PennyMac Financial Services Inc. (NYSE:PFSI) insider David M. Walker sold 10,000 shares of the company’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $16.69, for a total transaction of $166,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of PennyMac Financial Services Inc. (NYSE:PFSI) traded up 0.60% on Monday, reaching $16.75. 61,078 shares of the company’s stock traded hands. The stock has a 50-day moving average of $16.67 and a 200 day moving average of $15.04. The firm has a market cap of $373.68 million, a P/E ratio of 6.58 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 posted its earnings results on Thursday, November 3rd. The real estate investment trust reported $1.06 earnings per share 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 firm earned $291.40 million during the quarter, compared to analyst estimates of $259.79 million. During the same period last year, the firm posted $0.58 earnings per share. PennyMac Financial Services’s revenue for the quarter was up 54.0% compared to the same quarter last year. On average, equities research analysts expect 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)

A number of equities research analysts have recently issued reports on PFSI shares. Compass Point cut shares of PennyMac Financial Services from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 28th. Bank of America Corp. lowered shares of PennyMac Financial Services from a “buy” rating to a “neutral” rating in a report on Wednesday, September 28th. Zacks Investment Research upgraded shares of PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday, August 10th. JPMorgan Chase & Co. upped their price target on shares of PennyMac Financial Services from $14.00 to $16.50 and gave the company a “neutral” rating in a report on Friday, August 5th. Finally, Nomura initiated coverage on shares of PennyMac Financial Services in a report on Wednesday, October 26th. They set a “buy” rating and a $20.00 price target for the company. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $18.15.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Credit Suisse AG acquired a new position in PennyMac Financial Services during the third quarter worth $317,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in PennyMac Financial Services during the third quarter valued at approximately $353,000. The Manufacturers Life Insurance Company purchased a new position in PennyMac Financial Services during the third quarter valued at approximately $189,000. SECOR Capital Advisors LP purchased a new position in PennyMac Financial Services during the third quarter valued at approximately $411,000. Finally, Morgan Stanley raised its position 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 valued at $2,298,000 after buying an additional 44,178 shares during the last quarter. 94.07% of the stock is owned by hedge funds and other institutional investors.

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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