Shares of UWM Holdings Co. (NYSE:UWMC - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $7.68.
A number of analysts have issued reports on UWMC shares. Barclays upgraded shares of UWM from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $6.00 to $8.00 in a research note on Tuesday, October 8th. Wedbush upped their price objective on shares of UWM from $7.00 to $8.50 and gave the stock a "neutral" rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods raised their target price on UWM from $7.00 to $8.00 and gave the company a "market perform" rating in a report on Wednesday, August 7th. The Goldman Sachs Group upped their price target on UWM from $7.50 to $8.50 and gave the stock a "neutral" rating in a research note on Thursday, August 8th. Finally, UBS Group boosted their target price on UWM from $4.50 to $4.75 and gave the stock a "sell" rating in a report on Thursday, September 5th.
Check Out Our Latest Stock Report on UWMC
UWM Stock Performance
Shares of NYSE:UWMC remained flat at $6.63 during midday trading on Monday. The company had a trading volume of 2,634,649 shares, compared to its average volume of 1,844,091. The company has a market cap of $633.89 million, a P/E ratio of -331.50 and a beta of 1.63. UWM has a twelve month low of $4.81 and a twelve month high of $9.74. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.87. The stock's 50-day moving average is $8.29 and its two-hundred day moving average is $7.69.
UWM (NYSE:UWMC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period last year, the company posted $0.11 EPS. As a group, equities analysts anticipate that UWM will post 0.26 EPS for the current year.
UWM Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 19th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.40 annualized dividend and a yield of 6.03%. UWM's payout ratio is -2,000.00%.
Insider Buying and Selling at UWM
In related news, CEO Ishbia Mat sold 1,200,000 shares of the company's stock in a transaction on Monday, September 16th. The shares were 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 94.11% of the company's stock.
Hedge Funds Weigh In On UWM
Several institutional investors and hedge funds have recently added to or reduced their stakes in UWMC. SG Americas Securities LLC grew its position in UWM by 1,743.3% in the second quarter. SG Americas Securities LLC now owns 239,830 shares of the company's stock valued at $1,662,000 after acquiring an additional 226,819 shares during the period. Renaissance Technologies LLC increased its position in UWM by 13.2% in the second quarter. Renaissance Technologies LLC now owns 1,712,900 shares of the company's stock worth $11,870,000 after purchasing an additional 199,900 shares during the period. AQR Capital Management LLC raised its stake in shares of UWM by 203.7% during the second quarter. AQR Capital Management LLC now owns 258,883 shares of the company's stock worth $1,784,000 after buying an additional 173,652 shares during the last quarter. Susquehanna Fundamental Investments LLC lifted its holdings in UWM by 334.5% in the second quarter. Susquehanna Fundamental Investments LLC now owns 224,681 shares of the company's stock valued at $1,557,000 after buying an additional 172,969 shares during the period. Finally, Inspire Investing LLC boosted its stake in UWM by 366.1% in the third quarter. Inspire Investing LLC now owns 179,298 shares of the company's stock valued at $1,528,000 after acquiring an additional 140,830 shares during the last quarter. 53.59% of the stock is currently owned by institutional investors.
About UWM
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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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