Leon Cooperman’s Cooperman Leon G Disclosed New Pennymac Financial Services, Inc Position

February 15, 2018 - By Adrian Erickson

 Leon Cooperman's Cooperman Leon G Disclosed New Pennymac Financial Services, Inc Position

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.26, from 1.32 in 2017Q2. It is negative, as 13 investors sold PennyMac Financial Services, Inc. shares while 22 reduced holdings. 12 funds opened positions while 25 raised stakes. 21.18 million shares or 4.21% more from 20.32 million shares in 2017Q2 were reported.

Moreover, Morgan Stanley has 0% invested in PennyMac Financial Services, Inc. (NYSE:PFSI). Rhumbline Advisers holds 18,357 shares or 0% of its portfolio. United Automobile Association reported 39,900 shares or 0% of all its holdings. Alliancebernstein L P holds 163,835 shares. Jpmorgan Chase And holds 370,000 shares or 0% of its portfolio. Legal & General Grp Public Ltd Co reported 5,006 shares or 0% of all its holdings. Strs Ohio holds 0% in PennyMac Financial Services, Inc. (NYSE:PFSI) or 3,900 shares. Nationwide Fund holds 0.01% or 91,941 shares in its portfolio. Tci Wealth Advsrs accumulated 0% or 186 shares. Voya Ltd owns 0% invested in PennyMac Financial Services, Inc. (NYSE:PFSI) for 10,419 shares. Invesco Limited has invested 0% in PennyMac Financial Services, Inc. (NYSE:PFSI). Ameritas Inv Partners Inc owns 1,102 shares. New York-based Metropolitan Life Insurance Ny has invested 0% in PennyMac Financial Services, Inc. (NYSE:PFSI). Vanguard Gp holds 1.67M shares or 0% of its portfolio. Connor Clark Lunn Investment Management has 107,437 shares for 0.01% of their portfolio.

Since August 23, 2017, it had 0 insider buys, and 39 sales for $7.31 million activity. KURLAND STANFORD L also sold $198,216 worth of PennyMac Financial Services, Inc. (NYSE:PFSI) shares. Walker David M sold $180,933 worth of stock or 10,000 shares. 21,000 shares were sold by Jones Doug, worth $450,169 on Friday, December 8. Botein Matthew had sold 10,000 shares worth $224,446 on Thursday, February 1. 10,000 shares were sold by MCCALLION ANNE, worth $236,750. $125,166 worth of PennyMac Financial Services, Inc. (NYSE:PFSI) was sold by Perotti Daniel Stanley on Tuesday, January 2.

The New Leon Cooperman’s Cooperman Leon G Holding in Pennymac Financial Services, Inc

Cooperman Leon G reported SC 13G/A form with the SEC for Pennymac Financial Services, Inc. Access it here: 000094366318000075. As reported by Leon Cooperman’s Cooperman Leon G, the filler owns 6.79% or 1,581,975 shares of the Finance–company.

Pennymac Financial Services, Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Leon Cooperman’s Cooperman Leon G’s positive view for Pennymac Financial Services, Inc. For a hedge fund managing $12.65 billion in assets and having 38+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Leon Cooperman’s Cooperman Leon G’s portfolio is in the sector.

Pennymac Financial Services, Inc Institutional Sentiment

Filings show 78 investors own Pennymac Financial Services, Inc. The ownership in Q3 2015 is high, at 81.74 % of the outstanding shares. This is increased by 691944. 19234130 were owned by these investors. 11 funds opened new Pennymac Financial Services, Inc stakes, 21 increased positions. There were 13 that closed positions and 24 reduced them.

Roberto Mignone Bridger Management Llc is an investor bullish on Pennymac Financial Services, Inc, owning 1776073 shares as of Q3 2015 for 1.94% of its portfolio. Three Corner Global Investors Lp owns 232114 shares or 1.35% of its portfolio. CA Philadelphia Financial Management Of San Francisco Llc have 3.09% of its portfolio for 904565 shares. Further, Greenwich Investment Management Inc reported stake worth 1.58% of its portfolio. The NY Seven Locks Capital Management Lp owns 1013440 shares. Pennymac Financial Services, Inc is 5.25% of its portfolio.

