Insider Filings: Anne Mccallion just Unloaded 5,000 shares of PennyMac Financial Services Inc (NYSE:PFSI), be careful if you are long!

November 23, 2016 - By Darrin Black

Insider Filings: Anne Mccallion just Unloaded 5,000 shares of PennyMac Financial Services Inc (NYSE:PFSI), be careful if you are long!

Anne Mccallion Insider Sell

The insider, and Pennymac Financial Services Inc’s Chief Financial Officer, Anne Mccallion, unloaded 5,000 company shares on November 22, 2016, valued by the stock market at $85,080 (at $17.0 per every share). This is not her first insider trade, in the last month, she sold another 10,000 shares worth $164,713 USD.

PennyMac Financial Services Inc (NYSE:PFSI) Ratings Coverage

Out of 8 analysts covering PennyMac Financial Services (NYSE:PFSI), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. $20 is the highest target while $14 is the lowest. The $16.17 average target is -5.71% below today’s ($17.15) stock price. PennyMac Financial Services has been the topic of 12 analyst reports since December 10, 2015 according to StockzIntelligence Inc. Nomura initiated the stock with “Buy” rating in Wednesday, October 26 report. The rating was downgraded by Compass Point to “Neutral” on Wednesday, September 28. The rating was maintained by Citigroup on Thursday, August 4 with “Buy”. The stock of PennyMac Financial Services Inc (NYSE:PFSI) has “Neutral” rating given on Wednesday, September 28 by Bank of America. On Wednesday, January 13 the stock rating was downgraded by Goldman Sachs to “Neutral”. Barclays Capital initiated PennyMac Financial Services Inc (NYSE:PFSI) rating on Thursday, December 10. Barclays Capital has “Overweight” rating and $20 price target. The stock has “Overweight” rating given by Piper Jaffray on Friday, September 9.

Insitutional Activity: The institutional sentiment decreased to 1.15 in Q2 2016. Its down 0.37, from 1.52 in 2016Q1. The ratio fall, as 8 funds sold all PennyMac Financial Services Inc shares owned while 19 reduced positions. 10 funds bought stakes while 31 increased positions. They now own 20.46 million shares or 1.49% more from 20.16 million shares in 2016Q1.

Putnam Ltd Com has invested 0% of its portfolio in PennyMac Financial Services Inc (NYSE:PFSI). Basswood Cap Mngmt Limited Liability Company, a New York-based fund reported 258,499 shares. Northern holds 152,298 shares or 0% of its portfolio. Boston Partners has 681,896 shares for 0.01% of their US portfolio. Rhumbline Advisers accumulated 15,042 shares or 0% of the stock. Tiaa Cref Mngmt Limited Liability Corp reported 46,066 shares or 0% of all its holdings. Strs Ohio holds 45,100 shares or 0% of its portfolio. Sg Americas Securities Limited Liability Co holds 0% of its portfolio in PennyMac Financial Services Inc (NYSE:PFSI) for 12,881 shares. Philadelphia Financial Mngmt Of San Francisco Limited Liability Corp last reported 3.7% of its portfolio in the stock. The Georgia-based Herndon Mgmt Ltd Limited Liability Company has invested 0% in PennyMac Financial Services Inc (NYSE:PFSI). Vanguard Grp Inc reported 1.26M shares or 0% of all its holdings. Martingale Asset Management L P has invested 0.01% of its portfolio in PennyMac Financial Services Inc (NYSE:PFSI). Moreover, Alpine Woods Capital Ltd Limited Liability Company has 0.01% invested in PennyMac Financial Services Inc (NYSE:PFSI) for 10,000 shares. Prudential Fin last reported 61,955 shares in the company. Goldman Sachs Grp has 0% invested in the company for 22,083 shares.

Insider Transactions: Since June 13, 2016, the stock had 0 insider buys, and 18 insider sales for $2.63 million net activity. $665,794 worth of PennyMac Financial Services Inc (NYSE:PFSI) was sold by COOPERMAN LEON G on Friday, November 4. 141 PennyMac Financial Services Inc (NYSE:PFSI) shares with value of $1,960 were sold by Hendry Gregory L. $177,737 worth of PennyMac Financial Services Inc (NYSE:PFSI) shares were sold by Walker David M. $81,187 worth of PennyMac Financial Services Inc (NYSE:PFSI) shares were sold by MCCALLION ANNE. The insider Perotti Daniel Stanley sold $2,555.

The stock increased 1.78% or $0.3 during the last trading session, hitting $17.15. About 623,755 shares traded hands or 296.67% up from the average. PennyMac Financial Services Inc (NYSE:PFSI) has risen 40.89% since April 20, 2016 and is uptrending. It has outperformed by 36.33% the S&P500.

PennyMac Financial Services, Inc. is a financial services company. The company has a market cap of $387.20 million. The Firm 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. It has a 19.01 P/E ratio. It operates through three divisions: loan production, loan servicing and investment management.

According to Zacks Investment Research, “PennyMac Financial Services, Inc. provides financial services primarily in the United States. The Company conducts its business in two segments: mortgage banking and investment management. Mortgage banking segment offers correspondent and retail lending businesses and loan servicing business. Investment management segment offers investment advisory and investment management services. PennyMac Financial Services, Inc. is headquartered in Moorpark, California.”

More recent PennyMac Financial Services Inc (NYSE:PFSI) news were published by: Businesswire.com which released: “PennyMac Financial Services, Inc. Reports Third Quarter 2016 Results” on November 03, 2016. Also Businesswire.com published the news titled: “PennyMac Financial Services, Inc. to Present at the Barclays Global Financial ..” on September 09, 2016. Businesswire.com‘s news article titled: “PennyMac Financial Services, Inc. Announces Date for Release of Third Quarter ..” with publication date: October 25, 2016 was also an interesting one.

PFSI Company Profile

PennyMac Financial Services, Inc. (PFSI), incorporated on December 31, 2012, is a financial services company. The Firm 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 Firm operates through three divisions: loan production, loan servicing and investment management. PFSI’s mortgage banking subsidiary, PennyMac Loan Services, LLC (PLS), is a non-bank producer and servicer of mortgage loans in the United States. PLS services loans in approximately 50 states of the United States, the District of Columbia, Guam and the United States Virgin Islands, and originates loans in approximately 50 states and the District of Columbia in the United States. PFSI’s investment management subsidiary, PNMAC Capital Management, LLC (PCM), is an investment advisor.

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