PennyMac Financial Services Inc (NYSE:PFSI) insider Jeffrey Grogin sold 5,000 shares of PennyMac Financial Services stock in a transaction on Monday, January 29th. The stock was sold at an average price of $22.26, for a total transaction of $111,300.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Wednesday, January 31st, Jeffrey Grogin sold 15,000 shares of PennyMac Financial Services stock. The stock was 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 stock was sold at an average price of $22.65, for a total transaction of $113,250.00.

PennyMac Financial Services Inc (PFSI) traded down $0.15 during midday trading on Thursday, reaching $22.05. 5,355 shares of the company were exchanged, compared to its average volume of 143,415. The firm has a market capitalization of $517.01, a P/E ratio of 11.56, a PEG ratio of 1.49 and a beta of 0.68. PennyMac Financial Services Inc has a 52 week low of $15.65 and a 52 week high of $24.00. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 1.66.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.71 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.71. PennyMac Financial Services had a net margin of 6.47% and a return on equity of 4.11%. The company had revenue of $250.64 million during the quarter, compared to analysts’ expectations of $238.59 million. The company’s revenue was down 14.0% compared to the same quarter last year. equities analysts predict that PennyMac Financial Services Inc will post 2.29 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. increased its holdings in PennyMac Financial Services by 1,652.1% in the second quarter. Citigroup Inc. now owns 6,150 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 5,799 shares in the last quarter. Voya Investment Management LLC purchased a new position in PennyMac Financial Services in the second quarter valued at $174,000. Victory Capital Management Inc. increased its holdings in PennyMac Financial Services by 52.0% in the third quarter. Victory Capital Management Inc. now owns 10,585 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 3,621 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in PennyMac Financial Services by 11.5% in the second quarter. The Manufacturers Life Insurance Company now owns 12,732 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 1,312 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in PennyMac Financial Services by 23.6% in the second quarter. Cubist Systematic Strategies LLC now owns 13,025 shares of the real estate investment trust’s stock valued at $218,000 after buying an additional 2,489 shares in the last quarter. 89.55% of the stock is owned by institutional investors.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Thursday, January 18th. Barclays set a $25.00 target price on shares of PennyMac Financial Services and gave the company a “buy” rating in a research report on Tuesday, December 12th. Keefe, Bruyette & Woods downgraded shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. Finally, ValuEngine upgraded shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 15th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $23.50.

TRADEMARK VIOLATION WARNING: This piece was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.dailypolitical.com/2018/02/01/pennymac-financial-services-inc-pfsi-insider-jeffrey-grogin-sells-5000-shares.html.

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. 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)

Receive News & Ratings for PennyMac Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennyMac Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.