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

UWM Holdings Co. (NYSE:UWMC) has earned an average rating of “Reduce” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $5.69.

Several equities analysts have commented on UWMC shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $7.00 price objective (up previously from $6.00) on shares of UWM in a research report on Friday, May 10th. Wedbush restated a “neutral” rating and issued a $7.00 target price on shares of UWM in a report on Friday, May 17th.

UWM Price Performance

UWMC stock opened at $7.05 on Tuesday. UWM has a 52 week low of $4.49 and a 52 week high of $7.78. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.90. The company has a fifty day simple moving average of $6.99 and a two-hundred day simple moving average of $6.82. The firm has a market capitalization of $673.36 million, a P/E ratio of 234.83 and a beta of 1.65.

UWM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 20th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, June 20th. This represents a $0.40 dividend on an annualized basis and a yield of 5.68%. UWM’s payout ratio is 1,333.33%.

Institutional Investors Weigh In On UWM

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UWMC. FMR LLC increased its position in UWM by 30.6% during the 3rd quarter. FMR LLC now owns 6,077,084 shares of the company’s stock valued at $29,474,000 after purchasing an additional 1,424,451 shares during the period. Azora Capital LP purchased a new position in UWM during the 4th quarter valued at about $6,705,000. Trexquant Investment LP purchased a new position in UWM during the 3rd quarter valued at about $545,000. Sherbrooke Park Advisers LLC purchased a new position in UWM during the 3rd quarter valued at about $400,000. Finally, Victory Capital Management Inc. increased its position in UWM by 4.0% during the 4th quarter. Victory Capital Management Inc. now owns 2,126,166 shares of the company’s stock valued at $15,202,000 after purchasing an additional 81,799 shares during the period. Institutional investors own 53.59% of the company’s stock.

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.