HB Wealth Management LLC Acquires 2,631 Shares of UWM Holdings Co. (NYSE:UWMC)

HB Wealth Management LLC lifted its holdings in shares of UWM Holdings Co. (NYSE:UWMC) by 23.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,053 shares of the company’s stock after purchasing an additional 2,631 shares during the quarter. HB Wealth Management LLC’s holdings in UWM were worth $82,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UWMC. Orion Portfolio Solutions LLC acquired a new stake in shares of UWM during the 3rd quarter worth approximately $85,000. Xponance Inc. bought a new stake in UWM during the second quarter worth $76,000. Intech Investment Management LLC acquired a new stake in shares of UWM in the 2nd quarter valued at $85,000. Quantinno Capital Management LP acquired a new stake in shares of UWM in the 3rd quarter valued at $106,000. Finally, CWM LLC increased its stake in shares of UWM by 120.1% in the 3rd quarter. CWM LLC now owns 14,243 shares of the company’s stock valued at $121,000 after purchasing an additional 7,772 shares during the last quarter. 53.59% of the stock is currently owned by institutional investors and hedge funds.

UWM Price Performance

NYSE:UWMC opened at $6.15 on Friday. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of -26.72 and a beta of 1.66. 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 has a fifty day moving average of $6.03 and a 200 day moving average of $7.29. UWM Holdings Co. has a 52-week low of $5.31 and a 52-week high of $9.74.

UWM (NYSE:UWMC) last announced its earnings results on Thursday, November 7th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). The company had revenue of $526.43 million for the quarter, compared to analyst estimates of $517.02 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. On average, research analysts expect that UWM Holdings Co. will post 0.2 EPS for the current fiscal year.

UWM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 19th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.51%. UWM’s dividend payout ratio (DPR) is currently -173.91%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UWMC shares. Morgan Stanley decreased their target price on UWM from $7.50 to $6.50 and set an “equal weight” rating on the stock in a research report on Thursday, December 19th. Barclays raised shares of UWM from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $6.00 to $8.00 in a report on Tuesday, October 8th. Keefe, Bruyette & Woods dropped their price objective on shares of UWM from $7.00 to $6.50 and set a “market perform” rating for the company in a research note on Friday, January 3rd. Finally, The Goldman Sachs Group decreased their target price on shares of UWM from $8.50 to $7.50 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $7.39.

UWM 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.