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

Shares of UWM Holdings Co. (NYSE:UWMC) have earned a consensus rating of “Reduce” from the nine brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $5.94.

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $7.00 target price (up previously from $6.00) on shares of UWM in a research report on Friday, May 10th. Barclays boosted their price objective on UWM from $5.00 to $6.00 and gave the company an “underweight” rating in a report on Tuesday, July 9th. Finally, Wedbush reiterated a “neutral” rating and issued a $7.00 price objective on shares of UWM in a report on Friday, May 17th.

UWM Price Performance

NYSE:UWMC opened at $8.07 on Friday. UWM has a 52 week low of $4.49 and a 52 week high of $8.34. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $771.31 million, a P/E ratio of 269.00 and a beta of 1.64. The stock’s fifty day moving average is $7.32 and its two-hundred day moving average is $6.91.

UWM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 11th. Investors of record on Thursday, June 20th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.96%. UWM’s dividend payout ratio (DPR) is presently 1,333.33%.

Institutional Trading of UWM

Large investors have recently made changes to their positions in the company. Azora Capital LP acquired a new stake in UWM during the 4th quarter worth approximately $6,705,000. SG Americas Securities LLC lifted its position in UWM by 1,743.3% during the 2nd quarter. SG Americas Securities LLC now owns 239,830 shares of the company’s stock worth $1,662,000 after acquiring an additional 226,819 shares during the period. