Insider Selling: PennyMac Financial Services Inc (NYSE:PFSI) Director Sells 10,000 Shares of Stock

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PennyMac Financial Services Inc (NYSE:PFSI) Director Anne Mccallion sold 10,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $30.74, for a total value of $307,400.00.

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

  • On Thursday, October 24th, Anne Mccallion sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $31.21, for a total value of $312,100.00.
  • 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 value 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 value of $313,700.00.

NYSE PFSI traded down $0.24 on Friday, reaching $30.74. 668,967 shares of the company’s stock traded hands, compared to its average volume of 313,720. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 0.78 and a beta of 0.36. The stock has a 50 day moving average price of $31.30 and a 200-day moving average price of $26.17. PennyMac Financial Services Inc has a fifty-two week low of $19.28 and a fifty-two week high of $33.46. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.19 and a current ratio of 0.18.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.26. PennyMac Financial Services had a net margin of 22.54% and a return on equity of 15.84%. The company had revenue of $436.35 million during the quarter, compared to analysts’ expectations of $368.20 million. As a group, equities research analysts anticipate that PennyMac Financial Services Inc will post 4.16 EPS for the current fiscal year.

The company also recently disclosed a dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 14th.

Several equities analysts have recently weighed in on PFSI shares. Piper Jaffray Companies increased their price target on PennyMac Financial Services from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Barclays reaffirmed a “buy” rating and set a $37.00 target price on shares of PennyMac Financial Services in a research report on Friday, October 25th. TheStreet raised shares of PennyMac Financial Services from a “c+” rating to a “b+” rating in a report on Wednesday, August 14th. Zacks Investment Research upgraded shares of PennyMac Financial Services from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, July 17th. Finally, Credit Suisse Group lifted their price objective on shares of PennyMac Financial Services from $24.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.40.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PFSI. First Trust Advisors LP increased its holdings in PennyMac Financial Services by 2.6% in the first quarter. First Trust Advisors LP now owns 111,812 shares of the real estate investment trust’s stock valued at $2,487,000 after buying an additional 2,862 shares in the last quarter. Denali Advisors LLC purchased a new stake in shares of PennyMac Financial Services during the second quarter worth about $195,000. Bessemer Group Inc. increased its stake in shares of PennyMac Financial Services by 33.6% during the second quarter. Bessemer Group Inc. now owns 13,109 shares of the real estate investment trust’s stock worth $291,000 after purchasing an additional 3,299 shares in the last quarter. Strs Ohio increased its stake in shares of PennyMac Financial Services by 5.6% during the second quarter. Strs Ohio now owns 30,100 shares of the real estate investment trust’s stock worth $667,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Bayview Asset Management LLC increased its stake in shares of PennyMac Financial Services by 26.1% during the second quarter. Bayview Asset Management LLC now owns 459,920 shares of the real estate investment trust’s stock worth $10,201,000 after purchasing an additional 95,246 shares in the last quarter. 30.44% of the stock is owned by institutional investors.

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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