activity
In other news, CAO Gregory L. Hendry sold 2,943 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $81.71, for a total transaction of $240,472.53. Following the completion of the transaction, the chief accounting officer directly owned 48,968 shares of the company’s stock, valued at $4,001,175.28. The trade was a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Spector sold 10,000 shares of PennyMac Financial Services stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $87.99, for a total value of $879,900.00. Following the completion of the sale, the chief executive officer directly owned 60,604 shares of the company’s stock, valued at $5,332,545.96. The trade was a 14.16% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 18,045 shares of company stock worth $1,565,470 over the last three months. 15.80% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. AQR Capital Management LLC raised its stake in PennyMac Financial Services by 3.8% during the 1st quarter. AQR Capital Management LLC now owns 24,012 shares of the real estate investment trust’s stock valued at $2,404,000 after purchasing an additional 875 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in PennyMac Financial Services by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,923 shares of the real estate investment trust’s stock worth $1,594,000 after purchasing an additional 706 shares during the period. Intech Investment Management LLC grew its holdings in PennyMac Financial Services by 5.8% during the 1st quarter. Intech Investment Management LLC now owns 15,382 shares of the real estate investment trust’s stock valued at $1,540,000 after buying an additional 840 shares in the last quarter. Strs Ohio purchased a new stake in PennyMac Financial Services during the 1st quarter valued at approximately $30,000. Finally, Prudential Financial Inc. raised its position in shares of PennyMac Financial Services by 82.8% during the second quarter. Prudential Financial Inc. now owns 4,084 shares of the real estate investment trust’s stock valued at $413,000 after buying an additional 1,850 shares during the last quarter. 57.87% of the stock is owned by hedge funds and other institutional investors.
Key Headlines Impacting PennyMac Financial Services
Here are the key news stories impacting PennyMac Financial Services this week:
- Positive Sentiment: Wells Fargo maintained an “overweight” rating on PFSI and continues to see substantial upside, despite reducing its price target from $100 to $95. The new target implies approximately 24.9% upside from $76.08. PennyMac Financial Services Price Target Cut by Wells Fargo
- Positive Sentiment: PennyMac declared a quarterly dividend of $0.30 per share, payable August 27 to shareholders of record August 17. The annualized dividend provides a yield of roughly 1.4%, offering modest income support. Why PennyMac Financial Services Stock Is Falling
- Neutral Sentiment: Second-quarter revenue increased 11.8% year over year to $566 million, showing continued business growth, but the result was slightly below the $571.6 million analyst estimate. PennyMac Reports Second Quarter 2026 Results
- Negative Sentiment: Adjusted earnings of $1.39 per share missed the $2.11 consensus estimate by $0.72 and declined from $2.54 in the year-earlier quarter. The earnings miss is the primary catalyst for investor selling and raises concerns about near-term profitability. PennyMac Q2 Earnings and Revenues Miss Estimates
- Negative Sentiment: The Rosen Law Firm said it is investigating potential securities claims alleging that PennyMac issued materially misleading business information. The announcement does not establish wrongdoing, but it adds legal and reputational risk. Rosen Law Firm Investor Notice
About PennyMac Financial Services
PennyMac Financial Services, Inc (NYSE: PFSI) is a leading mortgage banking company based in Westlake Village, California. The firm operates through two primary business segments: Production and Mortgage Servicing Rights (MSR). In its Production segment, PennyMac originates residential mortgage loans through retail, wholesale and correspondent channels, focusing on both purchase and refinance transactions. The MSR segment involves the acquisition and servicing of mortgage loans, whereby the company earns fees for managing loan portfolios on behalf of investors.
Since its founding in 2008, PennyMac has grown through a combination of organic origination and strategic acquisition of servicing rights, positioning itself as one of the largest residential mortgage loan servicers in the United States.
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