PennyMac Financial Services Inc (NYSE:PFSI) CEO David Spector sold 10,416 shares of the company’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $22.31, for a total transaction of $232,380.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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 transaction of $232,380.96.

PennyMac Financial Services Inc (NYSE:PFSI) opened at $23.80 on Friday. The firm has a market cap of $554.27, a price-to-earnings ratio of 12.40, a PEG ratio of 1.59 and a beta of 0.68. PennyMac Financial Services Inc has a 12 month low of $15.65 and a 12 month high of $24.00. 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 (NYSE:PFSI) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.71 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.71. The firm had revenue of $250.64 million for the quarter, compared to analysts’ expectations of $238.59 million. PennyMac Financial Services had a net margin of 6.47% and a return on equity of 4.11%. PennyMac Financial Services’s revenue was down 14.0% on a year-over-year basis. research analysts predict that PennyMac Financial Services Inc will post 2.29 earnings per share for the current year.

PFSI has been the topic of a number of recent analyst reports. Barclays set a $25.00 price target on shares of PennyMac Financial Services and gave the stock a “buy” rating in a research note on Tuesday, December 12th. ValuEngine raised shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research raised shares of PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, December 26th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of PennyMac Financial Services in a research note on Tuesday, September 19th. Finally, BidaskClub raised shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $23.75.

A number of hedge funds and other institutional investors have recently modified their holdings of PFSI. Citigroup Inc. grew its stake in 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 valued at $103,000 after acquiring an additional 5,799 shares during the last quarter. Victory Capital Management Inc. grew 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 valued at $116,000 after acquiring an additional 1,042 shares during the last quarter. Voya Investment Management LLC acquired a new stake in PennyMac Financial Services in the 2nd quarter valued at about $174,000. The Manufacturers Life Insurance Company grew 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 valued at $213,000 after acquiring an additional 1,312 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew 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 valued at $218,000 after acquiring an additional 2,489 shares during the last quarter. 90.83% of the stock is currently owned by hedge funds and other institutional investors.

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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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