Lebenthal Global Advisors LLC Acquires 55,785 Shares of UWM Holdings Co. (NYSE:UWMC)

Lebenthal Global Advisors LLC lifted its stake in UWM Holdings Co. (NYSE:UWMC - Free Report) by 132.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,759 shares of the company's stock after purchasing an additional 55,785 shares during the quarter. Lebenthal Global Advisors LLC's holdings in UWM were worth $574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Orion Portfolio Solutions LLC acquired a new position in UWM in the 3rd quarter worth about $85,000. Xponance Inc. acquired a new position in UWM in the second quarter worth approximately $76,000. Intech Investment Management LLC acquired a new position in UWM in the second quarter worth approximately $85,000. Quantinno Capital Management LP bought a new position in UWM during the third quarter valued at approximately $106,000. Finally, HB Wealth Management LLC lifted its stake in UWM by 23.0% in the fourth quarter. HB Wealth Management LLC now owns 14,053 shares of the company's stock valued at $82,000 after acquiring an additional 2,631 shares during the last quarter. 53.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UWMC. Morgan Stanley dropped their price target on shares of UWM from $7.50 to $6.50 and set an "equal weight" rating on the stock in a research note on Thursday, December 19th. Barclays raised shares of UWM from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $6.00 to $8.00 in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods reduced their price target on UWM from $7.00 to $6.50 and set a "market perform" rating for the company in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group lowered their price objective on UWM from $8.50 to $7.50 and set a "neutral" rating on the stock in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $7.39.

UWM Stock Performance

UWMC stock traded down $0.31 during mid-day trading on Friday, reaching $6.05. 2,018,241 shares of the stock traded hands, compared to its average volume of 3,770,119. The firm has a market capitalization of $9.66 billion, a PE ratio of -26.28 and a beta of 1.66. The business has a 50-day moving average of $6.05 and a two-hundred day moving average of $7.26. UWM Holdings Co. has a 52 week low of $5.31 and a 52 week high of $9.74. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06.

UWM (NYSE:UWMC - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.07). The company had revenue of $526.43 million during the quarter, compared to analysts' expectations of $517.02 million. During the same period last year, the firm posted $0.29 EPS. As a group, equities analysts predict that UWM Holdings Co. will post 0.2 EPS for the current fiscal year.

UWM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 19th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 6.62%. The ex-dividend date of this dividend was Thursday, December 19th. UWM's dividend payout ratio (DPR) is currently -173.91%.

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.