PennyMac Financial Services, Inc. (NYSE:PFSI) CEO David Spector Sells 15,000 Shares of Stock


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PennyMac Financial Services, Inc. (NYSE:PFSI) CEO David Spector sold 15,000 shares of PennyMac Financial Services stock in a transaction on Monday, January 11th. The shares were sold at an average price of $57.25, for a total value of $858,750.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

David Spector also recently made the following trade(s):

  • On Wednesday, December 2nd, David Spector sold 15,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $59.60, for a total value of $894,000.00.
  • On Friday, November 13th, David Spector sold 30,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $56.34, for a total value of $1,690,200.00.

NYSE PFSI opened at $57.45 on Thursday. PennyMac Financial Services, Inc. has a twelve month low of $13.14 and a twelve month high of $70.00. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market capitalization of $4.16 billion, a PE ratio of 4.99 and a beta of 1.14. The stock has a 50-day simple moving average of $61.21 and a 200 day simple moving average of $54.59.

PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $7.03 earnings per share for the quarter, topping the consensus estimate of $5.92 by $1.11. PennyMac Financial Services had a return on equity of 42.33% and a net margin of 37.77%. The business had revenue of $855.30 million during the quarter, compared to analysts’ expectations of $928.98 million. The business’s quarterly revenue was up 262.9% compared to the same quarter last year. As a group, equities research analysts forecast that PennyMac Financial Services, Inc. will post 17.99 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Diversified Trust Co lifted its position in shares of PennyMac Financial Services by 16.1% during the 4th quarter. Diversified Trust Co now owns 4,129 shares of the real estate investment trust’s stock worth $271,000 after purchasing an additional 574 shares during the last quarter. Virtu Financial LLC bought a new position in PennyMac Financial Services during the third quarter valued at about $317,000. Sei Investments Co. increased its stake in PennyMac Financial Services by 70.9% during the third quarter. Sei Investments Co. now owns 37,577 shares of the real estate investment trust’s stock valued at $2,185,000 after acquiring an additional 15,586 shares during the period. Paloma Partners Management Co bought a new position in PennyMac Financial Services during the third quarter valued at about $242,000. Finally, Twinbeech Capital LP bought a new position in PennyMac Financial Services during the third quarter valued at about $944,000. 53.11% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on PFSI shares. Piper Sandler lifted their price objective on PennyMac Financial Services from $79.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, November 6th. Jefferies Financial Group began coverage on PennyMac Financial Services in a research report on Monday, December 14th. They set a “buy” rating and a $95.00 price objective for the company. Barclays boosted their price target on PennyMac Financial Services from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 10th. They noted that the move was a valuation call. BidaskClub cut PennyMac Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, January 7th. Finally, Credit Suisse Group boosted their price target on PennyMac Financial Services from $67.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, November 9th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $69.11.

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.

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