Mercer Global Advisors Inc. ADV Purchases 6,181 Shares of UWM Holdings Co. (NYSE:UWMC)

Mercer Global Advisors Inc. ADV boosted its position in UWM Holdings Co. (NYSE:UWMC) by 25.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,014 shares of the company’s stock after acquiring an additional 6,181 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in UWM were worth $176,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of UWM by 37.6% during the 4th quarter. Vanguard Group Inc. now owns 11,764,910 shares of the company’s stock worth $69,060,000 after buying an additional 3,212,081 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of UWM during the 4th quarter worth about $121,000. Wells Fargo & Company MN grew its position in shares of UWM by 9.9% during the 4th quarter. Wells Fargo & Company MN now owns 64,970 shares of the company’s stock worth $381,000 after buying an additional 5,849 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of UWM during the 4th quarter worth about $77,000. Finally, Bleakley Financial Group LLC grew its position in shares of UWM by 37.0% during the 4th quarter. Bleakley Financial Group LLC now owns 39,723 shares of the company’s stock worth $233,000 after buying an additional 10,734 shares during the period. Institutional investors own 53.59% of the company’s stock.

UWM Stock Up 4.2%

NYSE:UWMC opened at $4.32 on Friday. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of -18.76 and a beta of 1.75. UWM Holdings Co. has a twelve month low of $4.00 and a twelve month high of $9.74. The stock’s 50 day moving average price is $4.94 and its two-hundred day moving average price is $5.72. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06.

UWM (NYSE:UWMC) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.29). The business had revenue of $613.37 million during the quarter, compared to analysts’ expectations of $558.80 million. Equities research analysts expect that UWM Holdings Co. will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 9.27%. The ex-dividend date of this dividend is Wednesday, June 18th. UWM’s dividend payout ratio (DPR) is -307.69%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on UWMC shares. The Goldman Sachs Group decreased their target price on UWM from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. UBS Group upgraded 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 report on Wednesday, April 16th. Wedbush reiterated a “neutral” rating and set a $6.50 price objective on shares of UWM in a report on Monday, March 3rd. Finally, Keefe, Bruyette & Woods cut their price objective on UWM from $7.50 to $6.50 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.86.

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.