UWM Holdings Co. (NYSE:UWMC) Stock Holdings Reduced by Invesco Ltd.

Invesco Ltd. cut its position in shares of UWM Holdings Co. (NYSE:UWMC) by 82.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,584 shares of the company’s stock after selling 499,240 shares during the period. Invesco Ltd.’s holdings in UWM were worth $643,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in UWM by 37.6% during the fourth quarter. Vanguard Group Inc. now owns 11,764,910 shares of the company’s stock valued at $69,060,000 after acquiring an additional 3,212,081 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of UWM during the 3rd quarter worth $3,833,000. EMG Holdings L.P. bought a new position in shares of UWM during the 4th quarter valued at $2,597,000. Trexquant Investment LP acquired a new stake in shares of UWM in the 4th quarter valued at $2,450,000. Finally, Bryce Point Capital LLC bought a new stake in UWM in the fourth quarter worth $1,251,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.

UWM Stock Performance

Shares of NYSE UWMC opened at $4.90 on Friday. UWM Holdings Co. has a 12 month low of $4.15 and a 12 month high of $9.74. 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 $7.83 billion, a P/E ratio of -21.30 and a beta of 1.64. The business’s 50 day moving average is $5.35 and its two-hundred day moving average is $5.91.

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

UWM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 8.16%. The ex-dividend date of this dividend was Thursday, March 20th. UWM’s payout ratio is presently 500.00%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UWMC. Keefe, Bruyette & Woods upgraded UWM from a “market perform” rating to an “outperform” rating and raised their target price for the company from $6.50 to $7.50 in a report on Monday, March 3rd. UBS Group raised UWM from a “sell” rating to a “neutral” rating and cut their price objective for the company from $4.75 to $4.50 in a research note on Wednesday, April 16th. Finally, Wedbush reaffirmed a “neutral” rating and set a $6.50 target price on shares of UWM in a research report on Monday, March 3rd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, UWM has a consensus 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.