PennyMac Financial Services, Inc. (NYSE:PFSI) Insider David M. Walker Sells 5,000 Shares

PennyMac Financial Services, Inc. (NYSE:PFSI) insider David M. Walker sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $18.13, for a total value of $90,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

David M. Walker also recently made the following trade(s):

  • On Tuesday, October 17th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $18.17, for a total value of $181,700.00.
  • On Wednesday, September 20th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $17.55, for a total value of $175,500.00.
  • On Thursday, September 7th, David M. Walker sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.72, for a total value of $83,600.00.
  • On Thursday, August 24th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $17.05, for a total value of $170,500.00.
  • On Thursday, July 27th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $17.62, for a total value of $176,200.00.

Shares of PennyMac Financial Services, Inc. (NYSE PFSI) traded up 3.89% during midday trading on Friday, hitting $18.70. 131,517 shares of the company’s stock traded hands. PennyMac Financial Services, Inc. has a 1-year low of $15.65 and a 1-year high of $19.35. The firm has a market capitalization of $439.64 million, a price-to-earnings ratio of 6.32 and a beta of 0.62. The company has a 50 day moving average price of $17.75 and a 200 day moving average price of $17.08.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.22). PennyMac Financial Services had a return on equity of 4.79% and a net margin of 6.87%. The company had revenue of $201.72 million during the quarter, compared to analysts’ expectations of $181.89 million. Equities analysts anticipate that PennyMac Financial Services, Inc. will post $2.62 earnings per share for the current year.

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A number of research analysts have weighed in on the company. Zacks Investment Research downgraded PennyMac Financial Services from a “hold” rating to a “strong sell” rating in a report on Wednesday. BidaskClub upgraded PennyMac Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Piper Jaffray Companies restated a “buy” rating on shares of PennyMac Financial Services in a report on Tuesday, September 19th. Finally, ValuEngine downgraded PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. PennyMac Financial Services presently has an average rating of “Hold” and an average target price of $20.25.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. boosted its stake in shares of PennyMac Financial Services by 52.0% during the third quarter. Victory Capital Management Inc. now owns 10,585 shares of the real estate investment trust’s stock valued at $188,000 after purchasing an additional 3,621 shares during the period. Aperio Group LLC lifted 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 acquiring an additional 6,627 shares during the period. First Trust Advisors LP purchased a new stake in PennyMac Financial Services in the third quarter worth $294,000. California State Teachers Retirement System lifted its stake in PennyMac Financial Services by 2.9% in the second quarter. California State Teachers Retirement System now owns 28,126 shares of the real estate investment trust’s stock worth $470,000 after acquiring an additional 800 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in PennyMac Financial Services by 11.5% in the second quarter. The Manufacturers Life Insurance Company now owns 12,732 shares of the real estate investment trust’s stock worth $213,000 after purchasing an additional 1,312 shares in the last quarter. Institutional investors and hedge funds own 87.85% of the company’s stock.

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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