XTX Topco Ltd Makes New Investment in UWM Holdings Co. (NYSE:UWMC)

XTX Topco Ltd purchased a new position in shares of UWM Holdings Co. (NYSE:UWMC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 113,109 shares of the company's stock, valued at approximately $664,000.

Several other institutional investors have also recently added to or reduced their stakes in UWMC. Townsquare Capital LLC acquired a new position in shares of UWM during the fourth quarter worth about $72,000. Sanctuary Advisors LLC purchased a new stake in UWM in the 4th quarter valued at approximately $77,000. HB Wealth Management LLC increased its position in UWM by 23.0% during the 4th quarter. HB Wealth Management LLC now owns 14,053 shares of the company's stock worth $82,000 after purchasing an additional 2,631 shares during the period. Sei Investments Co. purchased a new position in shares of UWM during the 4th quarter worth approximately $82,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of UWM in the 3rd quarter valued at approximately $85,000. Institutional investors and hedge funds own 53.59% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UWMC. Wedbush reaffirmed a "neutral" rating and set a $6.50 price objective on shares of UWM in a report on Monday, March 3rd. UBS Group raised shares of UWM from a "sell" rating to a "neutral" rating and lowered their price target for the stock from $4.75 to $4.50 in a research note on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods upgraded shares of UWM from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $6.50 to $7.50 in a research note on Monday, March 3rd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $7.21.

UWM Price Performance

NYSE UWMC traded down $0.11 during trading hours on Monday, reaching $4.42. The company's stock had a trading volume of 3,169,713 shares, compared to its average volume of 2,885,186. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market cap of $7.06 billion, a PE ratio of -19.22 and a beta of 1.64. The company's 50-day moving average is $5.68 and its two-hundred day moving average is $6.07. UWM Holdings Co. has a fifty-two week low of $4.15 and a fifty-two week high of $9.74.

UWM (NYSE:UWMC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). The company had revenue of $560.21 million during the quarter, compared to analysts' expectations of $645.75 million. Analysts forecast that UWM Holdings Co. will post 0.2 EPS for the current year.

UWM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 9.05%. The ex-dividend date of this dividend was Thursday, March 20th. UWM's dividend payout ratio is presently 500.00%.

UWM Profile

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.