PennyMac Financial Services, Inc. (NYSE:PFSI) insider Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $16.81, for a total value of $84,050.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Anne Mccallion also recently made the following trade(s):

  • On Friday, August 11th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.95, for a total value of $84,750.00.
  • On Wednesday, July 26th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $17.57, for a total value of $87,850.00.
  • On Thursday, July 6th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.77, for a total value of $83,850.00.
  • On Thursday, June 22nd, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $17.25, for a total value of $86,250.00.

Shares of PennyMac Financial Services, Inc. (NYSE:PFSI) remained flat at $16.70 during trading on Thursday. 260,441 shares of the company’s stock were exchanged. PennyMac Financial Services, Inc. has a 1-year low of $15.65 and a 1-year high of $19.35. The stock’s 50-day moving average price is $17.22 and its 200-day moving average price is $16.95. The stock has a market capitalization of $392.62 million, a PE ratio of 5.65 and a beta of 0.61.

PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by $0.22. PennyMac Financial Services had a return on equity of 4.79% and a net margin of 6.87%. The company had revenue of $201.72 million during the quarter, compared to the consensus estimate of $181.89 million. On average, equities analysts expect that PennyMac Financial Services, Inc. will post $2.64 EPS for the current year.

PennyMac Financial Services declared that its board has approved a share buyback program on Wednesday, June 21st that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 137% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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Institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. bought a new position in shares of PennyMac Financial Services in the first quarter worth $101,000. Citigroup Inc. boosted its holdings in shares of PennyMac Financial Services by 1,652.1% in the second quarter. Citigroup Inc. now owns 6,150 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 5,799 shares during the period. American International Group Inc. raised its position in shares of PennyMac Financial Services by 7.2% in the first quarter. American International Group Inc. now owns 8,384 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 562 shares in the last quarter. Voya Investment Management LLC purchased a new stake in shares of PennyMac Financial Services in the second quarter worth $174,000. Finally, Menta Capital LLC purchased a new stake in shares of PennyMac Financial Services in the first quarter worth $202,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on PFSI shares. ValuEngine cut PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 6th. TheStreet cut PennyMac Financial Services from a “b-” rating to a “c+” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research cut PennyMac Financial Services from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $19.86.

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)

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