PennyMac Financial Services Inc. (NYSE:PFSI) CFO Anne Mccallion sold 5,000 shares of the business’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $16.62, for a total transaction of $83,100.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • 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 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 stock was 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 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 16.75 on Thursday. PennyMac Financial Services Inc. has a 52 week low of $10.48 and a 52 week high of $18.13. The company has a market cap of $373.68 million, a price-to-earnings ratio of 6.58 and a beta of 0.57. The firm’s 50-day moving average is $16.69 and its 200-day moving average is $15.01.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings results on Thursday, November 3rd. The real estate investment trust reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.16. PennyMac Financial Services had a net margin of 6.76% and a return on equity of 4.88%. The business had revenue of $291.40 million for the quarter, compared to analysts’ expectations of $259.79 million. During the same period last year, the business earned $0.58 earnings per share. The business’s quarterly revenue was up 54.0% on a year-over-year basis. Equities research analysts predict that PennyMac Financial Services Inc. will post $2.71 earnings per share for the current year.

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

Several research firms recently commented on PFSI. Zacks Investment Research upgraded shares of PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Saturday, September 17th. Citigroup Inc. lifted their target price on shares of PennyMac Financial Services from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, September 9th. JPMorgan Chase & Co. lifted their target price on shares of PennyMac Financial Services from $14.00 to $16.50 and gave the stock a “neutral” rating in a research report on Friday, August 5th. Bank of America Corp. downgraded shares of PennyMac Financial Services from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 28th. Finally, Nomura reiterated a “buy” rating and set a $20.00 target price on shares of PennyMac Financial Services in a research report on Friday, November 4th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. PennyMac Financial Services presently has a consensus rating of “Buy” and a consensus target price of $18.15.

A number of hedge funds and other institutional investors have recently modified their holdings of PFSI. Credit Suisse AG acquired a new position in shares of PennyMac Financial Services during the third quarter worth approximately $317,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in PennyMac Financial Services during the third quarter worth $353,000. The Manufacturers Life Insurance Company bought a new stake in PennyMac Financial Services during the third quarter worth $189,000. SECOR Capital Advisors LP bought a new stake in PennyMac Financial Services during the third quarter worth $411,000. Finally, Morgan Stanley raised its stake in PennyMac Financial Services by 48.6% in the third quarter. Morgan Stanley now owns 135,090 shares of the real estate investment trust’s stock worth $2,298,000 after buying an additional 44,178 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

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

5 Day Chart for NYSE:PFSI

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