PennyMac Financial Services Inc (NYSE:PFSI) Director Sells $312,100.00 in Stock

PennyMac Financial Services Inc (NYSE:PFSI) Director Anne Mccallion sold 10,000 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $31.21, for a total transaction of $312,100.00.

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

  • On Wednesday, October 9th, Anne Mccallion sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $31.44, for a total transaction of $314,400.00.
  • On Tuesday, September 24th, Anne Mccallion sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $31.37, for a total transaction of $313,700.00.
  • On Friday, August 9th, Anne Mccallion sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $26.73, for a total transaction of $267,300.00.
  • On Wednesday, July 31st, Anne Mccallion sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $24.34, for a total transaction of $243,400.00.

PFSI stock opened at $31.09 on Tuesday. The company has a market capitalization of $2.49 billion, a P/E ratio of 12.00, a PEG ratio of 0.81 and a beta of 0.38. The company has a 50-day simple moving average of $31.27 and a 200 day simple moving average of $25.71. PennyMac Financial Services Inc has a fifty-two week low of $19.24 and a fifty-two week high of $33.46. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.89.

PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.15. The business had revenue of $302.98 million during the quarter, compared to the consensus estimate of $267.80 million. PennyMac Financial Services had a net margin of 16.34% and a return on equity of 9.76%. Equities analysts anticipate that PennyMac Financial Services Inc will post 3.92 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in PennyMac Financial Services by 17.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,472 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 526 shares during the period. Meeder Asset Management Inc. lifted its holdings in PennyMac Financial Services by 8.2% in the third quarter. Meeder Asset Management Inc. now owns 6,960 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 529 shares during the period. Aperio Group LLC raised its position in PennyMac Financial Services by 2.4% in the second quarter. Aperio Group LLC now owns 25,865 shares of the real estate investment trust’s stock worth $574,000 after acquiring an additional 596 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in PennyMac Financial Services by 1.9% in the second quarter. Parametric Portfolio Associates LLC now owns 40,841 shares of the real estate investment trust’s stock worth $906,000 after acquiring an additional 749 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in PennyMac Financial Services by 11.8% in the second quarter. Cubist Systematic Strategies LLC now owns 10,924 shares of the real estate investment trust’s stock worth $242,000 after acquiring an additional 1,157 shares in the last quarter. 30.57% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on PFSI. Piper Jaffray Companies boosted their price target on shares of PennyMac Financial Services from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, September 16th. ValuEngine downgraded shares of PennyMac Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised shares of PennyMac Financial Services from a “hold” rating to a “strong-buy” rating and set a $26.00 price target for the company in a report on Wednesday, July 17th. Barclays reaffirmed a “buy” rating and issued a $37.00 price objective on shares of PennyMac Financial Services in a report on Friday. Finally, Credit Suisse Group upped their price objective on shares of PennyMac Financial Services from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $33.40.

PennyMac Financial Services Company Profile

PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Loan Production, Loan Servicing, and Investment Management. The Loan Production segment is involved in the origination, acquisition, and sale of mortgage loans.

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Insider Buying and Selling by Quarter for PennyMac Financial Services (NYSE:PFSI)

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