Leon Cooperman’s Cooperman Leon G Opened Huge Pennymac Financial Services, Inc Position

February 15, 2018 - By Adrian Erickson

 Leon Cooperman's Cooperman Leon G Opened Huge Pennymac Financial Services, Inc Position

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.26, from 1.32 in 2017Q2. It dived, 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.

Nationwide Fund Advsr has invested 0.01% of its portfolio in PennyMac Financial Services, Inc. (NYSE:PFSI). Amer International Group Inc owns 10,660 shares for 0% of their portfolio. 15,500 were accumulated by Td Asset Mngmt. State Street reported 234,622 shares or 0% of all its holdings. 370,000 were accumulated by Jpmorgan Chase &. 3,343 are owned by Bnp Paribas Arbitrage Sa. Philadelphia Finance Of San Francisco Ltd stated it has 1.01 million shares. Clarivest Asset Mngmt Ltd Company stated it has 234,700 shares or 0.09% of all its holdings. Ameritas Inv Prtn Inc invested in 0% or 1,102 shares. Grantham Mayo Van Otterloo And has 0% invested in PennyMac Financial Services, Inc. (NYSE:PFSI). Geode Cap Mngmt Limited Com owns 150,817 shares or 0% of their US portfolio. Omega Advsrs has invested 1.12% of its portfolio in PennyMac Financial Services, Inc. (NYSE:PFSI). Aperio Grp Inc Ltd Liability holds 21,662 shares. Meeder Asset Management Inc has invested 0% in PennyMac Financial Services, Inc. (NYSE:PFSI). Par Capital Mgmt holds 0.11% in PennyMac Financial Services, Inc. (NYSE:PFSI) or 550,000 shares.

Since August 23, 2017, it had 0 insider purchases, and 39 insider sales for $7.31 million activity. Grogin Jeffrey had sold 15,000 shares worth $332,977 on Monday, January 29. $329,275 worth of PennyMac Financial Services, Inc. (NYSE:PFSI) shares were sold by Jones Doug. SPECTOR DAVID sold $232,430 worth of stock. Another trade for 10,000 shares valued at $229,122 was made by Botein Matthew on Thursday, January 25. On Thursday, January 4 the insider MCCALLION ANNE sold $236,750. $198,216 worth of PennyMac Financial Services, Inc. (NYSE:PFSI) shares were sold by KURLAND STANFORD L.

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 1.06M 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. The company was reinitiated on Friday, September 9 by Piper Jaffray. JMP Securities downgraded the shares of PFSI in report on Wednesday, February 8 to “Mkt Perform” rating. Keefe Bruyette & Woods maintained the shares of PFSI in report on Thursday, September 28 with “Buy” rating. The stock of PennyMac Financial Services, Inc. (NYSE:PFSI) earned “Buy” rating by Piper Jaffray on Sunday, November 12. The firm has “Neutral” rating given on Wednesday, January 13 by Goldman Sachs. The firm has “Neutral” rating given on Wednesday, September 28 by Bank of America. The firm has “Buy” rating given on Friday, June 9 by Keefe Bruyette & Woods. The stock of PennyMac Financial Services, Inc. (NYSE:PFSI) has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. On Wednesday, October 26 the stock rating was initiated by Nomura with “Buy”. Barclays Capital initiated PennyMac Financial Services, Inc. (NYSE:PFSI) rating on Thursday, December 10. Barclays Capital has “Overweight” rating and $20 target.

More notable recent PennyMac Financial Services, Inc. (NYSE:PFSI) news were published by: Businesswire.com which released: “PennyMac Financial Services, Inc. Reports Fourth Quarter and Full-Year 2017 …” on February 08, 2018, also Seekingalpha.com with their article: “PennyMac Financial Services’ (PFSI) CEO David Spector on Q3 2017 Results …” published on November 04, 2017, Businesswire.com published: “PennyMac Financial Services, Inc. Announces Ted Tozer Is Joining Its Board of …” on July 19, 2017. More interesting news about PennyMac Financial Services, Inc. (NYSE:PFSI) were released by: Businesswire.com and their article: “PennyMac Financial Services, Inc. Reports Fourth Quarter and Full-Year 2016 …” published on February 02, 2017 as well as Businesswire.com‘s news article titled: “PennyMac Financial Services, Inc. Announces Pricing of Term Notes Secured by …” with publication date: February 15, 2017.

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