Patriot Financial Group Insurance Agency LLC Acquires 7,164 Shares of UWM Holdings Co. (NYSE:UWMC)

Patriot Financial Group Insurance Agency LLC increased its holdings in shares of UWM Holdings Co. (NYSE:UWMC) by 31.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 30,148 shares of the company’s stock after acquiring an additional 7,164 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in UWM were worth $177,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of UWMC. Wedmont Private Capital boosted its stake in shares of UWM by 10.8% during the third quarter. Wedmont Private Capital now owns 20,113 shares of the company’s stock valued at $171,000 after purchasing an additional 1,963 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in UWM by 8.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 24,757 shares of the company’s stock valued at $168,000 after buying an additional 1,991 shares during the period. HB Wealth Management LLC grew its stake in UWM by 23.0% in the 4th quarter. HB Wealth Management LLC now owns 14,053 shares of the company’s stock worth $82,000 after acquiring an additional 2,631 shares in the last quarter. Integrated Investment Consultants LLC boosted its holdings in shares of UWM by 7.9% in the third quarter. Integrated Investment Consultants LLC now owns 100,688 shares of the company’s stock valued at $858,000 after purchasing an additional 7,334 shares during the period. Finally, CWM LLC grew its stake in UWM by 120.1% in the third quarter. CWM LLC now owns 14,243 shares of the company’s stock worth $121,000 after purchasing an additional 7,772 shares in the last quarter. Hedge funds and other institutional investors own 53.59% of the company’s stock.

UWM Stock Down 2.1 %

NYSE:UWMC opened at $6.15 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $9.82 billion, a P/E ratio of -26.72 and a beta of 1.66. The company’s 50-day simple moving average is $6.04 and its 200-day simple moving average is $7.27. UWM Holdings Co. has a fifty-two week low of $5.31 and a fifty-two week high of $9.74.

UWM (NYSE:UWMC) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). The firm had revenue of $526.43 million during the quarter, compared to analyst estimates of $517.02 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. On average, equities 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 announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 19th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date of this dividend was Thursday, December 19th. UWM’s dividend payout ratio (DPR) is presently -173.91%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their target price on UWM from $7.00 to $6.50 and set a “market perform” rating for the company in a report on Friday, January 3rd. The Goldman Sachs Group dropped their target price on shares of UWM from $8.50 to $7.50 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Morgan Stanley reduced their price target on shares of UWM from $7.50 to $6.50 and set an “equal weight” rating for the company in a report on Thursday, December 19th. Finally, Barclays upgraded shares of UWM from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $6.00 to $8.00 in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.39.

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.