Pennymac

This is due to the plethora of different operations PennyMac is involved in. In 2019, PennyMac posted outstanding results due to decreasing interest rates.

Federated Hermes Inc. lifted its holdings in PennyMac Mortgage Investment Trust by 54.9% during the 3rd quarter.

Jefferies Financial Group started coverage on PennyMac Financial Services in a research note on Monday, July 17th.

Based on data from MarketBeat, PennyMac Financial Services presently has an average rating of “Moderate Buy” and a consensus target price of $92.

Finally, Van ECK Associates Corp grew its stake in shares of PennyMac Mortgage Investment Trust by 34.4% in the second quarter.

In other PennyMac Mortgage Investment Trust news, Director sold 35,000 shares of the stock in a transaction on Thursday, December 14th.

JMP Securities increased their price target on PennyMac Mortgage Investment Trust from $15.00 to $15.50 and gave the stock a “market outperform” rating in a research report on Friday.

PennyMac Financial Services () last released its quarterly earnings data on Tuesday, October 22nd.

PennyMac Financial Services (NYSE:PFSI) Rating Increased to Hold at StockNews.

Sell-side analysts forecast that PennyMac Financial Services, Inc. will post 11.88 EPS for the current fiscal year.

SG Americas Securities LLC grew its holdings in shares of PennyMac Financial Services by 36.9% in the second quarter.

TFO Wealth Partners LLC increased its stake in PennyMac Financial Services by 16,300.0% in the fourth quarter.

This is an increase from PennyMac Financial Services’s previous quarterly dividend of $0.20.

Tower Research Capital LLC TRC lifted its stake in shares of PennyMac Financial Services by 59.9% during the 1st quarter.

Finally, Credit Suisse Group upgraded shares of PennyMac Financial Services from a “neutral” rating to an “outperform” rating and set a $36.00 price objective for the company in a research report on Monday, April 13th.

Par Capital Management Inc. lifted its stake in PennyMac Financial Services by 25.6% in the second quarter.

Quantitative Systematic Strategies purchased a new position in PennyMac Mortgage Investment Trust during the 4th quarter valued at $1,002,000.

Zacks Investment Research cut shares of PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Tuesday.

Adams Diversified Equity Fund Inc. purchased a new position in shares of PennyMac Financial Services during the second quarter worth about $625,000.

Barclays set a $19.00 price objective on shares of PennyMac Mortgage Investment Trust and gave the stock a “hold” rating in a report on Friday.