Daniel Stanley Perotti Sells 5,442 Shares of PennyMac Financial Services Inc (PFSI) Stock

PennyMac Financial Services Inc (NYSE:PFSI) CFO Daniel Stanley Perotti sold 5,442 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $23.00, for a total transaction of $125,166.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Daniel Stanley Perotti also recently made the following trade(s):

  • On Tuesday, November 28th, Daniel Stanley Perotti sold 5,442 shares of PennyMac Financial Services stock. The stock was sold at an average price of $20.00, for a total transaction of $108,840.00.
  • On Monday, November 20th, Daniel Stanley Perotti sold 5,442 shares of PennyMac Financial Services stock. The stock was sold at an average price of $19.42, for a total transaction of $105,683.64.

PennyMac Financial Services Inc (NYSE:PFSI) opened at $23.70 on Friday. The company has a market capitalization of $544.94, a price-to-earnings ratio of 9.05, a P/E/G ratio of 1.59 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 12 month low of $15.65 and a 12 month high of $24.00.

PennyMac Financial Services (NYSE:PFSI) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.71 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.71. The business had revenue of $250.64 million for the quarter, compared to analysts’ expectations of $238.59 million. PennyMac Financial Services had a return on equity of 4.11% and a net margin of 6.47%. The business’s quarterly revenue was down 14.0% on a year-over-year basis. equities analysts forecast that PennyMac Financial Services Inc will post 2.29 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its position in PennyMac Financial Services by 63.7% during the second 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 during the period. Rhumbline Advisers boosted its position in PennyMac Financial Services by 16.7% during the second quarter. Rhumbline Advisers now owns 18,085 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 2,585 shares during the period. Bank of New York Mellon Corp boosted its position in PennyMac Financial Services by 2.3% during the second quarter. Bank of New York Mellon Corp now owns 105,934 shares of the real estate investment trust’s stock valued at $1,769,000 after buying an additional 2,352 shares during the period. Victory Capital Management Inc. boosted its position in PennyMac Financial Services by 17.6% during the second quarter. Victory Capital Management Inc. now owns 6,964 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 1,042 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in PennyMac Financial Services by 2.8% during the second quarter. JPMorgan Chase & Co. now owns 397,176 shares of the real estate investment trust’s stock valued at $6,633,000 after buying an additional 10,969 shares during the period. 90.83% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on the stock. BidaskClub raised shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Zacks Investment Research cut shares of PennyMac Financial Services from a “buy” rating to a “hold” rating in a report on Friday. Piper Jaffray Companies reaffirmed a “buy” rating on shares of PennyMac Financial Services in a report on Tuesday, September 19th. ValuEngine raised shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 15th. Finally, Barclays set a $25.00 price target on shares of PennyMac Financial Services and gave the stock a “buy” rating in a report on Tuesday, December 12th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $23.25.

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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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