UWM Holdings Co. (NYSE:UWMC) Receives Consensus Rating of “Hold” from Brokerages

Shares of UWM Holdings Co. (NYSE:UWMC) have been assigned an average rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $6.86.

Several brokerages have recently issued reports on UWMC. The Goldman Sachs Group reduced their price objective 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 reduced their price target for the stock from $4.75 to $4.50 in a research report on Wednesday, April 16th. Wedbush reissued a “neutral” rating and set a $6.50 price target on shares of UWM in a report on Monday, March 3rd. Finally, Keefe, Bruyette & Woods cut their price objective on shares of UWM from $7.50 to $6.50 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th.

UWM Stock Performance

UWMC stock opened at $4.25 on Tuesday. UWM has a 1 year low of $3.89 and a 1 year high of $9.74. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of -18.48 and a beta of 1.70. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40. The stock’s fifty day moving average is $4.41 and its two-hundred day moving average is $5.50.

UWM (NYSE:UWMC) last issued its quarterly earnings data 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 company had revenue of $613.37 million for the quarter, compared to analysts’ expectations of $558.80 million. On average, research analysts predict that UWM will post 0.2 EPS for the current year.

UWM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.40 annualized dividend and a dividend yield of 9.41%. UWM’s dividend payout ratio (DPR) is -307.69%.

Institutional Trading of UWM

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of UWM by 101.8% in the first quarter. GAMMA Investing LLC now owns 5,863 shares of the company’s stock worth $32,000 after acquiring an additional 2,958 shares in the last quarter. Signaturefd LLC boosted its stake in UWM by 135.4% in the 1st quarter. Signaturefd LLC now owns 8,159 shares of the company’s stock worth $45,000 after purchasing an additional 4,693 shares during the period. Quarry LP purchased a new position in UWM during the 1st quarter worth approximately $53,000. Focus Partners Wealth acquired a new stake in UWM during the 1st quarter valued at $55,000. Finally, Independent Advisor Alliance purchased a new stake in shares of UWM in the first quarter valued at $58,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

About UWM

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.