UWM Holdings Corporation (NYSE:UWMC) Receives Average Rating of “Hold” from Analysts

Shares of UWM Holdings Corporation (NYSE:UWMCGet Free Report) have been assigned an average rating of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $4.89.

Several equities analysts have recently commented on the stock. Morgan Stanley set a $3.75 price target on shares of UWM in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $5.50 target price on shares of UWM in a research note on Thursday, May 7th. Stephens assumed coverage on shares of UWM in a research report on Friday, April 24th. They issued an “equal weight” rating and a $4.00 target price for the company. Barclays dropped their price target on shares of UWM from $5.00 to $4.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods raised UWM from a “market perform” rating to an “outperform” rating and cut their price target for the company from $4.50 to $3.75 in a report on Thursday, June 25th.

Check Out Our Latest Report on UWM

Insiders Place Their Bets

In other UWM news, CEO Ishbia Mat sold 1,003,333 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $3.39, for a total transaction of $3,401,298.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 9,934,024 shares of company stock worth $35,925,911. 80.30% of the stock is owned by insiders.

Institutional Investors Weigh In On UWM

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP grew its position in UWM by 5,681.9% in the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after buying an additional 4,091 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of UWM in the third quarter valued at approximately $38,000. Raymond James Financial Inc. acquired a new position in shares of UWM during the second quarter valued at approximately $35,000. Farther Finance Advisors LLC increased its stake in shares of UWM by 1,410.7% during the fourth quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock valued at $38,000 after acquiring an additional 8,027 shares during the period. Finally, Focus Partners Wealth bought a new stake in UWM during the first quarter worth approximately $55,000. 53.59% of the stock is currently owned by institutional investors.

UWM Trading Up 0.2%

UWMC opened at $2.02 on Wednesday. The stock has a market capitalization of $3.24 billion, a PE ratio of 7.50 and a beta of 1.76. The firm’s fifty day moving average price is $2.51 and its 200 day moving average price is $3.71. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.52 and a quick ratio of 1.52. UWM has a 12-month low of $1.98 and a 12-month high of $7.14.

UWM (NYSE:UWMCGet Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. UWM had a net margin of 1.92% and a return on equity of 19.01%. The firm had revenue of $901.43 million for the quarter, compared to the consensus estimate of $709.85 million. As a group, research analysts expect that UWM will post 0.36 EPS for the current fiscal year.

UWM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 19.8%. The ex-dividend date was Thursday, June 18th. UWM’s dividend payout ratio (DPR) is currently 148.15%.

UWM Company Profile

(Get Free Report)

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.

See Also

Analyst Recommendations for UWM (NYSE:UWMC)

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