PennyMac Financial Services, Inc. (NYSE:PFSI) insider David M. Walker sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $16.99, for a total transaction of $169,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

David M. Walker also recently made the following trade(s):

  • On Tuesday, June 27th, David M. Walker sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $16.61, for a total transaction of $83,050.00.
  • On Wednesday, June 28th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $16.74, for a total transaction of $167,400.00.
  • On Friday, June 2nd, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $16.27, for a total transaction of $162,700.00.
  • On Friday, May 19th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $16.20, for a total transaction of $162,000.00.
  • On Wednesday, April 19th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $16.47, for a total transaction of $164,700.00.

PennyMac Financial Services, Inc. (NYSE:PFSI) traded up 2.03% on Thursday, reaching $17.55. 144,409 shares of the company traded hands. PennyMac Financial Services, Inc. has a one year low of $11.47 and a one year high of $19.35. The stock has a market capitalization of $410.51 million, a PE ratio of 5.52 and a beta of 0.59. The firm has a 50 day moving average of $16.47 and a 200-day moving average of $16.93.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.17. PennyMac Financial Services had a net margin of 7.23% and a return on equity of 5.19%. The firm had revenue of $204.50 million during the quarter, compared to analyst estimates of $231.82 million. During the same period in the prior year, the company earned $0.23 EPS. The business’s quarterly revenue was up 42.9% compared to the same quarter last year. On average, analysts anticipate that PennyMac Financial Services, Inc. will post $2.60 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/13/pennymac-financial-services-inc-pfsi-insider-david-m-walker-sells-10000-shares.html.

Several brokerages have recently commented on PFSI. Zacks Investment Research cut shares of PennyMac Financial Services from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $21.00 price target on shares of PennyMac Financial Services in a research report on Thursday, April 6th. TheStreet cut shares of PennyMac Financial Services from a “b-” rating to a “c+” rating in a research report on Friday, June 2nd. Finally, ValuEngine upgraded shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 23rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. PennyMac Financial Services currently has an average rating of “Buy” and a consensus price target of $19.44.

Hedge funds have recently added to or reduced their stakes in the stock. New England Research & Management Inc. purchased a new stake in PennyMac Financial Services during the second quarter worth $464,000. Nuveen Asset Management LLC purchased a new stake in PennyMac Financial Services during the first quarter worth $308,000. Goldman Sachs Group Inc. increased its stake in PennyMac Financial Services by 18.5% in the first quarter. Goldman Sachs Group Inc. now owns 13,390 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 2,094 shares in the last quarter. AQR Capital Management LLC purchased a new stake in PennyMac Financial Services during the first quarter worth $1,179,000. Finally, Dimensional Fund Advisors LP increased its stake in PennyMac Financial Services by 30.9% in the first quarter. Dimensional Fund Advisors LP now owns 404,802 shares of the real estate investment trust’s stock worth $6,902,000 after buying an additional 95,626 shares in the last quarter. 85.84% of the stock is owned by institutional investors and hedge funds.

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

Insider Buying and Selling by Quarter for PennyMac Financial Services (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 MarketBeat.com's FREE daily email newsletter.