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BAC   22.71 (-1.73%)
NFLX   503.73 (+0.19%)
BA   176.16 (-2.18%)
AAPL   383.82 (+0.64%)
CGC   16.09 (-1.47%)
TSLA   1,379.20 (+0.98%)
AMD   54.95 (+2.84%)
BAC   22.71 (-1.73%)
NFLX   503.73 (+0.19%)
BA   176.16 (-2.18%)
AAPL   383.82 (+0.64%)
CGC   16.09 (-1.47%)
TSLA   1,379.20 (+0.98%)
AMD   54.95 (+2.84%)
BAC   22.71 (-1.73%)
NFLX   503.73 (+0.19%)
BA   176.16 (-2.18%)
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Insider Selling: PennyMac Financial Services Inc (NYSE:PFSI) Insider Sells 9,225 Shares of Stock

Last updated on Monday, July 6th, 2020 by MarketBeat

PennyMac Financial Services Inc (NYSE:PFSI) insider Jeffrey Grogin sold 9,225 shares of the business's stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $41.40, for a total transaction of $381,915.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Tuesday, May 5th, Jeffrey Grogin sold 4,609 shares of PennyMac Financial Services stock. The stock was sold at an average price of $29.35, for a total transaction of $135,274.15.
  • On Friday, May 1st, Jeffrey Grogin sold 4,617 shares of PennyMac Financial Services stock. The stock was sold at an average price of $29.24, for a total transaction of $135,001.08.
  • On Tuesday, April 28th, Jeffrey Grogin sold 36,900 shares of PennyMac Financial Services stock. The stock was sold at an average price of $29.06, for a total transaction of $1,072,314.00.

Shares of PennyMac Financial Services stock traded up $0.55 on Monday, reaching $41.07. The company had a trading volume of 565,417 shares, compared to its average volume of 922,849. PennyMac Financial Services Inc has a 52-week low of $13.14 and a 52-week high of $43.14. The firm's 50 day moving average price is $36.66 and its two-hundred day moving average price is $32.27. The firm has a market cap of $3.21 billion, a PE ratio of 5.11 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 (NYSE:PFSI) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.62. PennyMac Financial Services had a net margin of 33.47% and a return on equity of 32.19%. The firm had revenue of $721.83 million for the quarter, compared to the consensus estimate of $664.45 million. As a group, sell-side analysts predict that PennyMac Financial Services Inc will post 11.83 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC increased its stake in PennyMac Financial Services by 23.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 128,116 shares of the real estate investment trust's stock worth $2,833,000 after buying an additional 24,351 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in PennyMac Financial Services by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 220,367 shares of the real estate investment trust's stock worth $7,502,000 after acquiring an additional 4,272 shares in the last quarter. Alliancebernstein L.P. grew its holdings in PennyMac Financial Services by 86.5% during the 1st quarter. Alliancebernstein L.P. now owns 298,578 shares of the real estate investment trust's stock worth $6,602,000 after acquiring an additional 138,482 shares in the last quarter. Two Sigma Investments LP grew its holdings in PennyMac Financial Services by 681.4% during the 1st quarter. Two Sigma Investments LP now owns 96,691 shares of the real estate investment trust's stock worth $2,138,000 after acquiring an additional 84,317 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in PennyMac Financial Services by 162.2% during the 1st quarter. Wellington Management Group LLP now owns 45,145 shares of the real estate investment trust's stock worth $998,000 after acquiring an additional 27,926 shares in the last quarter. 53.49% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on PFSI. Wells Fargo & Co reiterated a "buy" rating on shares of PennyMac Financial Services in a report on Friday, May 8th. Barclays boosted their target price on shares of PennyMac Financial Services from $40.00 to $44.00 and gave the company an "overweight" rating in a report on Thursday, June 11th. Credit Suisse Group boosted their target price on shares of PennyMac Financial Services from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Monday. Finally, JMP Securities boosted their target price on shares of PennyMac Financial Services from $25.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. PennyMac Financial Services currently has a consensus rating of "Buy" and an average target price of $41.00.

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.

See Also: Technical Analysis

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

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