UWM (NYSE:UWMC) Upgraded at UBS Group

UBS Group upgraded shares of UWM (NYSE:UWMC - Free Report) from a sell rating to a neutral rating in a research note released on Wednesday, MarketBeat Ratings reports. They currently have $4.50 price target on the stock, down from their prior price target of $4.75.

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods upgraded UWM from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $6.50 to $7.50 in a research report on Monday, March 3rd. Morgan Stanley reduced their target price on shares of UWM from $7.50 to $6.50 and set an "equal weight" rating on the stock in a report on Thursday, December 19th. Finally, Wedbush restated a "neutral" rating and set a $6.50 price target on shares of UWM in a research report on Monday, March 3rd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $7.21.

UWM Price Performance

Shares of UWMC traded down $0.12 during midday trading on Wednesday, hitting $4.41. 1,299,816 shares of the company traded hands, compared to its average volume of 2,878,874. UWM has a one year low of $4.15 and a one year high of $9.74. The firm has a market cap of $7.05 billion, a P/E ratio of -19.17 and a beta of 1.64. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a 50-day moving average of $5.72 and a 200-day moving average of $6.09.

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

UWM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 9.07%. The ex-dividend date was Thursday, March 20th. UWM's dividend payout ratio (DPR) is currently 500.00%.

Institutional Trading of UWM

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of UWM by 37.6% in the 4th quarter. Vanguard Group Inc. now owns 11,764,910 shares of the company's stock worth $69,060,000 after purchasing an additional 3,212,081 shares during the period. Geode Capital Management LLC lifted its holdings in UWM by 2.7% in the third quarter. Geode Capital Management LLC now owns 1,546,818 shares of the company's stock worth $13,183,000 after buying an additional 41,206 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of UWM during the 4th quarter worth approximately $121,000. Tidal Investments LLC purchased a new position in shares of UWM in the 3rd quarter valued at approximately $3,833,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of UWM during the fourth quarter valued at approximately $77,000. Institutional investors own 53.59% of the company's stock.

UWM Company 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.