Jeffrey Grogin Sells 10,000 Shares of PennyMac Financial Services Inc (PFSI) Stock

PennyMac Financial Services Inc (NYSE:PFSI) insider Jeffrey Grogin sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $22.33, for a total transaction of $223,300.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Jeffrey Grogin also recently made the following trade(s):

  • On Monday, January 29th, Jeffrey Grogin sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.26, for a total transaction of $111,300.00.
  • On Wednesday, January 31st, Jeffrey Grogin sold 15,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.20, for a total transaction of $333,000.00.
  • On Friday, January 26th, Jeffrey Grogin sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.65, for a total transaction of $113,250.00.

Shares of PennyMac Financial Services Inc (NYSE PFSI) traded down $0.65 during trading hours on Monday, reaching $21.65. 153,608 shares of the company’s stock traded hands, compared to its average volume of 151,875. PennyMac Financial Services Inc has a 1 year low of $15.65 and a 1 year high of $24.00. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market capitalization of $519.32, a P/E ratio of 8.26, a PEG ratio of 1.48 and a beta of 0.64.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in PennyMac Financial Services by 5.8% in the second 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 in the last quarter. Mangrove Partners bought a new stake in PennyMac Financial Services in the third quarter valued at approximately $12,760,000. Dimensional Fund Advisors LP increased its stake in PennyMac Financial Services by 17.7% in the third 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 in the last quarter. State Street Corp increased its stake in PennyMac Financial Services by 4.7% in the second 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 in the last quarter. Finally, Northern Trust Corp increased its stake in PennyMac Financial Services by 12.9% in the second quarter. Northern Trust Corp now owns 188,164 shares of the real estate investment trust’s stock valued at $3,143,000 after purchasing an additional 21,525 shares in the last quarter. 89.53% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on PFSI shares. Zacks Investment Research raised shares of PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Thursday, January 18th. Barclays set a $25.00 target price on shares of PennyMac Financial Services and gave the company a “buy” rating in a research note on Tuesday, December 12th. Keefe, Bruyette & Woods downgraded shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Finally, ValuEngine raised shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $23.50.

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About PennyMac Financial Services

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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