UWM Holdings Co. (NYSE:UWMC - Get Free Report)'s stock price shot up 6.6% during trading on Wednesday . The company traded as high as $5.55 and last traded at $5.71. 439,191 shares were traded during trading, a decline of 83% from the average session volume of 2,626,200 shares. The stock had previously closed at $5.35.
Analysts Set New Price Targets
UWMC has been the topic of several research analyst reports. Keefe, Bruyette & Woods upgraded UWM from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $6.50 to $7.50 in a report on Monday, March 3rd. Morgan Stanley reduced their price target on shares of UWM from $7.50 to $6.50 and set an "equal weight" rating on the stock in a research report on Thursday, December 19th. Finally, Wedbush restated a "neutral" rating and issued a $6.50 price objective on shares of UWM in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, UWM currently has an average rating of "Hold" and an average price target of $7.25.
View Our Latest Stock Analysis on UWM
UWM Stock Down 0.7 %
The firm has a market cap of $8.83 billion, a PE ratio of -24.01 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 has a 50 day moving average price of $6.10 and a 200-day moving average price of $6.43.
UWM (NYSE:UWMC - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). The company had revenue of $560.21 million for the quarter, compared to analysts' expectations of $645.75 million. Research analysts forecast that UWM Holdings Co. will post 0.2 EPS for the current fiscal year.
UWM Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.24%. UWM's payout ratio is currently 500.00%.
Institutional Trading of UWM
Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings 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 valued at $69,060,000 after acquiring an additional 3,212,081 shares during the last quarter. FMR LLC increased its stake in UWM by 24.5% in the third quarter. FMR LLC now owns 10,218,728 shares of the company's stock valued at $87,064,000 after purchasing an additional 2,010,985 shares during the last quarter. First Trust Advisors LP raised its holdings in UWM by 886.9% during the fourth quarter. First Trust Advisors LP now owns 3,727,477 shares of the company's stock worth $21,880,000 after purchasing an additional 3,349,779 shares in the last quarter. State Street Corp raised its holdings in UWM by 5.0% during the third quarter. State Street Corp now owns 1,592,084 shares of the company's stock worth $13,723,000 after purchasing an additional 76,221 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of UWM by 2.7% during the 3rd 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 last quarter. 53.59% of the stock is currently owned by institutional investors and hedge funds.
UWM Company Profile
(
Get Free Report)
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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