Private Advisor Group LLC Reduces Stock Position in UWM Holdings Co. (NYSE:UWMC)

Private Advisor Group LLC cut its holdings in shares of UWM Holdings Co. (NYSE:UWMC) by 38.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,848 shares of the company’s stock after selling 8,735 shares during the quarter. Private Advisor Group LLC’s holdings in UWM were worth $81,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in UWM during the 4th quarter valued at approximately $77,000. HB Wealth Management LLC raised its position in shares of UWM by 23.0% during the fourth quarter. HB Wealth Management LLC now owns 14,053 shares of the company’s stock worth $82,000 after purchasing an additional 2,631 shares during the period. Orion Portfolio Solutions LLC acquired a new stake in shares of UWM during the third quarter worth $85,000. Quantinno Capital Management LP acquired a new position in UWM during the third quarter valued at $106,000. Finally, Secure Asset Management LLC acquired a new position in UWM during the fourth quarter valued at $119,000. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on UWMC. Morgan Stanley dropped their price target 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. Keefe, Bruyette & Woods raised UWM from a “market perform” rating to an “outperform” rating and upped their price target for the company from $6.50 to $7.50 in a research report on Monday, March 3rd. The Goldman Sachs Group dropped their price target on UWM from $8.50 to $7.50 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Finally, Wedbush reissued a “neutral” rating and set a $6.50 price target on shares of UWM in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, UWM has a consensus rating of “Hold” and an average price target of $7.25.

UWM Stock Performance

Shares of NYSE UWMC opened at $6.40 on Friday. The business’s 50-day moving average price is $6.12 and its two-hundred day moving average price is $6.92. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40. UWM Holdings Co. has a one year low of $5.31 and a one year high of $9.74. The company has a market capitalization of $10.22 billion, a P/E ratio of -27.81 and a beta of 1.64.

UWM (NYSE:UWMC) last issued its earnings results on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The business had revenue of $560.21 million during the quarter, compared to analysts’ expectations of $645.75 million. Analysts anticipate that UWM Holdings Co. will post 0.2 earnings per share for the current fiscal year.

UWM Dividend Announcement

The business 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 dividend of $0.10 per share. The ex-dividend date is Thursday, March 20th. This represents a $0.40 annualized dividend and a dividend yield of 6.25%. UWM’s dividend payout ratio (DPR) is presently 500.00%.

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.