UWM (NYSE:UWMC) Rating Increased to Outperform at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of UWM (NYSE:UWMC) from a market perform rating to an outperform rating in a report published on Monday, MarketBeat Ratings reports. They currently have $7.50 price target on the stock, up from their prior price target of $6.50.

Several other equities research analysts also recently commented on UWMC. Morgan Stanley dropped their target price on UWM from $7.50 to $6.50 and set an “equal weight” rating on the stock in a report on Thursday, December 19th. The Goldman Sachs Group dropped their target price on UWM from $8.50 to $7.50 and set a “neutral” rating on the stock in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $7.25.

UWM Trading Up 4.8 %

UWM stock opened at $6.58 on Monday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06. The business’s fifty day simple moving average is $6.09 and its two-hundred day simple moving average is $6.94. UWM has a 12 month low of $5.31 and a 12 month high of $9.74. The company has a market capitalization of $10.52 billion, a price-to-earnings ratio of -28.61 and a beta of 1.66.

UWM (NYSE:UWMC) last released its earnings results on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). The business had revenue of $560.21 million during the quarter, compared to analyst estimates of $645.75 million. As a group, equities analysts predict that UWM will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend is Thursday, March 20th. UWM’s dividend payout ratio is currently 500.00%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Townsquare Capital LLC purchased a new stake in UWM during the fourth quarter valued at $72,000. Sanctuary Advisors LLC purchased a new stake in UWM during the fourth quarter valued at $77,000. HB Wealth Management LLC increased its position in UWM by 23.0% during the fourth quarter. HB Wealth Management LLC now owns 14,053 shares of the company’s stock valued at $82,000 after acquiring an additional 2,631 shares during the last quarter. Sei Investments Co. purchased a new stake in UWM during the fourth quarter valued at $82,000. Finally, Orion Portfolio Solutions LLC purchased a new stake in UWM during the third quarter valued at $85,000. Hedge funds and other 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.