Vanguard Group Inc. Has $42.89 Million Stock Holdings in UWM Holdings Co. (NYSE:UWMC)

Vanguard Group Inc. lifted its holdings in UWM Holdings Co. (NYSE:UWMC) by 0.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,842,460 shares of the company’s stock after buying an additional 28,071 shares during the period. Vanguard Group Inc. owned about 0.09% of UWM worth $42,886,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Advisor Group Holdings Inc. boosted its position in UWM by 22.2% during the first quarter. Advisor Group Holdings Inc. now owns 20,309 shares of the company’s stock valued at $93,000 after purchasing an additional 3,695 shares during the last quarter. Swiss National Bank boosted its position in UWM by 6.9% during the first quarter. Swiss National Bank now owns 225,500 shares of the company’s stock valued at $1,022,000 after purchasing an additional 14,600 shares during the last quarter. Bank of New York Mellon Corp boosted its position 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 during the last quarter. Cetera Advisor Networks LLC boosted its position in UWM by 46.8% during 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 last quarter. Finally, Rhumbline Advisers boosted its position in UWM by 28.1% during the first quarter. Rhumbline Advisers now owns 80,937 shares of the company’s stock valued at $367,000 after purchasing an additional 17,761 shares during the last quarter. Institutional investors and hedge funds own 53.59% of the company’s stock.

UWM Price Performance

Shares of NYSE:UWMC opened at $6.77 on Wednesday. UWM Holdings Co. has a fifty-two week low of $4.49 and a fifty-two week high of $7.75. The business has a 50-day moving average of $6.79 and a two-hundred day moving average of $6.17. The stock has a market capitalization of $639.83 million, a P/E ratio of -35.63 and a beta of 1.60. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.86 and a quick ratio of 1.86.

UWM (NYSE:UWMC) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.26). UWM had a return on equity of 2.45% and a net margin of 0.79%. The company had revenue of ($114.58) million during the quarter, compared to analyst estimates of $402.14 million. On average, equities research analysts predict that UWM Holdings Co. will post 0.3 EPS for the current fiscal year.

UWM Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UWMC. Deutsche Bank Aktiengesellschaft began coverage on UWM in a research report on Wednesday, January 10th. They set a “hold” rating and a $6.00 price objective for the company. Keefe, Bruyette & Woods raised UWM from an “underperform” rating to a “market perform” rating and set a $6.00 price target for the company in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $5.59.

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.