PennyMac Financial Services Inc. (NYSE:PFSI) major shareholder Leon G. Cooperman sold 37,211 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $17.89, for a total transaction of $665,704.79. Following the sale, the insider now owns 100,000 shares in the company, valued at $1,789,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

PennyMac Financial Services Inc. (NYSE:PFSI) opened at 16.55 on Friday. The stock’s 50 day moving average price is $16.79 and its 200-day moving average price is $14.88. The firm has a market capitalization of $367.29 million, a P/E ratio of 8.06 and a beta of 0.57. PennyMac Financial Services Inc. has a 12 month low of $10.48 and a 12 month high of $18.13.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings results on Thursday, November 3rd. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.16. PennyMac Financial Services had a return on equity of 4.88% and a net margin of 6.76%. The firm had revenue of $291.40 million for the quarter, compared to analyst estimates of $259.79 million. During the same period last year, the company earned $0.58 EPS. The firm’s quarterly revenue was up 54.0% on a year-over-year basis. On average, analysts forecast that PennyMac Financial Services Inc. will post $2.64 earnings per share for the current year.

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

Hedge funds have recently modified their holdings of the company. Rhumbline Advisers raised its stake in shares of PennyMac Financial Services by 1.0% in the third quarter. Rhumbline Advisers now owns 15,192 shares of the real estate investment trust’s stock worth $258,000 after buying an additional 150 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of PennyMac Financial Services by 0.7% in the third quarter. California State Teachers Retirement System now owns 28,726 shares of the real estate investment trust’s stock worth $489,000 after buying an additional 200 shares during the last quarter. TD Asset Management Inc. raised its stake in shares of PennyMac Financial Services by 11.7% in the third quarter. TD Asset Management Inc. now owns 12,400 shares of the real estate investment trust’s stock worth $211,000 after buying an additional 1,300 shares during the last quarter. Teachers Advisors Inc. raised its stake in shares of 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. Finally, Bank of New York Mellon Corp raised its stake in shares of PennyMac Financial Services by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 80,262 shares of the real estate investment trust’s stock worth $1,003,000 after buying an additional 1,853 shares during the last quarter. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on PFSI. Nomura reiterated a “buy” rating and set a $20.00 price target on shares of PennyMac Financial Services in a research note on Friday, November 4th. JMP Securities reiterated a “buy” rating on shares of PennyMac Financial Services in a research note on Friday, November 4th. Zacks Investment Research upgraded shares of PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Friday, July 15th. Citigroup Inc. boosted their price target on shares of PennyMac Financial Services from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and set a $20.00 price target on shares of PennyMac Financial Services in a research note on Friday, September 9th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $18.15.

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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