UWM Holdings Corporation $UWMC Shares Purchased by Creative Planning

Creative Planning raised its position in shares of UWM Holdings Corporation (NYSE:UWMC) by 300.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,816 shares of the company’s stock after buying an additional 101,883 shares during the period. Creative Planning’s holdings in UWM were worth $562,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC boosted its holdings in UWM by 1,144.7% during the 1st quarter. AQR Capital Management LLC now owns 2,496,805 shares of the company’s stock valued at $13,633,000 after acquiring an additional 2,296,205 shares during the period. Geode Capital Management LLC lifted its position in shares of UWM by 47.5% during the second quarter. Geode Capital Management LLC now owns 2,414,282 shares of the company’s stock worth $9,997,000 after purchasing an additional 777,264 shares in the last quarter. AGF Management Ltd. purchased a new position in shares of UWM in the second quarter valued at approximately $3,072,000. Cubist Systematic Strategies LLC grew its holdings in shares of UWM by 81.5% in the first quarter. Cubist Systematic Strategies LLC now owns 979,578 shares of the company’s stock valued at $5,348,000 after purchasing an additional 439,928 shares in the last quarter. Finally, Nishkama Capital LLC purchased a new stake in UWM during the 1st quarter worth approximately $2,042,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Insider Activity

In other news, CEO Ishbia Mat sold 612,287 shares of UWM stock in a transaction on Monday, December 1st. The shares were sold at an average price of $5.80, for a total value of $3,551,264.60. Following the transaction, the chief executive officer directly owned 9,241,556 shares of the company’s stock, valued at $53,601,024.80. The trade was a 6.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 21,348,811 shares of company stock worth $123,446,643 in the last 90 days. Company insiders own 87.50% of the company’s stock.

UWM Stock Up 1.9%

Shares of UWMC opened at $5.78 on Friday. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.45 and a quick ratio of 1.45. UWM Holdings Corporation has a 1-year low of $3.80 and a 1-year high of $7.14. The firm has a fifty day moving average price of $5.56 and a 200 day moving average price of $5.10.

UWM (NYSE:UWMC) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). UWM had a negative return on equity of 6.81% and a net margin of 0.61%.The firm had revenue of $151.14 million for the quarter, compared to analysts’ expectations of $651.51 million. Research analysts anticipate that UWM Holdings Corporation will post 0.2 EPS for the current fiscal year.

UWM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Thursday, December 18th.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Zacks Research raised shares of UWM from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of UWM in a report on Wednesday, October 8th. Morgan Stanley downgraded UWM from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $4.50 to $6.50 in a report on Monday, September 29th. BTIG Research reaffirmed a “buy” rating and issued a $10.00 price target on shares of UWM in a research report on Monday, September 22nd. Finally, Barclays boosted their price objective on UWM from $6.00 to $7.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, UWM currently has a consensus rating of “Hold” and a consensus target price of $6.54.

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.