UWM (NYSE:UWMC) Given a $4.00 Price Target by UBS Group Analysts

UBS Group set a $4.00 price target on UWM (NYSE:UWMCGet Rating) in a report published on Wednesday morning, Stock Target Advisor reports.

Other equities research analysts have also recently issued reports about the stock. Barclays cut their price objective on shares of UWM from $4.00 to $2.50 and set an equal weight rating on the stock in a research report on Monday, October 17th. The Goldman Sachs Group cut their price objective on shares of UWM from $3.50 to $3.00 and set a neutral rating on the stock in a research report on Tuesday, October 4th. Credit Suisse Group cut shares of UWM from a neutral rating to an underperform rating and cut their price objective for the company from $3.75 to $3.50 in a research report on Tuesday, August 9th. Finally, Piper Sandler cut their price objective on shares of UWM from $3.00 to $2.50 and set an underweight rating on the stock in a research report on Friday, September 30th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $3.64.

UWM Trading Up 4.9 %

Shares of NYSE UWMC opened at $4.27 on Wednesday. The stock has a market cap of $395.30 million, a price-to-earnings ratio of 7.76 and a beta of 1.05. UWM has a twelve month low of $2.84 and a twelve month high of $7.16. The company’s fifty day moving average is $3.45 and its 200-day moving average is $3.65. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.60.

UWM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 10th. Stockholders of record on Friday, December 9th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, December 8th. This represents a $0.40 annualized dividend and a dividend yield of 9.37%. UWM’s dividend payout ratio is presently 72.73%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UWMC. Point72 Hong Kong Ltd acquired a new position in shares of UWM during the 2nd quarter worth about $26,000. Captrust Financial Advisors grew its stake in UWM by 220.9% in the 2nd quarter. Captrust Financial Advisors now owns 9,589 shares of the company’s stock valued at $34,000 after buying an additional 6,601 shares during the last quarter. First Republic Investment Management Inc. acquired a new position in UWM in the 2nd quarter valued at about $35,000. MQS Management LLC acquired a new position in UWM in the 2nd quarter valued at about $36,000. Finally, Xponance Inc. acquired a new position in UWM in the 2nd quarter valued at about $40,000. 38.63% of the stock is currently owned by institutional investors and hedge funds.

UWM Company Profile

(Get Rating)

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates 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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Analyst Recommendations for UWM (NYSE:UWMC)

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