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

PennyMac Financial Services Inc (NYSE:PFSI) insider Anne Mccallion sold 10,000 shares of the stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $23.14, for a total value of $231,400.00. The sale was disclosed in a legal filing with the SEC, which is available at 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 (PFSI) traded up $0.65 during trading on Friday, reaching $21.95. The company had a trading volume of 309,675 shares, compared to its average volume of 172,231. PennyMac Financial Services Inc has a one year low of $15.65 and a one year high of $24.00. The company has a market cap of $511.17, a PE ratio of 9.67, a P/E/G ratio of 1.40 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 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.02). PennyMac Financial Services had a return on equity of 4.11% and a net margin of 6.47%. The company had revenue of $298.63 million during the quarter, compared to the consensus estimate of $238.86 million. During the same period in the prior year, the business posted $1.00 earnings per share. PennyMac Financial Services’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities research analysts anticipate that PennyMac Financial Services Inc will post 3.13 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Citigroup Inc. raised its holdings 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 worth $103,000 after purchasing an additional 5,799 shares during the period. Victory Capital Management Inc. raised its holdings in PennyMac Financial Services by 17.6% in 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. Voya Investment Management LLC bought a new position in PennyMac Financial Services in the 2nd quarter worth $174,000. The Manufacturers Life Insurance Company increased its stake in PennyMac Financial Services by 11.5% in 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 buying an additional 1,312 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in PennyMac Financial Services by 23.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,025 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 2,489 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors.

PFSI has been the topic of several research analyst reports. Zacks Investment Research cut PennyMac Financial Services from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 25th. Keefe, Bruyette & Woods cut PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. ValuEngine raised PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 15th. Finally, Barclays set a $25.00 price target on PennyMac Financial Services and gave the company a “buy” rating in a report on Tuesday, December 12th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. PennyMac Financial Services currently has a consensus rating of “Buy” and an average price target of $23.50.

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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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