EMG Holdings L.P. Purchases Shares of 442,448 UWM Holdings Co. (NYSE:UWMC)

EMG Holdings L.P. bought a new position in shares of UWM Holdings Co. (NYSE:UWMC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 442,448 shares of the company's stock, valued at approximately $2,597,000. UWM accounts for approximately 1.5% of EMG Holdings L.P.'s holdings, making the stock its 13th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. HB Wealth Management LLC grew its stake in shares of UWM by 23.0% in the fourth 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 last quarter. Victory Capital Management Inc. grew its position in shares of UWM by 20.7% in the 4th quarter. Victory Capital Management Inc. now owns 20,330 shares of the company's stock valued at $119,000 after buying an additional 3,488 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of UWM by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 580,547 shares of the company's stock valued at $3,408,000 after buying an additional 6,257 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in shares of UWM by 31.2% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 30,148 shares of the company's stock worth $177,000 after acquiring an additional 7,164 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in shares of UWM by 5.3% in the fourth quarter. Inspire Investing LLC now owns 188,889 shares of the company's stock worth $1,109,000 after acquiring an additional 9,591 shares during the period. 53.59% of the stock is currently owned by institutional investors and hedge funds.

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UWM Stock Down 0.7 %

NYSE UWMC traded down $0.04 on Friday, hitting $5.52. 6,559,510 shares of the company were exchanged, compared to its average volume of 2,734,695. UWM Holdings Co. has a 12 month low of $5.27 and a 12 month high of $9.74. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06. The company has a market cap of $8.83 billion, a PE ratio of -24.01 and a beta of 1.64. The stock has a fifty day moving average of $6.11 and a 200-day moving average of $6.45.

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

UWM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.40 dividend on an annualized basis and a yield of 7.24%. UWM's dividend payout ratio (DPR) is presently 500.00%.

Analysts Set New Price Targets

Several research firms have issued reports on UWMC. Wedbush restated a "neutral" rating and set a $6.50 price target on shares of UWM in a report on Monday, March 3rd. Morgan Stanley lowered their target price on shares of UWM from $7.50 to $6.50 and set an "equal weight" rating for the company in a research note on Thursday, December 19th. Finally, Keefe, Bruyette & Woods raised shares of UWM from a "market perform" rating to an "outperform" rating and upped their price target for the company from $6.50 to $7.50 in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $7.25.

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.