PennyMac Financial Services Inc (PFSI) Insider Sells $122,000.00 in Stock

PennyMac Financial Services Inc (NYSE:PFSI) insider Jeffrey Grogin sold 5,000 shares of PennyMac Financial Services stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $24.40, for a total transaction of $122,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Friday, February 16th, Jeffrey Grogin sold 15,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $23.37, for a total transaction of $350,550.00.
  • On Tuesday, February 13th, Jeffrey Grogin sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.04, for a total transaction of $220,400.00.
  • On Thursday, February 8th, Jeffrey Grogin sold 15,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $21.56, for a total transaction of $323,400.00.
  • On Monday, February 5th, Jeffrey Grogin sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.33, for a total transaction of $223,300.00.
  • On Monday, January 29th, Jeffrey Grogin sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.26, for a total transaction of $111,300.00.
  • On Wednesday, January 31st, Jeffrey Grogin sold 15,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.20, for a total transaction of $333,000.00.
  • On Friday, January 26th, Jeffrey Grogin sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.65, for a total transaction of $113,250.00.

Shares of PennyMac Financial Services Inc (NYSE:PFSI) traded up $0.02 during trading on Thursday, hitting $24.52. 51,998 shares of the company were exchanged, compared to its average volume of 218,110. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $569.40, a price-to-earnings ratio of 6.06, a P/E/G ratio of 1.54 and a beta of 0.64. PennyMac Financial Services Inc has a fifty-two week low of $15.65 and a fifty-two week high of $25.20.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.02). The company had revenue of $298.63 million during the quarter, compared to analyst estimates of $238.86 million. PennyMac Financial Services had a net margin of 10.55% and a return on equity of 3.62%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 EPS. equities analysts anticipate that PennyMac Financial Services Inc will post 3.15 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of PFSI. Citigroup Inc. grew its holdings in PennyMac Financial Services by 1,652.1% during the 2nd quarter. Citigroup Inc. now owns 6,150 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 5,799 shares during the period. MetLife Investment Advisors LLC acquired a new stake in PennyMac Financial Services during the 4th quarter worth $163,000. Voya Investment Management LLC acquired a new stake in PennyMac Financial Services during the 2nd quarter worth $174,000. Victory Capital Management Inc. grew its holdings in 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 worth $188,000 after acquiring an additional 3,621 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in PennyMac Financial Services by 11.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,732 shares of the real estate investment trust’s stock worth $213,000 after acquiring an additional 1,312 shares during the period. 90.18% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on PFSI. Keefe, Bruyette & Woods cut shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Zacks Investment Research lowered shares of PennyMac Financial Services from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Wedbush assumed coverage on shares of PennyMac Financial Services in a report on Friday, February 16th. They issued an “outperform” rating and a $30.00 price target for the company. Barclays set a $27.00 price target on shares of PennyMac Financial Services and gave the company a “buy” rating in a report on Sunday, February 11th. Finally, ValuEngine raised shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $26.00.

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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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