UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.44 Million Holdings in UWM Holdings Co. (NYSE:UWMC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of UWM Holdings Co. (NYSE:UWMC) by 11.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 169,516 shares of the company’s stock after selling 22,716 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of UWM worth $1,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Squarepoint Ops LLC grew its position in UWM by 24.5% in the second quarter. Squarepoint Ops LLC now owns 342,322 shares of the company’s stock worth $2,372,000 after acquiring an additional 67,383 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in UWM by 13.2% in the second quarter. Renaissance Technologies LLC now owns 1,712,900 shares of the company’s stock worth $11,870,000 after purchasing an additional 199,900 shares in the last quarter. Inspire Investing LLC increased its position in UWM by 366.1% during the third quarter. Inspire Investing LLC now owns 179,298 shares of the company’s stock worth $1,528,000 after buying an additional 140,830 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in UWM by 56.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 415,656 shares of the company’s stock valued at $3,541,000 after buying an additional 149,216 shares in the last quarter. Finally, Carrera Capital Advisors acquired a new stake in shares of UWM in the third quarter worth about $1,727,000. Institutional investors own 53.59% of the company’s stock.

Wall Street Analyst Weigh In

UWMC has been the topic of several analyst reports. UBS Group increased their price target on UWM from $4.50 to $4.75 and gave the company a “sell” rating in a report on Thursday, September 5th. Morgan Stanley began coverage on shares of UWM in a report on Tuesday, November 5th. They issued an “equal weight” rating and a $7.50 target price on the stock. The Goldman Sachs Group decreased their price target on shares of UWM from $8.50 to $7.50 and set a “neutral” rating for the company in a report on Thursday, November 14th. Keefe, Bruyette & Woods dropped their price objective on UWM from $9.00 to $7.00 and set a “market perform” rating on the stock in a research note on Tuesday, December 10th. Finally, Barclays upgraded UWM from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $6.00 to $8.00 in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.41.

UWM Stock Down 0.7 %

Shares of UWMC stock opened at $5.98 on Tuesday. The stock has a market cap of $9.55 billion, a P/E ratio of -25.98 and a beta of 1.65. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a fifty day moving average price of $6.52 and a 200 day moving average price of $7.56. UWM Holdings Co. has a one year low of $5.67 and a one year high of $9.74.

UWM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 19th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $0.40 dividend on an annualized basis and a yield of 6.69%. UWM’s payout ratio is currently -173.91%.

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.