Insider Selling: PennyMac Financial Services Inc (PFSI) Insider Sells 1,524 Shares of Stock

PennyMac Financial Services Inc (NYSE:PFSI) insider Anne Mccallion sold 1,524 shares of the stock in a transaction that occurred on Saturday, April 21st. The stock was sold at an average price of $16.60, for a total transaction of $25,298.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Thursday, January 18th, Anne Mccallion sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $23.14, for a total transaction of $231,400.00.
  • On Thursday, January 4th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $23.82, for a total transaction of $119,100.00.
  • On Thursday, December 21st, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.04, for a total transaction of $110,200.00.
  • On Thursday, December 7th, Anne Mccallion sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $21.58, for a total transaction of $215,800.00.
  • On Wednesday, November 22nd, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $19.76, for a total transaction of $98,800.00.

PennyMac Financial Services Inc (PFSI) traded up $0.20 during trading on Monday, hitting $22.15. 183,065 shares of the stock traded hands, compared to its average volume of 192,468. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a market cap of $511.17, a PE ratio of 5.46, a P/E/G ratio of 1.40 and a beta of 0.64. PennyMac Financial Services Inc has a 12-month low of $15.65 and a 12-month high of $24.00.

PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). The company had revenue of $298.63 million for the quarter, compared to analysts’ expectations of $238.86 million. PennyMac Financial Services had a net margin of 10.55% and a return on equity of 3.62%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS. equities research analysts forecast that PennyMac Financial Services Inc will post 3.13 EPS for the current year.

Several analysts have issued reports on PFSI shares. Zacks Investment Research upgraded shares of PennyMac Financial Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. ValuEngine upgraded shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Barclays set a $25.00 target price on shares of PennyMac Financial Services and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods cut shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. PennyMac Financial Services presently has a consensus rating of “Buy” and an average target price of $24.00.

Institutional investors have recently bought and sold shares of the company. Citigroup Inc. raised its position in shares of PennyMac Financial Services by 1,652.1% during the 2nd quarter. Citigroup Inc. now owns 6,150 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 5,799 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of PennyMac Financial Services during the 4th quarter valued at $231,000. Voya Investment Management LLC purchased a new stake in shares of PennyMac Financial Services during the 2nd quarter valued at $174,000. Victory Capital Management Inc. raised its position in shares of PennyMac Financial Services by 52.0% during the 3rd quarter. Victory Capital Management Inc. now owns 10,585 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 3,621 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of PennyMac Financial Services by 11.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,732 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 1,312 shares in the last quarter. Hedge funds and other institutional investors own 89.47% of the company’s stock.

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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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