Anne Mccallion Sells 6,100 Shares of PennyMac Financial Services Inc (PFSI) Stock

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PennyMac Financial Services Inc (NYSE:PFSI) insider Anne Mccallion sold 6,100 shares of the business’s stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $21.69, for a total value of $132,309.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Anne Mccallion also recently made the following trade(s):

  • On Friday, December 7th, Anne Mccallion sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.03, for a total value of $220,300.00.
  • On Tuesday, October 23rd, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $19.44, for a total value of $97,200.00.
  • On Thursday, October 11th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $19.37, for a total value of $96,850.00.
  • On Tuesday, September 25th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $20.88, for a total value of $104,400.00.

Shares of PFSI stock opened at $21.27 on Wednesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market cap of $540.29 million, a PE ratio of 9.67, a price-to-earnings-growth ratio of 0.85 and a beta of 0.64. PennyMac Financial Services Inc has a 1-year low of $18.77 and a 1-year high of $25.20.

PennyMac Financial Services (NYSE:PFSI) last announced its earnings results on Thursday, November 1st. The real estate investment trust reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The business had revenue of $250.93 million during the quarter, compared to the consensus estimate of $232.08 million. PennyMac Financial Services had a return on equity of 3.66% and a net margin of 10.78%. On average, sell-side analysts forecast that PennyMac Financial Services Inc will post 2.54 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Strs Ohio raised its stake in shares of PennyMac Financial Services by 9.7% during the 2nd quarter. Strs Ohio now owns 32,800 shares of the real estate investment trust’s stock worth $644,000 after buying an additional 2,900 shares during the period. Teachers Advisors LLC increased its position in shares of PennyMac Financial Services by 12.3% during the third quarter. Teachers Advisors LLC now owns 37,581 shares of the real estate investment trust’s stock worth $785,000 after purchasing an additional 4,119 shares in the last quarter. BlueMountain Capital Management LLC increased its position in shares of PennyMac Financial Services by 5.7% during the second quarter. BlueMountain Capital Management LLC now owns 76,485 shares of the real estate investment trust’s stock worth $1,503,000 after purchasing an additional 4,140 shares in the last quarter. Globeflex Capital L P increased its position in shares of PennyMac Financial Services by 7.2% during the second quarter. Globeflex Capital L P now owns 62,661 shares of the real estate investment trust’s stock worth $1,231,000 after purchasing an additional 4,182 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of PennyMac Financial Services by 28.4% during the second quarter. Rhumbline Advisers now owns 19,822 shares of the real estate investment trust’s stock worth $390,000 after purchasing an additional 4,387 shares in the last quarter. 90.27% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on PFSI. Barclays set a $25.00 price target on PennyMac Financial Services and gave the company a “buy” rating in a report on Friday, December 14th. Zacks Investment Research downgraded PennyMac Financial Services from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Finally, ValuEngine raised PennyMac Financial Services from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $25.00.

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PennyMac Financial Services Company Profile

PennyMac Financial Services, Inc a specialty financial services company, engages in the mortgage banking and investment management activities in the United States. It is involved in the origination, acquisition, and sale of mortgage loans. The company originates first-lien residential conventional and government-insured or guaranteed mortgage loans to allow customers to purchase or refinance their homes.

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

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