PennyMac Financial Services, Inc. (NYSE:PFSI) insider David M. Walker sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $18.63, for a total value of $186,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Monday, October 16th, David M. Walker sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $18.13, for a total value of $90,650.00.
  • On Tuesday, October 17th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $18.17, for a total value of $181,700.00.
  • On Wednesday, September 20th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $17.55, for a total value of $175,500.00.
  • On Thursday, September 7th, David M. Walker sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $16.72, for a total value of $83,600.00.
  • On Thursday, August 24th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $17.05, for a total value of $170,500.00.

PennyMac Financial Services, Inc. (PFSI) traded up $0.10 during trading on Tuesday, reaching $18.65. The company’s stock had a trading volume of 134,700 shares, compared to its average volume of 174,031. PennyMac Financial Services, Inc. has a 1-year low of $15.65 and a 1-year high of $19.35. The stock has a market cap of $431.99, a price-to-earnings ratio of 7.08, a PEG ratio of 1.66 and a beta of 0.63. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 1.66.

PennyMac Financial Services (NYSE:PFSI) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.71. PennyMac Financial Services had a return on equity of 4.11% and a net margin of 6.47%. The firm had revenue of $250.64 million for the quarter, compared to analyst estimates of $238.59 million. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. sell-side analysts forecast that PennyMac Financial Services, Inc. will post 2.24 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in shares of PennyMac Financial Services by 18.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,390 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 2,094 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of PennyMac Financial Services by 14.5% during the 2nd quarter. Wells Fargo & Company MN now owns 100,657 shares of the real estate investment trust’s stock valued at $1,681,000 after buying an additional 12,778 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of PennyMac Financial Services by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 1,544,525 shares of the real estate investment trust’s stock valued at $26,334,000 after buying an additional 105,654 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of PennyMac Financial Services by 30.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 404,802 shares of the real estate investment trust’s stock valued at $6,902,000 after buying an additional 95,626 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of PennyMac Financial Services by 63.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 29,800 shares of the real estate investment trust’s stock valued at $498,000 after buying an additional 11,600 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

PFSI has been the topic of several recent research reports. Zacks Investment Research lowered PennyMac Financial Services from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 25th. BidaskClub upgraded PennyMac Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Piper Jaffray Companies restated a “buy” rating on shares of PennyMac Financial Services in a research report on Tuesday, September 19th. Finally, ValuEngine lowered PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $20.33.

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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