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

PennyMac Financial Services Inc (NYSE:PFSI) insider Anne Mccallion sold 10,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $24.54, for a total transaction of $245,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Saturday, April 21st, Anne Mccallion sold 1,524 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.60, for a total transaction of $25,298.40.
  • On Thursday, January 18th, Anne Mccallion sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $23.14, for a total transaction of $231,400.00.
  • On Thursday, January 4th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $23.82, for a total transaction of $119,100.00.
  • On Thursday, December 21st, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.04, for a total transaction of $110,200.00.
  • On Thursday, December 7th, Anne Mccallion sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $21.58, for a total transaction of $215,800.00.

PennyMac Financial Services Inc (PFSI) traded up $0.20 during mid-day trading on Friday, reaching $24.20. 70,999 shares of the company were exchanged, compared to its average volume of 261,174. PennyMac Financial Services Inc has a 12 month low of $15.65 and a 12 month high of $25.20. The company has a market capitalization of $564.70, a P/E ratio of 5.96, a P/E/G ratio of 1.52 and a beta of 0.64. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 1.66.

PennyMac Financial Services (NYSE:PFSI) last announced its earnings results on Thursday, February 8th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.02). PennyMac Financial Services had a net margin of 10.55% and a return on equity of 3.62%. The business had revenue of $298.63 million for the quarter, compared to the consensus estimate of $238.86 million. During the same period in the prior year, the business posted $1.00 EPS. PennyMac Financial Services’s revenue for the quarter was up 3.2% on a year-over-year basis. equities research analysts anticipate that PennyMac Financial Services Inc will post 3.15 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Citigroup Inc. increased its stake in shares of PennyMac Financial Services by 1,652.1% during the second quarter. Citigroup Inc. now owns 6,150 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 5,799 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in shares of PennyMac Financial Services during the fourth quarter valued at approximately $163,000. Voya Investment Management LLC bought a new position in shares of PennyMac Financial Services during the second quarter valued at approximately $174,000. Victory Capital Management Inc. increased 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 in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of PennyMac Financial Services by 11.5% during the second quarter. The Manufacturers Life Insurance Company now owns 12,732 shares of the real estate investment trust’s stock valued at $213,000 after purchasing an additional 1,312 shares in the last quarter. 90.18% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently issued reports on PFSI. Zacks Investment Research downgraded shares of PennyMac Financial Services from a “hold” rating to a “sell” rating in a research note on Wednesday. Barclays set a $27.00 price target on shares of PennyMac Financial Services and gave the stock a “buy” rating in a research note on Sunday, February 11th. Wedbush began coverage on shares of PennyMac Financial Services in a research note on Friday, February 16th. They issued an “outperform” rating and a $30.00 price target for the company. Keefe, Bruyette & Woods downgraded shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Finally, ValuEngine raised shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. PennyMac Financial Services presently has a consensus rating of “Buy” and an average price target of $26.00.

WARNING: “PennyMac Financial Services Inc (PFSI) Insider Anne Mccallion Sells 10,000 Shares” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/24/pennymac-financial-services-inc-pfsi-insider-anne-mccallion-sells-10000-shares.html.

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)

Receive News & Ratings for PennyMac Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennyMac Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply