Insider Selling: PennyMac Financial Services Inc (NYSE:PFSI) CEO Sells 10,416 Shares of Stock

PennyMac Financial Services Inc (NYSE:PFSI) CEO David Spector sold 10,416 shares of the business’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $22.31, for a total transaction of $232,380.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

David Spector also recently made the following trade(s):

  • On Saturday, December 29th, David Spector sold 10,416 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.31, for a total transaction of $232,380.96.

PennyMac Financial Services Inc (PFSI) traded down $0.45 during trading on Thursday, hitting $22.80. 114,000 shares of the stock were exchanged, compared to its average volume of 216,014. The stock has a market cap of $529.82, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 1.62 and a beta of 0.68. PennyMac Financial Services Inc has a twelve month low of $15.65 and a twelve month high of $24.00. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 1.66.

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

Several institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. increased its holdings in PennyMac Financial Services by 1,652.1% during the 2nd quarter. Citigroup Inc. now owns 6,150 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 5,799 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of PennyMac Financial Services by 17.6% in the second quarter. Victory Capital Management Inc. now owns 6,964 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 1,042 shares during the last quarter. Voya Investment Management LLC acquired a new stake in shares of PennyMac Financial Services in the second quarter worth approximately $174,000. The Manufacturers Life Insurance Company boosted its position in shares of 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 acquiring an additional 1,312 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in shares of PennyMac Financial Services by 23.6% in the second quarter. Cubist Systematic Strategies LLC now owns 13,025 shares of the real estate investment trust’s stock worth $218,000 after acquiring an additional 2,489 shares during the last quarter. 90.83% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods lowered shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a report on Monday. BidaskClub upgraded shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Zacks Investment Research upgraded shares of PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Saturday, January 6th. Piper Jaffray Companies reiterated a “buy” rating on shares of PennyMac Financial Services in a report on Tuesday, September 19th. Finally, ValuEngine upgraded shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 15th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. PennyMac Financial Services currently has an average rating of “Buy” and a consensus price target of $23.75.

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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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