UWM Holdings Co. (NYSE:UWMC) Receives Consensus Rating of "Hold" from Brokerages

Shares of UWM Holdings Co. (NYSE:UWMC - Get Free Report) have earned an average recommendation of "Hold" from the seven research firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $7.21.

Several brokerages recently issued reports on UWMC. Keefe, Bruyette & Woods upgraded shares of UWM from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $6.50 to $7.50 in a research report on Monday, March 3rd. UBS Group raised shares of UWM from a "sell" rating to a "neutral" rating and cut their price objective for the company from $4.75 to $4.50 in a research report on Wednesday, April 16th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $6.50 target price on shares of UWM in a report on Monday, March 3rd.

UWM Trading Down 0.5 %

Shares of UWMC stock opened at $4.53 on Monday. The stock has a market capitalization of $7.23 billion, a P/E ratio of -19.67 and a beta of 1.64. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06. The firm's 50 day moving average is $5.72 and its 200 day moving average is $6.09. UWM has a 12-month low of $4.15 and a 12-month high of $9.74.

UWM (NYSE:UWMC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates 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. Research analysts expect that UWM will post 0.2 earnings per share for the current year.

UWM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 8.84%. The ex-dividend date of this dividend was Thursday, March 20th. UWM's dividend payout ratio is currently 500.00%.

Institutional Trading of UWM

Several institutional investors have recently made changes to their positions in UWMC. GAMMA Investing LLC boosted its stake in UWM by 101.8% in the 1st quarter. GAMMA Investing LLC now owns 5,863 shares of the company's stock worth $32,000 after purchasing an additional 2,958 shares during the period. Townsquare Capital LLC bought a new position in shares of UWM during the fourth quarter worth $72,000. Sanctuary Advisors LLC purchased a new position in UWM during the fourth quarter valued at $77,000. HB Wealth Management LLC increased its holdings in UWM by 23.0% in the 4th quarter. HB Wealth Management LLC now owns 14,053 shares of the company's stock valued at $82,000 after acquiring an additional 2,631 shares during the last quarter. Finally, Sei Investments Co. purchased a new stake in UWM in the 4th quarter worth $82,000. Hedge funds and other 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.

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