PennyMac Financial Services, Inc. (NYSE:PFSI) insider Jeffrey Grogin sold 6,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $16.86, for a total transaction of $101,160.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Jeffrey Grogin also recently made the following trade(s):

  • On Wednesday, August 30th, Jeffrey Grogin sold 12,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $17.01, for a total transaction of $204,120.00.

Shares of PennyMac Financial Services, Inc. (NYSE PFSI) traded up 1.47% during mid-day trading on Wednesday, reaching $17.25. 151,853 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $17.28 and a 200-day moving average price of $17.04. The stock has a market cap of $405.55 million, a PE ratio of 5.83 and a beta of 0.60. PennyMac Financial Services, Inc. has a one year low of $15.65 and a one year high of $19.35.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by $0.22. PennyMac Financial Services had a net margin of 6.87% and a return on equity of 4.79%. The firm had revenue of $201.72 million during the quarter, compared to the consensus estimate of $181.89 million. On average, analysts predict that PennyMac Financial Services, Inc. will post $2.64 EPS for the current year.

PennyMac Financial Services announced that its board has authorized a share repurchase plan on Wednesday, June 21st that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to purchase up to 137% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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Hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its stake in PennyMac Financial Services by 2.9% in the second quarter. California State Teachers Retirement System now owns 28,126 shares of the real estate investment trust’s stock worth $470,000 after buying an additional 800 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in PennyMac Financial Services by 11.5% in the second 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 in the last quarter. Cubist Systematic Strategies LLC boosted its stake in PennyMac Financial Services by 23.6% in the second quarter. Cubist Systematic Strategies LLC now owns 13,025 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 2,489 shares in the last quarter. State Street Corp boosted its stake in PennyMac Financial Services by 4.7% in the second quarter. State Street Corp now owns 232,505 shares of the real estate investment trust’s stock worth $3,881,000 after buying an additional 10,361 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in PennyMac Financial Services by 275.7% in the second quarter. Goldman Sachs Group Inc. now owns 50,305 shares of the real estate investment trust’s stock worth $840,000 after buying an additional 36,915 shares in the last quarter. Institutional investors and hedge funds own 86.66% of the company’s stock.

A number of analysts recently weighed in on the company. ValuEngine downgraded PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 17th. TheStreet downgraded PennyMac Financial Services from a “b-” rating to a “c+” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research downgraded PennyMac Financial Services from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $19.86.

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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