Jeffrey Grogin Sells 5,000 Shares of PennyMac Financial Services Inc (PFSI) Stock

PennyMac Financial Services Inc (NYSE:PFSI) insider Jeffrey Grogin sold 5,000 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $22.65, for a total value of $113,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of PennyMac Financial Services Inc (NYSE PFSI) traded down $0.60 during trading hours on Monday, reaching $22.25. The company’s stock had a trading volume of 138,125 shares, compared to its average volume of 155,649. The company has a market cap of $518.17, a P/E ratio of 11.59, a PEG ratio of 1.51 and a beta of 0.68. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.16 and a quick ratio of 0.16. PennyMac Financial Services Inc has a 52-week low of $15.65 and a 52-week high of $24.00.

PennyMac Financial Services (NYSE:PFSI) last announced its quarterly earnings data 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. The firm had revenue of $250.64 million during the quarter, compared to the consensus estimate of $238.59 million. PennyMac Financial Services had a return on equity of 4.11% and a net margin of 6.47%. 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 2.29 EPS for the current year.

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods lowered PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. Zacks Investment Research raised PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Saturday, January 6th. Barclays set a $25.00 price target on PennyMac Financial Services and gave the company a “buy” rating in a research report on Tuesday, December 12th. Finally, ValuEngine raised PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 15th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $23.50.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in PennyMac Financial Services by 5.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,634,763 shares of the real estate investment trust’s stock valued at $27,301,000 after purchasing an additional 90,238 shares during the period. Mangrove Partners bought a new position in PennyMac Financial Services in the 3rd quarter valued at $12,760,000. Dimensional Fund Advisors LP grew its stake in PennyMac Financial Services by 17.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 625,742 shares of the real estate investment trust’s stock valued at $11,138,000 after purchasing an additional 93,918 shares during the period. JPMorgan Chase & Co. grew its stake in PennyMac Financial Services by 2.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 397,176 shares of the real estate investment trust’s stock valued at $6,633,000 after purchasing an additional 10,969 shares during the period. Finally, State Street Corp grew its stake in PennyMac Financial Services by 4.7% in the 2nd quarter. State Street Corp now owns 232,505 shares of the real estate investment trust’s stock valued at $3,881,000 after purchasing an additional 10,361 shares during the period. Hedge funds and other institutional investors own 89.55% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/01/29/jeffrey-grogin-sells-5000-shares-of-pennymac-financial-services-inc-pfsi-stock.html.

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennyMac Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply