Jeffrey Grogin Sells 15,000 Shares of PennyMac Financial Services Inc (PFSI) Stock

PennyMac Financial Services Inc (NYSE:PFSI) insider Jeffrey Grogin sold 15,000 shares of PennyMac Financial Services stock in a transaction on Friday, February 16th. The stock was sold at an average price of $23.37, for a total transaction of $350,550.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Jeffrey Grogin also recently made the following trade(s):

  • On Tuesday, February 13th, Jeffrey Grogin sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.04, for a total transaction of $220,400.00.
  • On Thursday, February 8th, Jeffrey Grogin sold 15,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $21.56, for a total transaction of $323,400.00.
  • On Monday, February 5th, Jeffrey Grogin sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.33, for a total transaction of $223,300.00.
  • On Monday, January 29th, Jeffrey Grogin sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.26, for a total transaction of $111,300.00.
  • On Wednesday, January 31st, Jeffrey Grogin sold 15,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.20, for a total transaction of $333,000.00.
  • On Friday, January 26th, Jeffrey Grogin sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.65, for a total transaction of $113,250.00.

Shares of PennyMac Financial Services Inc (PFSI) opened at $24.85 on Friday. The company has a market cap of $578.71, a price-to-earnings ratio of 10.95, a P/E/G ratio of 1.63 and a beta of 0.64. PennyMac Financial Services Inc has a 52-week low of $15.65 and a 52-week high of $25.20. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.16 and a quick ratio of 0.16.

PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.65 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.02). The company had revenue of $298.63 million during the quarter, compared to the consensus estimate of $238.86 million. PennyMac Financial Services had a net margin of 10.55% and a return on equity of 3.62%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 earnings per share. equities analysts predict that PennyMac Financial Services Inc will post 3.05 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citigroup Inc. lifted its position in PennyMac Financial Services by 1,652.1% in 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. MetLife Investment Advisors LLC bought a new stake in PennyMac Financial Services in the 4th quarter valued at $163,000. Citadel Advisors LLC bought a new stake in PennyMac Financial Services in the 4th quarter valued at $231,000. Voya Investment Management LLC bought a new stake in PennyMac Financial Services in the 2nd quarter valued at $174,000. Finally, Victory Capital Management Inc. lifted its position in PennyMac Financial Services by 52.0% in the 3rd quarter. Victory Capital Management Inc. now owns 10,585 shares of the real estate investment trust’s stock valued at $188,000 after acquiring an additional 3,621 shares in the last quarter. 89.47% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on PFSI. Barclays set a $27.00 price target on shares of PennyMac Financial Services and gave the stock a “buy” rating in a research report on Sunday, February 11th. Wedbush began coverage on shares of PennyMac Financial Services in a research report on Friday. They set an “outperform” rating and a $30.00 price target on the stock. Zacks Investment Research cut shares of PennyMac Financial Services from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. Keefe, Bruyette & Woods cut shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. Finally, ValuEngine raised shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 15th. 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 given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $25.20.

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PennyMac Financial Services Company Profile

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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