Insider Selling: PennyMac Financial Services Inc. (PFSI) CFO Sells $80,700.00 in Stock

PennyMac Financial Services Inc. (NYSE:PFSI) CFO Anne Mccallion sold 5,000 shares of the stock in a transaction on Wednesday, October 12th. The shares were sold at an average price of $16.14, for a total transaction of $80,700.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

  • On Wednesday, September 28th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The shares were 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 shares were 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 shares were sold at an average price of $16.24, for a total transaction of $81,200.00.
  • On Thursday, August 18th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $16.24, for a total transaction of $81,200.00.

PennyMac Financial Services Inc. (NYSE:PFSI) opened at 16.28 on Wednesday. The stock has a market cap of $361.30 million, a P/E ratio of 7.93 and a beta of 0.58. The company has a 50-day moving average of $16.81 and a 200 day moving average of $14.29. 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 posted its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.07. PennyMac Financial Services had a net margin of 6.20% and a return on equity of 4.30%. The company had revenue of $207.81 million for the quarter, compared to analysts’ expectations of $196.53 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. PennyMac Financial Services’s revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts predict that PennyMac Financial Services Inc. will post $2.47 EPS for the current year.

Insider Buying and Selling by Quarter for PennyMac Financial Services (NYSE:PFSI)

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. MSI Financial Services Inc bought a new position in PennyMac Financial Services during the third quarter worth approximately $121,000. Metropolitan Life Insurance Co. NY bought a new position in PennyMac Financial Services during the second quarter worth approximately $139,000. SG Americas Securities LLC bought a new position in PennyMac Financial Services during the second quarter worth approximately $161,000. Societe Generale bought a new position in PennyMac Financial Services during the second quarter worth approximately $161,000. Finally, Teachers Advisors Inc. boosted its position in PennyMac Financial Services by 7.7% in the second quarter. Teachers Advisors Inc. now owns 20,232 shares of the real estate investment trust’s stock worth $253,000 after buying an additional 1,447 shares during the last quarter. 92.45% of the stock is currently owned by institutional investors.

Several research firms have commented on PFSI. Zacks Investment Research lowered shares of PennyMac Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, September 16th. Bank of America Corp. lowered shares of PennyMac Financial Services from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 28th. Compass Point lowered shares of PennyMac Financial Services from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 28th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $20.00 price objective on shares of PennyMac Financial Services in a research report on Friday, September 9th. Finally, Citigroup Inc. increased their price objective on shares of PennyMac Financial Services from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, September 9th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. PennyMac Financial Services currently has an average rating of “Hold” and an average price target of $17.94.

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. It operates through three segments: loan production, loan servicing and investment management.

5 Day Chart for NYSE:PFSI

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