UWM (NYSE:UWMC) Raised to “Market Perform” at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of UWM (NYSE:UWMC) from an underperform rating to a market perform rating in a research report released on Tuesday morning, MarketBeat Ratings reports. They currently have $6.00 target price on the stock.

Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of UWM in a research note on Wednesday, January 10th. They set a hold rating and a $6.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $5.59.

UWM Stock Performance

Shares of UWMC stock opened at $6.77 on Tuesday. The business has a fifty day moving average of $6.79 and a 200 day moving average of $6.17. UWM has a 1 year low of $4.49 and a 1 year high of $7.75. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market capitalization of $639.83 million, a price-to-earnings ratio of -35.63 and a beta of 1.60.

UWM (NYSE:UWMC) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.26). UWM had a return on equity of 2.45% and a net margin of 0.79%. The firm had revenue of ($114.58) million during the quarter, compared to analysts’ expectations of $402.14 million. As a group, research analysts expect that UWM will post 0.3 earnings per share for the current year.

UWM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Wednesday, March 20th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date of this dividend is Tuesday, March 19th. UWM’s dividend payout ratio (DPR) is presently -210.53%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. raised its stake in shares of UWM by 22.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 20,309 shares of the company’s stock worth $93,000 after buying an additional 3,695 shares during the period. Swiss National Bank raised its position in UWM by 6.9% during the first quarter. Swiss National Bank now owns 225,500 shares of the company’s stock worth $1,022,000 after acquiring an additional 14,600 shares during the period. Bank of New York Mellon Corp lifted its holdings in UWM by 2.5% during the first quarter. Bank of New York Mellon Corp now owns 789,891 shares of the company’s stock valued at $3,579,000 after purchasing an additional 19,173 shares in the last quarter. Cetera Advisor Networks LLC grew its position in shares of UWM by 46.8% in the first quarter. Cetera Advisor Networks LLC now owns 74,541 shares of the company’s stock valued at $338,000 after purchasing an additional 23,779 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of UWM by 28.1% during the first quarter. Rhumbline Advisers now owns 80,937 shares of the company’s stock worth $367,000 after purchasing an additional 17,761 shares in the last quarter. 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.