PennyMac Financial Services Inc (NYSE:PFSI) Insider Sells $439,700.00 in Stock

PennyMac Financial Services Inc (NYSE:PFSI) insider David M. Walker sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $43.97, for a total value of $439,700.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

David M. Walker also recently made the following trade(s):

  • On Wednesday, July 8th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $40.05, for a total value of $400,500.00.
  • On Thursday, June 18th, David M. Walker sold 20,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $42.04, for a total value of $840,800.00.
  • On Tuesday, June 2nd, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $35.19, for a total value of $351,900.00.
  • On Tuesday, May 19th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $30.11, for a total value of $301,100.00.
  • On Thursday, May 7th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $28.72, for a total value of $287,200.00.

Shares of PFSI opened at $43.52 on Friday. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 5.41 and a beta of 1.18. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.54 and a current ratio of 0.54. PennyMac Financial Services Inc has a one year low of $13.14 and a one year high of $45.19. The stock’s fifty day moving average is $40.01 and its 200-day moving average is $32.91.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.11 by $0.62. The company had revenue of $721.83 million for the quarter, compared to analyst estimates of $664.45 million. PennyMac Financial Services had a return on equity of 32.19% and a net margin of 33.47%. Analysts forecast that PennyMac Financial Services Inc will post 11.62 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of PFSI. First Trust Advisors LP boosted its stake in PennyMac Financial Services by 2.6% during the first quarter. First Trust Advisors LP now owns 111,812 shares of the real estate investment trust’s stock valued at $2,487,000 after buying an additional 2,862 shares in the last quarter. Victory Capital Management Inc. boosted its stake in PennyMac Financial Services by 67.3% during the fourth quarter. Victory Capital Management Inc. now owns 37,867 shares of the real estate investment trust’s stock valued at $1,289,000 after buying an additional 15,235 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in PennyMac Financial Services during the fourth quarter valued at about $156,000. Raymond James Financial Services Advisors Inc. bought a new position in PennyMac Financial Services during the fourth quarter valued at about $335,000. Finally, Credit Suisse AG boosted its stake in PennyMac Financial Services by 46.4% during the fourth quarter. Credit Suisse AG now owns 83,562 shares of the real estate investment trust’s stock valued at $2,845,000 after buying an additional 26,494 shares in the last quarter. 53.49% of the stock is currently owned by institutional investors.

PFSI has been the topic of several research reports. Wells Fargo & Co reissued a “buy” rating on shares of PennyMac Financial Services in a research report on Friday, May 8th. Keefe, Bruyette & Woods upped their price target on PennyMac Financial Services from $40.00 to $53.00 and gave the company an “outperform” rating in a research report on Tuesday, July 7th. Barclays upped their price target on PennyMac Financial Services from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. Credit Suisse Group increased their target price on PennyMac Financial Services from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Finally, JMP Securities increased their target price on PennyMac Financial Services from $25.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $42.63.

PennyMac Financial Services Company Profile

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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Insider Buying and Selling by Quarter for PennyMac Financial Services (NYSE:PFSI)

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