UWM Holdings Co. (NYSE:UWMC) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in UWM Holdings Co. (NYSE:UWMC - Free Report) by 37.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,764,910 shares of the company's stock after acquiring an additional 3,212,081 shares during the quarter. Vanguard Group Inc. owned 0.74% of UWM worth $69,060,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. State Street Corp increased its holdings in shares of UWM by 5.0% in the third quarter. State Street Corp now owns 1,592,084 shares of the company's stock valued at $13,723,000 after purchasing an additional 76,221 shares during the period. Geode Capital Management LLC boosted its stake 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 acquiring an additional 41,206 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of UWM by 15.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,087,978 shares of the company's stock valued at $6,386,000 after purchasing an additional 147,459 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in UWM by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 580,547 shares of the company's stock worth $3,408,000 after purchasing an additional 6,257 shares in the last quarter. Finally, Tidal Investments LLC acquired a new stake in UWM in the third quarter valued at approximately $3,833,000. Institutional investors and hedge funds own 53.59% of the company's stock.

UWM Stock Down 1.4 %

UWM stock traded down $0.07 during mid-day trading on Wednesday, reaching $4.53. 294,294 shares of the company's stock were exchanged, compared to its average volume of 2,844,496. UWM Holdings Co. has a twelve month low of $4.15 and a twelve month high of $9.74. The company has a fifty day moving average of $5.82 and a 200-day moving average of $6.18. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06. The company has a market cap of $7.23 billion, a P/E ratio of -19.67 and a beta of 1.64.

UWM (NYSE:UWMC - Get Free Report) last issued its quarterly 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 business had revenue of $560.21 million during the quarter, compared to the consensus estimate of $645.75 million. Sell-side analysts expect that UWM Holdings Co. will post 0.2 EPS for the current year.

UWM Announces Dividend

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

Analyst Upgrades and Downgrades

UWMC has been the topic of several recent analyst reports. Morgan Stanley decreased their price objective 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. UBS Group raised UWM from a "sell" rating to a "neutral" rating and lowered their price target for the stock from $4.75 to $4.50 in a research note on Wednesday. Keefe, Bruyette & Woods upgraded UWM from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $6.50 to $7.50 in a report on Monday, March 3rd. Finally, Wedbush reaffirmed a "neutral" rating and set a $6.50 target price on shares of UWM in a report on Monday, March 3rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $7.21.

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.