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David Spector, Chairman and CEO of PennyMac Financial Services, Inc. (NYSE:PFSI), sold a total of 71,161 shares of common stock on October 23, 2025, for approximately $9.1 million. The sales occurred in multiple transactions with prices ranging from $127.07 to $128.66. The stock, currently trading at $132.96, has shown strong momentum with a 29% return over the past six months and is trading near its 52-week high. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
On the same day, Spector exercised options to acquire 71,161 shares of PennyMac Financial Services at a price of $128.0476, for a total value of $9.1 million.
Following these transactions, Spector directly owns 577,859 shares of PennyMac Financial Services common stock, in addition to 120,604 indirectly held shares through ST Family Investment Company LLC. He also holds options to purchase additional shares in the future.
In other recent news, PennyMac Financial Services Inc. reported a robust performance for its third quarter of 2025, exceeding analysts’ expectations. The company achieved an earnings per share of $3.37, surpassing the projected $2.74, and generated revenue of $632.9 million, outpacing the anticipated $592.53 million. In a separate development, Keefe, Bruyette & Woods raised its price target for PennyMac Financial to $138 from $129, while maintaining a Market Perform rating. The research firm also adjusted its earnings per share estimates for 2025, 2026, and 2027 to $11.95, $15.24, and $17.47, respectively, citing improved operating return on equity guidance from the company. These recent developments underscore PennyMac’s strong financial performance and positive outlook from analysts.
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