Pennymac Financial Services Stock News

Real estate lenders may face some headwinds going into 2022.

PennyMac: Attractive Valuation But I Am Not Buying Yet

PennyMac Financial Services, Inc. (NYSE:PFSI) CEO David Spector sold 15,000 shares of the firms stock in a transaction on Monday, December 6th. The shares were sold at an average price of $69.22, for a total transaction of $1,038,300.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. []

Top Mortgage Lender Hires Financial Services Veteran Jenny Rhodes to Lead Its Human Resources Division PennyMac Financial Services, Inc., one of the largest publicly-traded residential mortgage companies in the country, announced it has appointed Jenny Rhodes as the organizations Managing Director and Chief Human Resources Officer. PennyMac is pleased to welcome Jenny to our leadership [] The post PennyMac Expands Its Leadership Team Hiring Jenny Rhodes as Managing Director and Chief Human Resources Officer appeared first on TecHR .

A canceled secondary stock sale might be good news for investors.

Invesco Ltd. lowered its stake in shares of PennyMac Financial Services, Inc. (NYSE:PFSI) by 17.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 231,126 shares of the real estate investment trusts stock after selling 48,857 shares during the quarter. Invesco Ltd. owned about []

IFP Advisors Inc cut its holdings in PennyMac Financial Services, Inc. (NYSE:PFSI) by 13.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,402 shares of the real estate investment trusts stock after selling 372 shares during the quarter. IFP Advisors Incs holdings in []

PennyMac Financial Services, Inc. (NYSE:PFSI) CEO David Spector sold 15,000 shares of the stock in a transaction on Thursday, November 18th. The stock was sold at an average price of $62.28, for a total transaction of $934,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through []

Hennessy Advisors Inc. lowered its stake in shares of PennyMac Financial Services, Inc. (NYSE:PFSI) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,300 shares of the real estate investment trusts stock after selling 1,500 shares during the quarter. Hennessy []

Man Group plc lowered its stake in shares of PennyMac Financial Services, Inc. (NYSE:PFSI) by 84.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,866 shares of the real estate investment trusts stock after selling 92,384 shares during the period. Man Group plcs holdings in []

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that Andrew S. Chang has decided to step down from the positions of Senior Managing Director and Chief Operating Officer of both PFSI and PMT on December 31, 2021, in order to pursue other interests. Mr. Chang will assume a new position as Special Advisor to the Chairman and CEO, David Spector, at PFSI and PMT. Andy has been a dedicated le

Squarepoint Ops LLC acquired a new position in shares of PennyMac Financial Services, Inc. (NYSE:PFSI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,670 shares of the real estate investment trusts stock, valued at approximately $412,000. A number of other hedge funds also []

PennyMac Financial Services (NYSE:PFSI) was downgraded by Zacks Investment Research from a buy rating to a hold rating in a note issued to investors on Saturday, Zacks.com reports. According to Zacks, PennyMac Financial Services, Inc. provides financial services primarily in the United States. The Company conducts its business in two segments: mortgage banking and investment []

PennyMac Financial Services, Inc. (NYSE:PFSI) Analysts at Wedbush increased their FY2021 earnings per share estimates for shares of PennyMac Financial Services in a note issued to investors on Wednesday, November 10th. Wedbush analyst H. Coffey now forecasts that the real estate investment trust will post earnings of $20.22 per share for the year, up []

The mean of analysts' price targets for PennyMac (PFSI) points to a 28% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts