Shares of UWM Holdings Co. (NYSE:UWMC - Get Free Report) have been given an average recommendation of "Reduce" by the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $7.39.
Several brokerages recently weighed in on UWMC. Keefe, Bruyette & Woods boosted their price objective on UWM from $7.00 to $8.00 and gave the company a "market perform" rating in a report on Wednesday, August 7th. UBS Group boosted their price objective on UWM from $4.50 to $4.75 and gave the company a "sell" rating in a report on Thursday, September 5th. The Goldman Sachs Group boosted their price objective on UWM from $7.50 to $8.50 and gave the company a "neutral" rating in a report on Thursday, August 8th. BTIG Research boosted their price objective on UWM from $8.00 to $10.00 and gave the company a "buy" rating in a report on Tuesday, August 6th. Finally, Wedbush upped their target price on UWM from $7.00 to $8.50 and gave the company a "neutral" rating in a report on Wednesday, August 7th.
Check Out Our Latest Stock Report on UWMC
Insider Transactions at UWM
In other news, CEO Ishbia Mat sold 1,200,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $8.45, for a total transaction of $10,140,000.00. Following the completion of the transaction, the chief executive officer now directly owns 171,520 shares in the company, valued at $1,449,344. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 94.11% of the company's stock.
Institutional Investors Weigh In On UWM
A number of institutional investors have recently added to or reduced their stakes in UWMC. ORG Partners LLC acquired a new stake in UWM in the first quarter worth approximately $29,000. Atlas Capital Advisors LLC lifted its position in shares of UWM by 190.5% during the 1st quarter. Atlas Capital Advisors LLC now owns 5,046 shares of the company's stock valued at $37,000 after acquiring an additional 3,309 shares during the last quarter. CWM LLC lifted its position in shares of UWM by 96.4% during the 2nd quarter. CWM LLC now owns 6,471 shares of the company's stock valued at $45,000 after acquiring an additional 3,177 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of UWM during the 2nd quarter valued at $52,000. Finally, SageView Advisory Group LLC acquired a new stake in shares of UWM during the 1st quarter valued at $55,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.
UWM Stock Down 3.0 %
Shares of NYSE UWMC traded down $0.24 during midday trading on Thursday, reaching $7.83. 2,426,562 shares of the company's stock were exchanged, compared to its average volume of 1,715,107. UWM has a 52-week low of $4.49 and a 52-week high of $9.74. The stock has a market capitalization of $748.38 million, a PE ratio of 268.83 and a beta of 1.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.48 and a current ratio of 1.48. The business's fifty day moving average price is $8.78 and its two-hundred day moving average price is $7.64.
UWM (NYSE:UWMC - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). The firm had revenue of $507.09 million during the quarter, compared to analyst estimates of $540.31 million. During the same quarter last year, the firm posted $0.11 earnings per share. Analysts forecast that UWM will post 0.27 EPS for the current year.
UWM Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.40 annualized dividend and a dividend yield of 5.11%. UWM's dividend payout ratio is presently 1,333.33%.
UWM Company Profile
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Get Free ReportUWM 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.
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