Today, Insider Selling: PennyMac Financial Services Inc. (PFSI) CFO Sold $85,100.00 in Stock

Today, Insider Selling: PennyMac Financial Services Inc. (PFSI) CFO Sold $85,100.00 in Stock
PennyMac Financial Services Inc. (NYSE:PFSI) CFO Anne Mccallion sold 5,000 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $17.02, for a total transaction of $85,100.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Anne Mccallion also recently made the following trade(s): On Friday, November 11th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.62, for a total transaction of $83,100.00. On Tuesday, October 25th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.33, for a total transaction of $81,650.00. On Wednesday, October 12th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.14, for a total transaction of $80,700.00. On Wednesday, September 28th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.90, for a total transaction of $84,500.00. On Thursday, September 15th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $17.64, for a total transaction of $88,200.00. On Friday, August 26th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.24, for a total transaction of $81,200.00.

Shares of PennyMac Financial Services Inc. (NYSE:PFSI) opened at 17.15 on Friday. The firm has a market cap of $382.60 million, a PE ratio of 6.74 and a beta of 0.57. The stock’s 50 day moving average is $16.68 and its 200-day moving average is $15.14. PennyMac Financial Services Inc. has a 1-year low of $10.48 and a 1-year high of $18.13.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings data on Thursday, November 3rd. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.16. The company earned $291.40 million during the quarter, compared to analyst estimates of $259.79 million. PennyMac Financial Services had a net margin of 6.76% and a return on equity of 4.88%. PennyMac Financial Services’s revenue for the quarter was up 54.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 EPS. Analysts expect that PennyMac Financial Services Inc. will post $2.71 earnings per share for the current year.

Several research analysts recently commented on PFSI shares. Nomura started coverage on shares of PennyMac Financial Services in a report on Wednesday, October 26th. They set a “buy” rating and a $20.00 target price for the company. Piper Jaffray Cos. restated an “overweight” rating and set a $20.00 target price on shares of PennyMac Financial Services in a report on Friday, September 9th. Citigroup Inc. increased their target price on shares of PennyMac Financial Services from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Zacks Investment Research cut shares of PennyMac Financial Services from a “buy” rating to a “hold” rating in a report on Friday, September 16th. Finally, Keefe, Bruyette & Woods set a $18.00 price target on shares of PennyMac Financial Services and gave the company a “buy” rating in a research note on Friday, August 5th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $18.15.

Hedge funds have recently added to or reduced their stakes in the stock. Prudential Financial Inc. raised its stake in shares of PennyMac Financial Services by 5.6% in the second quarter. Prudential Financial Inc. now owns 61,955 shares of the real estate investment trust’s stock worth $774,000 after buying an additional 3,260 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of PennyMac Financial Services by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 158,542 shares of the real estate investment trust’s stock worth $1,980,000 after buying an additional 7,397 shares during the period. Oxford Asset Management raised its stake in shares of PennyMac Financial Services by 166.4% in the second quarter. Oxford Asset Management now owns 90,538 shares of the real estate investment trust’s stock worth $1,131,000 after buying an additional 56,553 shares during the period. Boston Partners raised its stake in shares of PennyMac Financial Services by 2,743.1% in the second quarter. Boston Partners now owns 681,896 shares of the real estate investment trust’s stock worth $8,517,000 after buying an additional 657,912 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of PennyMac Financial Services during the second quarter worth approximately $161,000. Institutional investors own 94.07% of the company’s stock.

PennyMac Financial Services Company Profile

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