UWM Holdings Co. (NYSE:UWMC) Shares Bought by Barclays PLC

Barclays PLC lifted its stake in shares of UWM Holdings Co. (NYSE:UWMC) by 485.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,022 shares of the company’s stock after acquiring an additional 21,579 shares during the quarter. Barclays PLC’s holdings in UWM were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Xponance Inc. acquired a new stake in shares of UWM during the second quarter worth about $76,000. Intech Investment Management LLC purchased a new stake in UWM in the 2nd quarter worth approximately $85,000. Orion Portfolio Solutions LLC purchased a new stake in UWM in the 3rd quarter worth approximately $85,000. Frank Rimerman Advisors LLC acquired a new position in shares of UWM in the 2nd quarter valued at $93,000. Finally, LJI Wealth Management LLC acquired a new position in shares of UWM in the 2nd quarter valued at $105,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.

UWM Trading Down 0.9 %

Shares of UWMC opened at $5.72 on Tuesday. The stock has a fifty day moving average price of $6.12 and a two-hundred day moving average price of $7.39. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40. UWM Holdings Co. has a 52-week low of $5.44 and a 52-week high of $9.74. The company has a market cap of $9.14 billion, a price-to-earnings ratio of -24.87 and a beta of 1.66.

UWM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 19th will be given a $0.10 dividend. The ex-dividend date is Thursday, December 19th. This represents a $0.40 annualized dividend and a yield of 6.99%. UWM’s payout ratio is -173.91%.

Analyst Ratings Changes

Several brokerages have recently weighed in on UWMC. The Goldman Sachs Group lowered their target price on UWM from $8.50 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Barclays raised UWM from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $6.00 to $8.00 in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods lowered their price target on UWM from $7.00 to $6.50 and set a “market perform” rating on the stock in a report on Friday. Finally, Morgan Stanley decreased their target price on UWM from $7.50 to $6.50 and set an “equal weight” rating for the company in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $7.22.

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.