PennyMac Financial Services, Inc. (NYSE:PFSI) insider Stanford L. Kurland sold 11,700 shares of PennyMac Financial Services stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $19.00, for a total value of $222,300.00. Following the completion of the sale, the insider now directly owns 11,702 shares of the company’s stock, valued at approximately $222,338. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

PennyMac Financial Services (NYSE:PFSI) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.22). The firm had revenue of $201.72 million during the quarter, compared to analysts’ expectations of $181.89 million. PennyMac Financial Services had a return on equity of 4.79% and a net margin of 6.87%.

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Several analysts recently commented on the company. BidaskClub raised PennyMac Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Zacks Investment Research raised PennyMac Financial Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 17th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of PennyMac Financial Services in a report on Tuesday, September 19th. Finally, ValuEngine lowered PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. PennyMac Financial Services presently has an average rating of “Hold” and a consensus target price of $20.25.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IndexIQ Advisors LLC raised its stake in shares of PennyMac Financial Services by 83.1% during the 3rd quarter. IndexIQ Advisors LLC now owns 50,834 shares of the real estate investment trust’s stock valued at $905,000 after buying an additional 23,077 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of PennyMac Financial Services by 52.0% during the 3rd quarter. Victory Capital Management Inc. now owns 10,585 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 3,621 shares during the last quarter. Aperio Group LLC raised its stake in shares of PennyMac Financial Services by 44.1% during the 3rd quarter. Aperio Group LLC now owns 21,662 shares of the real estate investment trust’s stock valued at $386,000 after buying an additional 6,627 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of PennyMac Financial Services during the 3rd quarter valued at about $294,000. Finally, California State Teachers Retirement System raised its stake in shares of PennyMac Financial Services by 2.9% during the 2nd quarter. California State Teachers Retirement System now owns 28,126 shares of the real estate investment trust’s stock valued at $470,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 87.73% 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. 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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