Business Profile

PennyMac Financial Services, Inc. (PFSI) is a financial services company. The Company is focused on the production and servicing of the United States residential mortgage loans and the management of investments related to the United States mortgage market. The Company operates through three segments: loan production, loan servicing and investment management. PFSI’s mortgage banking subsidiary, PennyMac Loan Services, LLC (PLS), is a non-bank producer and servicer of mortgage loans in the United States. As of December 31, 2016, PLS serviced loans in all 50 states, the District of Columbia, Guam and the United States Virgin Islands, and originated loans in 49 states and the District of Columbia. PFSI’s investment management subsidiary, PNMAC Capital Management, LLC (PCM), is an investment advisor. PLS is a seller and servicer for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).

SEC Form 13G.

Leon Cooperman’s Cooperman Leon G website.

The stock increased 2.39% or $0.55 during the last trading session, reaching $23.6. About 1.06 million shares traded or 335.30% up from the average. PennyMac Financial Services, Inc. (NYSE:PFSI) has risen 22.47% since February 15, 2017 and is uptrending. It has outperformed by 5.77% the S&P500.

PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company has market cap of $1.82 billion. It operates through three divisions: Loan Production, Loan Servicing, and Investment Management. It has a 5.86 P/E ratio. The Loan Production segment is involved in the origination, acquisition, and sale of mortgage loans.

PennyMac Financial Services, Inc. (NYSE:PFSI) Ratings Coverage

Among 10 analysts covering PennyMac Financial Services (NYSE:PFSI), 4 have Buy rating, 1 Sell and 5 Hold. Therefore 40% are positive. PennyMac Financial Services has $31.0 highest and $14 lowest target. $20.75’s average target is -12.08% below currents $23.6 stock price. PennyMac Financial Services had 28 analyst reports since December 10, 2015 according to SRatingsIntel. Barclays Capital initiated PennyMac Financial Services, Inc. (NYSE:PFSI) on Thursday, December 10 with “Overweight” rating. Keefe Bruyette & Woods downgraded the stock to “Hold” rating in Monday, January 8 report. Bank of America downgraded the stock to “Underperform” rating in Thursday, December 15 report. The stock of PennyMac Financial Services, Inc. (NYSE:PFSI) has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained PennyMac Financial Services, Inc. (NYSE:PFSI) on Friday, June 9 with “Buy” rating. On Friday, September 9 the stock rating was reinitiated by Piper Jaffray with “Overweight”. Piper Jaffray maintained the stock with “Buy” rating in Thursday, January 4 report. On Thursday, September 28 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The stock has “Mkt Perform” rating by JMP Securities on Wednesday, February 8. The stock has “Buy” rating by Nomura on Wednesday, October 26.

More notable recent PennyMac Financial Services, Inc. (NYSE:PFSI) news were published by: Businesswire.com which released: “PennyMac Financial Services, Inc. Announces Pricing of Term Notes Secured by …” on February 15, 2017, also Seekingalpha.com with their article: “PennyMac Financial Services’ (PFSI) CEO David Spector on Q2 2017 Results …” published on August 05, 2017, Businesswire.com published: “PennyMac Financial Services, Inc. Reports First Quarter 2017 Results” on May 04, 2017. More interesting news about PennyMac Financial Services, Inc. (NYSE:PFSI) were released by: Businesswire.com and their article: “PennyMac Financial Services, Inc. Announces Ted Tozer Is Joining Its Board of …” published on July 19, 2017 as well as Businesswire.com‘s news article titled: “PennyMac Financial Services, Inc. Reports Fourth Quarter and Full-Year 2016 …” with publication date: February 02, 2017.

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