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David Spector, Chairman and CEO of PennyMac Financial Services, Inc. (NYSE:PFSI), a $5.2 billion financial services company currently trading near $100.57, sold 5,000 shares of common stock on July 7, 2025, for approximately $504,048. The sales occurred at weighted average prices ranging from $100.48 to $102.37. According to InvestingPro analysis, PFSI is currently trading at an attractive P/E ratio of 14.9x.
The transactions are related to sales of shares held by ST Family Investment Company LLC.
Following the reported transactions, Spector indirectly holds 135,604 shares through ST Family Investment Company LLC. Spector also directly holds 602,859 shares of PennyMac Financial Services. This direct holding includes 36,299 restricted stock units and 566,560 shares of common stock.
The sales were executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted on September 2, 2024.
In other recent news, PennyMac Financial Services has been the focus of several key developments. Keefe, Bruyette & Woods reaffirmed their Outperform rating on PennyMac, citing a positive outlook following a meeting with company management. Analysts expressed confidence in PennyMac’s ability to achieve mid-teens returns on equity if interest rates remain elevated. JMP Securities maintained a Market Perform rating, noting that PennyMac’s current valuation reflects its performance and prospects in the mortgage origination market.
Additionally, PennyMac Mortgage Investment Trust (NYSE:PMT) announced a $100 million public offering of 9.00% Senior Notes due 2030, with the proceeds aimed at various business and investment activities. These activities include acquiring mortgage servicing rights and potentially repaying existing debts. The offering is managed by major financial institutions, including Morgan Stanley (NYSE:MS) and Goldman Sachs.
In the broader mortgage industry context, Keefe, Bruyette & Woods highlighted that companies with significant servicing portfolios, such as PennyMac, are well-positioned amid current market trends. They noted that PennyMac’s strategies and management were strengths in the current economic climate.
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