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PennyMac Financial Services, Inc. (NYSE:PFSI), a $5.1 billion market cap financial services company currently trading at $98.52, saw its Chairman and CEO David Spector recently sell shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The transactions, which took place on June 11, 2025, were conducted under a pre-established Rule 10b5-1 trading plan.
Spector sold a total of 5,000 shares at prices ranging from $97.79 to $99.40, amounting to a total transaction value of approximately $491,428. These sales were executed in multiple transactions with varying prices, as detailed in the filing.
Following these transactions, Spector holds 140,604 shares of PennyMac’s common stock indirectly through the ST Family Investment Company LLC. Additionally, he holds 602,859 shares directly, which includes 36,299 restricted stock units set to be settled in an equal number of shares upon vesting.
These sales were automatically executed as part of the CEO’s trading plan adopted on September 2, 2024.
In other recent news, PennyMac Financial Services has been the subject of several analyst evaluations and strategic financial activities. JMP Securities reiterated its Market Perform rating, citing PennyMac’s current valuation and projecting a return on equity of 14.6% for 2025. Keefe, Bruyette & Woods maintained an Outperform rating with a price target of $114.00, expressing confidence in the company’s ability to achieve mid-teens returns on equity if interest rates remain high. Additionally, PennyMac Mortgage Investment Trust (NYSE:PMT) announced a $100 million public offering of 9.00% Senior Notes due 2030, with plans to use the proceeds for various business and investment activities, including acquiring mortgage servicing rights and funding correspondent lending. The offering will be managed by financial institutions such as Morgan Stanley (NYSE:MS) and Goldman Sachs, with the notes expected to be listed on the New York Stock Exchange. These developments reflect PennyMac’s strategic positioning and financial planning in the current economic climate.
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