PennyMac Financial Services Inc (PFSI) CEO David Spector Sells 10,416 Shares of Stock

PennyMac Financial Services Inc (NYSE:PFSI) CEO David Spector sold 10,416 shares of the business’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $22.31, for a total value of $232,380.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

David Spector also recently made the following trade(s):

  • On Friday, December 29th, David Spector sold 10,416 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.31, for a total value of $232,380.96.

PennyMac Financial Services Inc (PFSI) traded up $0.15 during trading hours on Thursday, hitting $23.40. The company had a trading volume of 263,100 shares, compared to its average volume of 264,000. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.16 and a current ratio of 0.16. PennyMac Financial Services Inc has a 12 month low of $15.65 and a 12 month high of $23.65. The company has a market cap of $554.27, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 1.58 and a beta of 0.68.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.71. PennyMac Financial Services had a return on equity of 4.11% and a net margin of 6.47%. The company had revenue of $250.64 million for the quarter, compared to analyst estimates of $238.59 million. PennyMac Financial Services’s revenue was down 14.0% on a year-over-year basis. sell-side analysts predict that PennyMac Financial Services Inc will post 2.29 EPS for the current fiscal year.

A number of brokerages have recently commented on PFSI. Zacks Investment Research raised PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, December 26th. Barclays set a $25.00 price target on PennyMac Financial Services and gave the company a “buy” rating in a research report on Tuesday, December 12th. ValuEngine raised PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 15th. BidaskClub raised PennyMac Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating on shares of PennyMac Financial Services in a research report on Tuesday, September 19th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $23.25.

Large investors have recently added to or reduced their stakes in the stock. Citigroup Inc. raised its stake in shares of PennyMac Financial Services by 1,652.1% during the 2nd 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 during the period. Victory Capital Management Inc. increased its stake 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 acquiring an additional 1,042 shares during the last quarter. Voya Investment Management LLC bought a new position in PennyMac Financial Services in the 2nd quarter worth about $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 acquiring an additional 1,312 shares during 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 acquiring an additional 2,489 shares during the last quarter. Institutional investors own 90.83% of the company’s stock.

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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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