Anne Mccallion Sells 10,000 Shares of PennyMac Financial Services Inc (PFSI) Stock

PennyMac Financial Services Inc (NYSE:PFSI) insider Anne Mccallion sold 10,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $22.99, for a total transaction of $229,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

Get PennyMac Financial Services alerts: On Thursday, February 28th, Anne Mccallion sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $23.28, for a total transaction of $232,800.00. On Friday, February 15th, Anne Mccallion sold 20,837 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.83, for a total transaction of $475,708.71. On Tuesday, February 12th, Anne Mccallion sold 5,100 shares of PennyMac Financial Services stock. The stock was sold at an average price of $21.97, for a total transaction of $112,047.00. On Tuesday, January 29th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $20.94, for a total transaction of $104,700.00. On Wednesday, January 16th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $20.78, for a total transaction of $103,900.00. On Wednesday, January 2nd, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $21.29, for a total transaction of $106,450.00. On Tuesday, December 18th, Anne Mccallion sold 6,100 shares of PennyMac Financial Services stock. The shares were sold at an average price of $21.69, for a total transaction of $132,309.00. 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 transaction of $220,300.00.

PFSI stock traded down $0.84 during trading on Thursday, hitting $22.20. 10,164 shares of the stock traded hands, compared to its average volume of 288,333. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.18 and a current ratio of 0.18. The company has a market capitalization of $580.61 million, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 0.87 and a beta of 0.40. PennyMac Financial Services Inc has a 1 year low of $18.77 and a 1 year high of $24.95.

PennyMac Financial Services (NYSE:PFSI) last announced its quarterly earnings results on Thursday, February 7th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. The firm had revenue of $251.20 million for the quarter, compared to the consensus estimate of $238.79 million. PennyMac Financial Services had a net margin of 8.91% and a return on equity of 4.80%. As a group, research analysts predict that PennyMac Financial Services Inc will post 2.81 earnings per share for the current fiscal year.

Several analysts recently commented on the stock. Zacks Investment Research raised shares of PennyMac Financial Services from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 17th. JMP Securities reissued a “hold” rating on shares of PennyMac Financial Services in a research report on Wednesday. Finally, Barclays set a $25.00 price objective on shares of PennyMac Financial Services and gave the company a “buy” rating in a research report on Friday, December 14th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $23.00.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Martingale Asset Management L P boosted its holdings in shares of PennyMac Financial Services by 447.2% during the 3rd quarter. Martingale Asset Management L P now owns 57,452 shares of the real estate investment trust’s stock valued at $1,201,000 after acquiring an additional 46,952 shares during the last quarter. Globeflex Capital L P boosted its holdings in shares of PennyMac Financial Services by 14.8% during the 3rd quarter. Globeflex Capital L P now owns 71,961 shares of the real estate investment trust’s stock valued at $1,504,000 after acquiring an additional 9,300 shares during the last quarter. Professional Planning purchased a new stake in shares of PennyMac Financial Services during the 4th quarter valued at about $5,370,000. Vanguard Group Inc boosted its holdings in shares of PennyMac Financial Services by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 1,900,582 shares of the real estate investment trust’s stock valued at $39,722,000 after acquiring an additional 48,802 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of PennyMac Financial Services by 19.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 68,017 shares of the real estate investment trust’s stock valued at $1,422,000 after acquiring an additional 10,962 shares during the last quarter. 88.79% of the stock is currently owned by hedge funds and other institutional investors.

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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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