UWM Holdings Co. (NYSE:UWMC) Receives Consensus Recommendation of "Hold" from Analysts

Shares of UWM Holdings Co. (NYSE:UWMC - Get Free Report) have received an average rating of "Hold" from the seven analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $7.25.

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods upgraded UWM from a "market perform" rating to an "outperform" rating and upped their target price for the company from $6.50 to $7.50 in a research note on Monday. Wedbush restated a "neutral" rating and issued a $6.50 target price on shares of UWM in a research note on Monday. Morgan Stanley cut their target price on UWM from $7.50 to $6.50 and set an "equal weight" rating for the company in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group cut their target price on UWM from $8.50 to $7.50 and set a "neutral" rating for the company in a research note on Thursday, November 14th.

UWM Stock Performance

Shares of UWMC stock traded up $0.04 during trading hours on Friday, reaching $6.45. 3,531,757 shares of the company's stock were exchanged, compared to its average volume of 3,499,425. UWM has a fifty-two week low of $5.31 and a fifty-two week high of $9.74. The stock has a market capitalization of $10.30 billion, a P/E ratio of -28.02 and a beta of 1.66. The business has a fifty day moving average price of $6.12 and a 200-day moving average price of $6.92. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06.

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UWM (NYSE:UWMC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). The firm had revenue of $560.21 million during the quarter, compared to the consensus estimate of $645.75 million. Analysts predict that UWM will post 0.2 EPS for the current fiscal year.

UWM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, March 20th. This represents a $0.40 annualized dividend and a yield of 6.21%. UWM's dividend payout ratio is currently 500.00%.

Institutional Trading of UWM

Large investors have recently made changes to their positions in the business. Orion Portfolio Solutions LLC bought a new stake in shares of UWM during the third quarter worth $85,000. Sanctuary Advisors LLC bought a new stake in shares of UWM during the fourth quarter worth $77,000. Townsquare Capital LLC bought a new stake in shares of UWM during the fourth quarter worth $72,000. Quantinno Capital Management LP bought a new stake in shares of UWM during the third quarter worth $106,000. Finally, Sei Investments Co. bought a new stake in shares of UWM during the fourth quarter worth $82,000. 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.