Pennymac (PFSI): CFO Perotti sells $341k in shares

Daniel Stanley Perotti, Chief Financial Officer of PennyMac Financial Services, Inc. (NYSE:PFSI), sold 2,925 shares of common stock on September 5, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $116.63, totaling $341,142. The sale comes as PFSI trades near its 52-week high of $121.89, with the stock showing strong momentum, gaining nearly 10% in the past week. According to InvestingPro analysis, the stock is currently showing overbought signals.

The transaction was executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted by Perotti on June 2, 2025. Following the sale, Perotti indirectly holds 225250 shares through The Perotti Family Trust.

Perotti also directly holds 9,964 restricted stock units, which will be settled in an equal number of shares of PennyMac Financial Services common stock upon vesting.

In other recent news, PennyMac Financial Services announced its participation in the Barclays Global Financial Services Conference. The company has made an investor update available on its website and filed it as an exhibit to its Form 8-K report. Analysts have shown a positive outlook on PennyMac Financial, with Piper Sandler reiterating an Overweight rating and setting a price target of $121, citing potential benefits from recent mortgage rate movements. Keefe, Bruyette & Woods (KBW) also raised its price target for the company from $117 to $121, maintaining an Outperform rating and expressing a constructive outlook after meetings with the management team. Furthermore, Wells Fargo has assumed coverage of PennyMac Financial with an Overweight rating and a price target of $115, highlighting the company’s strong franchise and growth opportunities. KBW reiterated its Outperform rating and $117 price target, following discussions with key members of PennyMac’s management. These developments underscore the analysts’ confidence in PennyMac Financial’s strategic positioning and growth potential.

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