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

Shares of UWM Holdings Co. (NYSE:UWMC) have earned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $7.21.

UWMC has been the topic of several research analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $6.50 price objective on shares of UWM in a research note on Monday, March 3rd. Keefe, Bruyette & Woods upgraded shares of UWM from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $6.50 to $7.50 in a research note on Monday, March 3rd. Finally, UBS Group raised shares of UWM from a “sell” rating to a “neutral” rating and cut their target price for the company from $4.75 to $4.50 in a research note on Wednesday, April 16th.

Institutional Investors Weigh In On UWM

A number of hedge funds have recently bought and sold shares of UWMC. Vanguard Group Inc. increased its stake in shares of UWM by 37.6% in the fourth quarter. Vanguard Group Inc. now owns 11,764,910 shares of the company’s stock worth $69,060,000 after buying an additional 3,212,081 shares during the last quarter. First Trust Advisors LP raised its stake in shares of UWM by 886.9% in the 4th 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 in the last quarter. State Street Corp lifted its position in shares of UWM by 5.0% during the third quarter. State Street Corp now owns 1,592,084 shares of the company’s stock worth $13,723,000 after purchasing an additional 76,221 shares during the last quarter. Geode Capital Management LLC grew its stake in UWM by 2.7% in the third quarter. Geode Capital Management LLC now owns 1,546,818 shares of the company’s stock worth $13,183,000 after purchasing an additional 41,206 shares in the last quarter. Finally, Basswood Capital Management L.L.C. acquired a new stake in UWM during the fourth quarter valued at approximately $6,602,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

UWM Price Performance

UWMC opened at $4.45 on Monday. UWM has a 1 year low of $4.15 and a 1 year high of $9.74. 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 company’s 50 day simple moving average is $5.53 and its 200 day simple moving average is $6.00. The stock has a market capitalization of $7.10 billion, a PE ratio of -19.33 and a beta of 1.64.

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

UWM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were issued a $0.10 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.40 dividend on an annualized basis and a yield of 9.00%. UWM’s dividend payout ratio is currently 500.00%.

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.