UWM Holdings Co. (NYSE:UWMC) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in UWM Holdings Co. (NYSE:UWMC - Free Report) by 92.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,301 shares of the company's stock after selling 220,529 shares during the period. SG Americas Securities LLC's holdings in UWM were worth $164,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of UWMC. Renaissance Technologies LLC increased its holdings in shares of 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. Bank of New York Mellon Corp boosted its holdings in shares of UWM by 4.3% during the second quarter. Bank of New York Mellon Corp now owns 908,159 shares of the company's stock worth $6,294,000 after purchasing an additional 37,190 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of UWM by 24.5% during the second quarter. Squarepoint Ops LLC now owns 342,322 shares of the company's stock worth $2,372,000 after purchasing an additional 67,383 shares during the period. AQR Capital Management LLC lifted its holdings in UWM by 203.7% in 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 period. Finally, Susquehanna Fundamental Investments LLC increased its stake in shares of UWM by 334.5% during the second quarter. Susquehanna Fundamental Investments LLC now owns 224,681 shares of the company's stock valued at $1,557,000 after purchasing an additional 172,969 shares in the last quarter. Hedge funds and other institutional investors own 53.59% of the company's stock.

Insider Buying and Selling at UWM

In other news, CEO Ishbia Mat sold 5,000,000 shares of the company's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $9.11, for a total value of $45,550,000.00. Following the completion of the sale, the chief executive officer now owns 171,520 shares of the company's stock, valued at approximately $1,562,547.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 94.11% of the stock is owned by corporate insiders.

UWM Price Performance

Shares of UWM stock traded down $0.06 during trading hours on Friday, reaching $6.63. The company's stock had a trading volume of 3,339,997 shares, compared to its average volume of 1,840,253. The firm has a 50 day moving average price of $8.39 and a 200-day moving average price of $7.67. UWM Holdings Co. has a one year low of $4.77 and a one year high of $9.74. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market cap of $633.68 million, a P/E ratio of 223.00 and a beta of 1.63.

UWM (NYSE:UWMC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The company had revenue of $507.09 million for the quarter, compared to the consensus estimate of $540.31 million. During the same quarter last year, the firm earned $0.11 EPS. On average, analysts predict that UWM Holdings Co. will post 0.26 EPS for the current year.

UWM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 19th were given a $0.10 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.40 annualized dividend and a yield of 6.03%. UWM's dividend payout ratio (DPR) is 1,333.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on UWMC. Keefe, Bruyette & Woods raised their price target on shares of UWM from $7.00 to $8.00 and gave the company a "market perform" rating in a research report on Wednesday, August 7th. Barclays upgraded shares of UWM from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $6.00 to $8.00 in a research note on Tuesday, October 8th. BTIG Research lifted their price target on shares of UWM from $8.00 to $10.00 and gave the stock a "buy" rating in a research note on Tuesday, August 6th. The Goldman Sachs Group lifted their target price on shares of UWM from $7.50 to $8.50 and gave the company a "neutral" rating in a research note on Thursday, August 8th. Finally, Wedbush lifted their price target on shares of UWM from $7.00 to $8.50 and gave the company a "neutral" rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, UWM has an average rating of "Hold" and a consensus price target of $7.68.

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.