Is there a Bearish outlook for PennyMac Financial Services, Inc. (NYSE:PFSI) this week?

July 12, 2018 - By Hannah Black

Investors sentiment increased to 1.41 in 2018 Q1. Its up 0.19, from 1.22 in 2017Q4. It improved, as 6 investors sold PennyMac Financial Services, Inc. shares while 28 reduced holdings. 18 funds opened positions while 30 raised stakes. 21.16 million shares or 2.20% less from 21.64 million shares in 2017Q4 were reported.
Rhumbline Advisers reported 15,435 shares. Manufacturers Life Insurance The has 0% invested in PennyMac Financial Services, Inc. (NYSE:PFSI) for 12,325 shares. State Common Retirement Fund accumulated 18,000 shares. 1,102 are held by Ameritas Invest Prns. Tower Cap Ltd Liability Company (Trc) holds 0.01% or 6,405 shares. 97,954 are held by Ellington Mngmt Group Inc Limited Liability Co. Dimensional Fund Advsr L P holds 0.01% or 737,494 shares in its portfolio. Prudential Financial Incorporated invested in 26,835 shares or 0% of the stock. Gsa Cap Prns Llp holds 0.01% of its portfolio in PennyMac Financial Services, Inc. (NYSE:PFSI) for 11,122 shares. Metropolitan Life Ins New York holds 0% or 5,491 shares in its portfolio. First Advisors Limited Partnership reported 0% of its portfolio in PennyMac Financial Services, Inc. (NYSE:PFSI). Bluemountain Mgmt Limited Liability invested in 72,345 shares or 0.04% of the stock. Aqr Mngmt Limited Company holds 0% or 61,548 shares in its portfolio. Nordea reported 0.01% of its portfolio in PennyMac Financial Services, Inc. (NYSE:PFSI). Brandywine Inv Mgmt Lc invested 0% in PennyMac Financial Services, Inc. (NYSE:PFSI).

Since January 17, 2018, it had 0 insider buys, and 64 sales for $16.33 million activity. KURLAND STANFORD L sold $205,929 worth of stock or 9,664 shares. Walker David M had sold 10,000 shares worth $202,918. $224,446 worth of PennyMac Financial Services, Inc. (NYSE:PFSI) shares were sold by Botein Matthew. $698,165 worth of PennyMac Financial Services, Inc. (NYSE:PFSI) was sold by Jones Doug on Monday, April 2. $29,003 worth of PennyMac Financial Services, Inc. (NYSE:PFSI) shares were sold by Hendry Gregory L. Grogin Jeffrey sold $332,977 worth of PennyMac Financial Services, Inc. (NYSE:PFSI) on Monday, January 29.

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

Among 4 analysts covering PennyMac Financial (NYSE:PFSI), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. PennyMac Financial had 6 analyst reports since February 9, 2018 according to SRatingsIntel. Wedbush initiated it with “Buy” rating and $30.0 target in Friday, February 16 report. The firm has “Hold” rating given on Friday, May 4 by Wells Fargo. The stock has “Hold” rating by Keefe Bruyette & Woods on Friday, February 9. The company was upgraded on Monday, May 7 by Wood. The rating was upgraded by Keefe Bruyette & Woods on Monday, May 7 to “Buy”. The firm earned “Outperform” rating on Wednesday, April 4 by Wells Fargo. Below is a list of PennyMac Financial Services, Inc. (NYSE:PFSI) latest ratings and price target changes.

07/05/2018 Broker: Keefe Bruyette & Woods Rating: Buy Upgrade
07/05/2018 Broker: Wood Old Rating: Market Perform New Rating: Outperform Upgrade
04/05/2018 Broker: Wells Fargo Rating: Hold New Target: $21.0000 Downgrade
04/04/2018 Broker: Wells Fargo Rating: Outperform New Target: $28 Maintain
16/02/2018 Broker: Wedbush Rating: Buy New Target: $30.0 Initiate
09/02/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $25.0 Maintain

The stock decreased 0.38% or $0.08 during the last trading session, reaching $19.77. About 17,204 shares traded. PennyMac Financial Services, Inc. (NYSE:PFSI) has risen 21.99% since July 12, 2017 and is uptrending. It has outperformed by 9.42% 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 $1.55 billion. It operates through three divisions: Loan Production, Loan Servicing, and Investment Management. It has a 4.36 P/E ratio. The Loan Production segment is involved in the origination, acquisition, and sale of mortgage loans.

PennyMac Financial Services, Inc. (NYSE:PFSI) Institutional Positions Chart

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