UWM Holdings Co. (NYSE:UWMC) Given Average Rating of “Hold” by Brokerages

UWM Holdings Co. (NYSE:UWMC) has earned an average recommendation of “Hold” from the ten analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $5.59.

Several research analysts have commented on the company. Keefe, Bruyette & Woods upgraded UWM from an “underperform” rating to a “market perform” rating and set a $6.00 price objective on the stock in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft assumed coverage on UWM in a report on Wednesday, January 10th. They set a “hold” rating and a $6.00 price objective on the stock.

UWM Stock Performance

UWMC opened at $6.11 on Thursday. The stock’s fifty day moving average is $6.71 and its two-hundred day moving average is $6.22. The company has a market capitalization of $576.97 million, a P/E ratio of -32.13 and a beta of 1.60. UWM has a 52 week low of $4.49 and a 52 week high of $7.75. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.12.

UWM (NYSE:UWMC) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.26). The firm had revenue of ($114.58) million for the quarter, compared to analysts’ expectations of $402.14 million. UWM had a return on equity of 2.45% and a net margin of 0.79%. Analysts forecast that UWM will post 0.3 earnings per share for the current year.

UWM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Wednesday, March 20th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 19th. This represents a $0.40 annualized dividend and a yield of 6.55%. UWM’s dividend payout ratio (DPR) is presently -210.53%.

Institutional Trading of UWM

Institutional investors have recently made changes to their positions in the business. Quent Capital LLC boosted its position in shares of UWM by 59.8% in the 4th quarter. Quent Capital LLC now owns 13,401 shares of the company’s stock worth $96,000 after purchasing an additional 5,013 shares in the last quarter. Wedmont Private Capital acquired a new stake in shares of UWM in the 4th quarter worth $104,000. Integrated Investment Consultants LLC boosted its position in shares of UWM by 2,107.2% in the 3rd quarter. Integrated Investment Consultants LLC now owns 3,592,568 shares of the company’s stock worth $17,424,000 after purchasing an additional 3,429,801 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in shares of UWM by 10.5% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 22,438 shares of the company’s stock worth $160,000 after purchasing an additional 2,140 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of UWM by 18.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,044,367 shares of the company’s stock worth $9,915,000 after purchasing an additional 322,021 shares in the last quarter. Institutional investors and hedge funds own 53.59% of the company’s stock.

About UWM

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.