PennyMac Financial Services Inc (PFSI) Insider Anne Mccallion Sells 10,000 Shares of Stock

PennyMac Financial Services Inc (NYSE:PFSI) insider Anne Mccallion sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $23.14, for a total value of $231,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, January 4th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $23.82, for a total value of $119,100.00.
  • On Thursday, December 21st, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.04, for a total value of $110,200.00.
  • On Thursday, December 7th, Anne Mccallion sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $21.58, for a total value of $215,800.00.
  • On Wednesday, November 22nd, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $19.76, for a total value of $98,800.00.
  • On Friday, November 10th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $18.50, for a total value of $92,500.00.

Shares of PennyMac Financial Services Inc (NYSE PFSI) traded up $0.35 during mid-day trading on Friday, hitting $23.70. The company had a trading volume of 91,261 shares, compared to its average volume of 196,934. PennyMac Financial Services Inc has a 52-week low of $15.65 and a 52-week high of $24.00. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market cap of $543.78, a price-to-earnings ratio of 9.05, a P/E/G ratio of 1.59 and a beta of 0.68.

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

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Zacks Investment Research raised PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Saturday, January 6th. Barclays set a $25.00 price objective on PennyMac Financial Services and gave the company a “buy” rating in a research note on Tuesday, December 12th. ValuEngine raised PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Finally, BidaskClub raised PennyMac Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $23.50.

Several hedge funds have recently modified their holdings of PFSI. California State Teachers Retirement System increased its holdings in PennyMac Financial Services by 2.9% during the 2nd quarter. California State Teachers Retirement System now owns 28,126 shares of the real estate investment trust’s stock worth $470,000 after purchasing an additional 800 shares during the period. Victory Capital Management Inc. increased its holdings in PennyMac Financial Services by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 6,964 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 1,042 shares during the period. Alliancebernstein L.P. increased its holdings in PennyMac Financial Services by 0.6% during the 2nd quarter. Alliancebernstein L.P. now owns 176,645 shares of the real estate investment trust’s stock worth $2,950,000 after purchasing an additional 1,100 shares during the period. The Manufacturers Life Insurance Company increased its holdings in PennyMac Financial Services by 11.5% during the 2nd 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 during the period. Finally, Bank of New York Mellon Corp increased its holdings in PennyMac Financial Services by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 105,934 shares of the real estate investment trust’s stock worth $1,769,000 after purchasing an additional 2,352 shares during the period. 90.83% of the stock is owned by hedge funds and other institutional investors.

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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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