PennyMac Financial Services Inc (NYSE:PFSI) Chairman Stanford L. Kurland sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $30.89, for a total value of $463,350.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of NYSE PFSI opened at $31.90 on Friday. The business has a fifty day simple moving average of $31.30 and a 200 day simple moving average of $26.44. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 2.18. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 0.70 and a beta of 0.36. PennyMac Financial Services Inc has a one year low of $19.28 and a one year high of $33.46.
PennyMac Financial Services (NYSE:PFSI) last issued its earnings results on Thursday, October 31st. The real estate investment trust reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.26. The business had revenue of $436.35 million during the quarter, compared to analyst estimates of $368.20 million. PennyMac Financial Services had a return on equity of 15.84% and a net margin of 22.54%. On average, research analysts anticipate that PennyMac Financial Services Inc will post 4.43 earnings per share for the current fiscal year.
PFSI has been the subject of a number of recent research reports. Piper Jaffray Companies upped their target price on PennyMac Financial Services from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Credit Suisse Group upped their target price on PennyMac Financial Services from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Wells Fargo & Co upgraded PennyMac Financial Services from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a research note on Thursday, September 5th. TheStreet upgraded PennyMac Financial Services from a “c+” rating to a “b+” rating in a research note on Wednesday, August 14th. Finally, Barclays restated a “buy” rating and issued a $37.00 target price on shares of PennyMac Financial Services in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. PennyMac Financial Services has an average rating of “Buy” and an average target price of $33.40.
A number of large investors have recently made changes to their positions in the business. Cavalier Investments LLC bought a new stake in PennyMac Financial Services in the third quarter valued at $283,000. Eagle Asset Management Inc. bought a new stake in shares of PennyMac Financial Services during the third quarter worth $5,598,000. Creative Planning bought a new stake in shares of PennyMac Financial Services during the third quarter worth $1,010,000. Russell Investments Group Ltd. bought a new stake in shares of PennyMac Financial Services during the third quarter worth $133,000. Finally, California Public Employees Retirement System grew its holdings in shares of PennyMac Financial Services by 16.9% during the third quarter. California Public Employees Retirement System now owns 12,901 shares of the real estate investment trust’s stock worth $392,000 after purchasing an additional 1,863 shares during the last quarter. Hedge funds and other institutional investors own 30.58% of the company’s stock.
About PennyMac Financial Services
PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Loan Production, Loan Servicing, and Investment Management. The Loan Production segment is involved in the origination, acquisition, and sale of mortgage loans.
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