UWM Holdings Co. (NYSE:UWMC) Given Average Rating of “Hold” by Analysts

UWM Holdings Co. (NYSE:UWMC) has received a consensus rating of “Hold” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $7.41.

Several brokerages have weighed in on UWMC. UBS Group boosted their price objective on UWM from $4.50 to $4.75 and gave the company a “sell” rating in a research report on Thursday, September 5th. Morgan Stanley assumed coverage on shares of UWM in a report on Tuesday, November 5th. They set an “equal weight” rating and a $7.50 price target for the company. The Goldman Sachs Group cut their price target on shares of UWM from $8.50 to $7.50 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Barclays raised shares of UWM from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $6.00 to $8.00 in a research note on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods cut their target price 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in UWMC. CWM LLC lifted its position in UWM by 96.4% during the 2nd quarter. CWM LLC now owns 6,471 shares of the company’s stock valued at $45,000 after acquiring an additional 3,177 shares during the period. International Assets Investment Management LLC purchased a new position in shares of UWM during the second quarter valued at approximately $52,000. Xponance Inc. purchased a new position in shares of UWM during the second quarter valued at approximately $76,000. Intech Investment Management LLC bought a new stake in shares of UWM in the 2nd quarter worth approximately $85,000. Finally, Orion Portfolio Solutions LLC purchased a new stake in shares of UWM in the 3rd quarter worth approximately $85,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.

UWM Stock Down 0.7 %

UWMC opened at $5.98 on Tuesday. The company has a market cap of $9.55 billion, a P/E ratio of -25.98 and a beta of 1.65. UWM has a 12 month low of $5.67 and a 12 month high of $9.74. The business’s 50-day moving average price is $6.52 and its 200-day moving average price is $7.56. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06.

UWM Announces Dividend

The business also recently declared 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. This represents a $0.40 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date is Thursday, December 19th. 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.