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

UWM Holdings Co. (NYSE:UWMC) has received an average rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $7.25.

Several research analysts have recently weighed in on UWMC shares. The Goldman Sachs Group decreased their price target on UWM from $8.50 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Wedbush restated a “neutral” rating and issued a $6.50 price target on shares of UWM in a research note on Monday. Keefe, Bruyette & Woods upgraded UWM from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $6.50 to $7.50 in a research note on Monday. Finally, Morgan Stanley decreased their price target 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.

Institutional Trading of UWM

Hedge funds have recently bought and sold shares of the company. First Trust Advisors LP grew its holdings in UWM by 886.9% during the fourth quarter. First Trust Advisors LP now owns 3,727,477 shares of the company’s stock valued at $21,880,000 after purchasing an additional 3,349,779 shares during the period. Vanguard Group Inc. grew its holdings in UWM by 37.6% during the fourth quarter. Vanguard Group Inc. now owns 11,764,910 shares of the company’s stock valued at $69,060,000 after purchasing an additional 3,212,081 shares during the period. Philadelphia Financial Management of San Francisco LLC bought a new stake in UWM during the third quarter valued at about $21,797,000. FMR LLC grew its holdings in UWM by 24.5% during the third quarter. FMR LLC now owns 10,218,728 shares of the company’s stock valued at $87,064,000 after purchasing an additional 2,010,985 shares during the period. Finally, Basswood Capital Management L.L.C. bought a new stake in UWM during the fourth quarter valued at about $6,602,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.

UWM Price Performance

Shares of NYSE UWMC opened at $6.23 on Friday. The firm has a market cap of $9.95 billion, a P/E ratio of -27.07 and a beta of 1.64. UWM has a twelve month low of $5.31 and a twelve month high of $9.74. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06. The company has a 50 day moving average of $6.12 and a 200 day moving average of $6.92.

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

UWM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date of this dividend is Thursday, March 20th. 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.