Insider Selling: PennyMac Financial Services Inc (PFSI) Insider Sells 7,500 Shares of Stock

PennyMac Financial Services Inc (NYSE:PFSI) insider Doug Jones sold 7,500 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $21.57, for a total value of $161,775.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of PennyMac Financial Services Inc (PFSI) traded down $0.15 during midday trading on Tuesday, hitting $21.35. The stock had a trading volume of 191,000 shares, compared to its average volume of 179,849. PennyMac Financial Services Inc has a 1 year low of $15.65 and a 1 year high of $22.00. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market cap of $500.69, a PE ratio of 8.21, a PEG ratio of 1.88 and a beta of 0.68.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.71 EPS for the quarter, meeting analysts’ consensus estimates 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 return on equity of 4.11% and a net margin of 6.47%. The business’s quarterly revenue was down 14.0% compared to the same quarter last year. research analysts forecast that PennyMac Financial Services Inc will post 2.29 earnings per share for the current fiscal year.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its holdings in PennyMac Financial Services by 18.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,390 shares of the real estate investment trust’s stock worth $228,000 after purchasing an additional 2,094 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in PennyMac Financial Services by 14.5% during the 2nd quarter. Wells Fargo & Company MN now owns 100,657 shares of the real estate investment trust’s stock worth $1,681,000 after purchasing an additional 12,778 shares in the last quarter. Aperio Group LLC lifted its holdings in 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 worth $386,000 after purchasing an additional 6,627 shares in the last quarter. Vanguard Group Inc. lifted its holdings in PennyMac Financial Services by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 1,544,525 shares of the real estate investment trust’s stock worth $26,334,000 after purchasing an additional 105,654 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in PennyMac Financial Services by 63.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 29,800 shares of the real estate investment trust’s stock worth $498,000 after purchasing an additional 11,600 shares in the last quarter. 90.83% of the stock is currently owned by institutional investors and hedge funds.

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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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