PennyMac Financial Services Inc. (PFSI) CFO Anne Mccallion Sells 5,000 Shares

PennyMac Financial Services Inc. (NYSE:PFSI) CFO Anne Mccallion sold 5,000 shares of the business’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $16.62, for a total transaction of $83,100.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Tuesday, October 25th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.33, for a total value of $81,650.00.
  • On Wednesday, October 12th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.14, for a total value of $80,700.00.
  • On Wednesday, September 28th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.90, for a total value of $84,500.00.
  • On Thursday, September 15th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $17.64, for a total value of $88,200.00.
  • On Friday, August 26th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.24, for a total value of $81,200.00.
  • On Thursday, August 18th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.24, for a total value of $81,200.00.

Shares of PennyMac Financial Services Inc. (NYSE:PFSI) traded up 0.60% during mid-day trading on Wednesday, hitting $16.80. 20,434 shares of the stock traded hands. PennyMac Financial Services Inc. has a 12 month low of $10.48 and a 12 month high of $18.13. The company has a market cap of $374.79 million, a P/E ratio of 6.60 and a beta of 0.57. The firm has a 50 day moving average of $16.75 and a 200 day moving average of $14.91.

PennyMac Financial Services (NYSE:PFSI) last issued its earnings results on Thursday, November 3rd. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.16. PennyMac Financial Services had a net margin of 6.76% and a return on equity of 4.88%. The firm earned $291.40 million during the quarter, compared to analysts’ expectations of $259.79 million. During the same quarter last year, the company posted $0.58 earnings per share. The firm’s revenue was up 54.0% compared to the same quarter last year. Equities analysts anticipate that PennyMac Financial Services Inc. will post $2.71 EPS for the current fiscal year.

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

Several hedge funds and other institutional investors have recently modified their holdings of PFSI. Credit Suisse AG acquired a new position in shares of PennyMac Financial Services during the third quarter valued at about $317,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of PennyMac Financial Services during the third quarter valued at about $353,000. The Manufacturers Life Insurance Company purchased a new position in PennyMac Financial Services during the third quarter worth $189,000. SECOR Capital Advisors LP purchased a new position in PennyMac Financial Services during the third quarter worth $411,000. Finally, Morgan Stanley boosted its position in PennyMac Financial Services by 48.6% in the third quarter. Morgan Stanley now owns 135,090 shares of the real estate investment trust’s stock worth $2,298,000 after buying an additional 44,178 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Saturday, September 17th. Citigroup Inc. upped their target price on shares of PennyMac Financial Services from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, September 9th. JPMorgan Chase & Co. upped their target price on shares of PennyMac Financial Services from $14.00 to $16.50 and gave the stock a “neutral” rating in a report on Friday, August 5th. Bank of America Corp. downgraded shares of PennyMac Financial Services from a “buy” rating to a “neutral” rating in a report on Wednesday, September 28th. Finally, Nomura reaffirmed a “buy” rating and issued a $20.00 target price on shares of PennyMac Financial Services in a report on Friday, November 4th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $18.15.

PennyMac Financial Services Company Profile

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. It operates through three segments: loan production, loan servicing and investment management.

5 Day Chart for NYSE:PFSI

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