Commonwealth Equity Services LLC Has $123,000 Stock Position in UWM Holdings Co. (NYSE:UWMC)

Commonwealth Equity Services LLC cut its holdings in UWM Holdings Co. (NYSE:UWMC) by 22.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,035 shares of the company’s stock after selling 5,918 shares during the quarter. Commonwealth Equity Services LLC’s holdings in UWM were worth $123,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UWMC. Orion Portfolio Solutions LLC bought a new position in shares of UWM in the third quarter worth about $85,000. Sanctuary Advisors LLC bought a new position in UWM in the 4th quarter valued at approximately $77,000. Quantinno Capital Management LP bought a new position in UWM in the 3rd quarter valued at approximately $106,000. HB Wealth Management LLC boosted its position in UWM by 23.0% in the fourth quarter. HB Wealth Management LLC now owns 14,053 shares of the company’s stock valued at $82,000 after buying an additional 2,631 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of UWM by 20.7% during the fourth quarter. Victory Capital Management Inc. now owns 20,330 shares of the company’s stock worth $119,000 after buying an additional 3,488 shares during the last quarter. Institutional investors own 53.59% of the company’s stock.

Analyst Ratings Changes

UWMC has been the subject of a number of research reports. Wedbush reiterated a “neutral” rating and issued a $6.50 price target on shares of UWM in a research note on Monday, March 3rd. Morgan Stanley dropped their target price on UWM from $7.50 to $6.50 and set an “equal weight” rating for the company in a research report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods upgraded UWM from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $6.50 to $7.50 in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $7.25.

UWM Stock Down 7.1 %

Shares of UWMC opened at $4.38 on Friday. The stock’s 50-day moving average price is $5.92 and its two-hundred day moving average price is $6.26. UWM Holdings Co. has a 12 month low of $4.23 and a 12 month high of $9.74. The company has a market capitalization of $6.99 billion, a PE ratio of -19.02 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.

UWM (NYSE:UWMC) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The company had revenue of $560.21 million during the quarter, compared to the consensus estimate of $645.75 million. On average, analysts anticipate that UWM Holdings Co. will post 0.2 EPS for the current year.

UWM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 9.14%. The ex-dividend date of this dividend was Thursday, March 20th. UWM’s dividend payout ratio (DPR) is presently 500.00%.

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.