PennyMac Financial Services, Inc. (NYSE:PFSI) insider Stanford L. Kurland sold 11,700 shares of PennyMac Financial Services stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $19.00, for a total value of $222,300.00. Following the transaction, the insider now directly owns 11,702 shares of the company’s stock, valued at $222,338. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of PennyMac Financial Services, Inc. (PFSI) opened at $18.65 on Friday. The company has a market capitalization of $432.59 million, a PE ratio of 6.20, a P/E/G ratio of 1.64 and a beta of 0.63. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.27 and a quick ratio of 0.27.
PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.71 EPS for the quarter, meeting analysts’ consensus estimates of $0.71. PennyMac Financial Services had a return on equity of 4.79% and a net margin of 6.87%. The firm had revenue of $250.64 million for the quarter, compared to analyst estimates of $238.59 million. The firm’s quarterly revenue was down 14.0% on a year-over-year basis. equities analysts expect that PennyMac Financial Services, Inc. will post 2.24 earnings per share for the current year.
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A number of analysts have recently weighed in on the company. Zacks Investment Research lowered PennyMac Financial Services from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 25th. BidaskClub upgraded PennyMac Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. ValuEngine lowered PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 17th. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of PennyMac Financial Services in a research report on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $20.25.
Several large investors have recently added to or reduced their stakes in the company. IndexIQ Advisors LLC lifted its position in shares of PennyMac Financial Services by 83.1% during the 3rd quarter. IndexIQ Advisors LLC now owns 50,834 shares of the real estate investment trust’s stock worth $905,000 after buying an additional 23,077 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of 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 during the period. Aperio Group LLC increased its stake in shares of PennyMac Financial Services by 44.1% in the third quarter. Aperio Group LLC now owns 21,662 shares of the real estate investment trust’s stock valued at $386,000 after buying an additional 6,627 shares during the period. First Trust Advisors LP acquired a new stake in shares of PennyMac Financial Services in the third quarter valued at about $294,000. Finally, California State Teachers Retirement System increased its stake in shares of PennyMac Financial Services by 2.9% in the second quarter. California State Teachers Retirement System now owns 28,126 shares of the real estate investment trust’s stock valued at $470,000 after buying an additional 800 shares during the period. Hedge funds and other institutional investors own 87.73% of the company’s stock.
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.
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