UWM Holdings Co. (NYSE:UWMC) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. increased its stake in UWM Holdings Co. (NYSE:UWMC) by 64.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,943 shares of the company’s stock after acquiring an additional 21,948 shares during the period. Blue Trust Inc.’s holdings in UWM were worth $328,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UWMC. Inspire Investing LLC lifted its position in UWM by 366.1% during the third quarter. Inspire Investing LLC now owns 179,298 shares of the company’s stock valued at $1,528,000 after buying an additional 140,830 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in UWM by 56.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 415,656 shares of the company’s stock valued at $3,541,000 after buying an additional 149,216 shares in the last quarter. Carrera Capital Advisors acquired a new position in UWM during the third quarter valued at approximately $1,727,000. Point72 Asset Management L.P. purchased a new stake in shares of UWM during the third quarter valued at approximately $1,065,000. Finally, Geode Capital Management LLC raised its stake in shares of UWM by 2.7% during the third quarter. Geode Capital Management LLC now owns 1,546,818 shares of the company’s stock valued at $13,183,000 after purchasing an additional 41,206 shares during the period. 53.59% of the stock is owned by institutional investors and hedge funds.

UWM Stock Down 4.8 %

Shares of NYSE:UWMC opened at $6.05 on Friday. 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 company has a fifty day simple moving average of $6.05 and a 200 day simple moving average of $7.24. The firm has a market cap of $9.66 billion, a PE ratio of -26.28 and a beta of 1.66. UWM Holdings Co. has a 12-month low of $5.31 and a 12-month high of $9.74.

UWM (NYSE:UWMC) last released its earnings results on Thursday, November 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.07). The business had revenue of $526.43 million for the quarter, compared to analysts’ expectations of $517.02 million. During the same period last year, the firm posted $0.29 EPS. On average, equities research analysts anticipate that UWM Holdings Co. will post 0.2 EPS for the current fiscal year.

UWM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 19th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, December 19th. This represents a $0.40 annualized dividend and a yield of 6.62%. UWM’s payout ratio is -173.91%.

Wall Street Analysts Forecast Growth

UWMC has been the topic of a number of analyst reports. The Goldman Sachs Group dropped their price objective 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. Barclays upgraded shares of UWM from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $6.00 to $8.00 in a research note 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 on the stock in a research note on Friday, January 3rd. Finally, Morgan Stanley dropped their price objective on shares of UWM from $7.50 to $6.50 and set an “equal weight” rating on the stock in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, UWM presently has an average rating of “Hold” and a consensus target price 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.