PennyMac Financial Services, Inc. (NYSE:PFSI) insider David M. Walker sold 10,000 shares of PennyMac Financial Services stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $18.98, for a total transaction of $189,800.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

David M. Walker also recently made the following trade(s):

  • On Tuesday, November 14th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $18.63, for a total transaction of $186,300.00.
  • On Monday, October 16th, David M. Walker sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $18.13, for a total transaction of $90,650.00.
  • On Tuesday, October 17th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $18.17, for a total transaction of $181,700.00.
  • On Wednesday, September 20th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $17.55, for a total transaction of $175,500.00.
  • On Thursday, September 7th, David M. Walker sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $16.72, for a total transaction of $83,600.00.
  • On Thursday, August 24th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $17.05, for a total transaction of $170,500.00.

Shares of PennyMac Financial Services, Inc. (NYSE:PFSI) traded up $0.50 during trading on Friday, hitting $19.40. 108,592 shares of the stock were exchanged, compared to its average volume of 175,381. 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 52-week low of $15.65 and a 52-week high of $19.55. The stock has a market cap of $440.16, a P/E ratio of 7.18, a P/E/G ratio of 1.68 and a beta of 0.63.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.71. PennyMac Financial Services had a net margin of 6.47% and a return on equity of 4.11%. The firm had revenue of $250.64 million for the quarter, compared to the consensus estimate of $238.59 million. The business’s revenue was down 14.0% on a year-over-year basis. equities research analysts expect that PennyMac Financial Services, Inc. will post 2.24 earnings per share for the current fiscal year.

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Several institutional investors have recently modified their holdings of PFSI. Citigroup Inc. grew its position in shares of PennyMac Financial Services by 1,652.1% in the 2nd quarter. Citigroup Inc. now owns 6,150 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 5,799 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of 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 buying an additional 1,042 shares during the last quarter. American International Group Inc. grew its position in shares of PennyMac Financial Services by 7.2% in the 1st quarter. American International Group Inc. now owns 8,384 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 562 shares during the last quarter. Voya Investment Management LLC purchased a new position in shares of PennyMac Financial Services in the 2nd quarter worth approximately $174,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of 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 buying an additional 1,312 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

PFSI has been the topic of a number of research reports. Piper Jaffray Companies reissued a “buy” rating on shares of PennyMac Financial Services in a research report on Tuesday, September 19th. ValuEngine downgraded shares of PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research raised shares of PennyMac Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, BidaskClub raised shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. PennyMac Financial Services has a consensus rating of “Hold” and a consensus target price of $20.33.

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. 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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