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

PennyMac Financial Services Inc (NYSE:PFSI) insider Jeffrey Grogin sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $22.04, for a total value of $220,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Thursday, February 8th, Jeffrey Grogin sold 15,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $21.56, for a total value of $323,400.00.
  • On Monday, February 5th, Jeffrey Grogin sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.33, for a total value of $223,300.00.
  • On Monday, January 29th, Jeffrey Grogin sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.26, for a total value of $111,300.00.
  • On Wednesday, January 31st, Jeffrey Grogin sold 15,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.20, for a total value of $333,000.00.
  • On Friday, January 26th, Jeffrey Grogin sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.65, for a total value of $113,250.00.

Shares of PennyMac Financial Services Inc (PFSI) traded up $0.25 during mid-day trading on Tuesday, reaching $22.40. The company had a trading volume of 162,924 shares, compared to its average volume of 191,481. The stock has a market capitalization of $514.68, a PE ratio of 5.43, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.16 and a current ratio of 0.16.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings results 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 firm had revenue of $298.63 million during the quarter, compared to analysts’ expectations of $238.86 million. PennyMac Financial Services had a return on equity of 3.62% and a net margin of 10.55%. PennyMac Financial Services’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.00 earnings per share. equities research analysts predict that PennyMac Financial Services Inc will post 3.13 earnings per share for the current year.

Several research firms have recently issued reports on PFSI. Barclays set a $27.00 target price on PennyMac Financial Services and gave the company a “buy” rating in a research note on Sunday. Zacks Investment Research cut PennyMac Financial Services from a “hold” rating to a “sell” rating in a research note on Tuesday. Keefe, Bruyette & Woods cut PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Finally, ValuEngine raised PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $24.00.

Hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN grew its stake in PennyMac Financial Services by 14.5% in the second quarter. Wells Fargo & Company MN now owns 100,657 shares of the real estate investment trust’s stock worth $1,681,000 after purchasing an additional 12,778 shares during the period. Aperio Group LLC grew its stake in PennyMac Financial Services by 44.1% in the third quarter. Aperio Group LLC now owns 21,662 shares of the real estate investment trust’s stock worth $386,000 after purchasing an additional 6,627 shares during the period. Goldman Sachs Group Inc. grew its stake in PennyMac Financial Services by 275.7% in the second quarter. Goldman Sachs Group Inc. now owns 50,305 shares of the real estate investment trust’s stock worth $840,000 after purchasing an additional 36,915 shares during the period. Schwab Charles Investment Management Inc. grew its stake in PennyMac Financial Services by 63.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 29,800 shares of the real estate investment trust’s stock worth $498,000 after purchasing an additional 11,600 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in PennyMac Financial Services by 31.4% in the second quarter. Dimensional Fund Advisors LP now owns 531,824 shares of the real estate investment trust’s stock worth $8,882,000 after purchasing an additional 127,022 shares during the period. 89.47% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “PennyMac Financial Services Inc (PFSI) Insider Jeffrey Grogin Sells 10,000 Shares” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2018/02/13/pennymac-financial-services-inc-pfsi-insider-jeffrey-grogin-sells-10000-shares.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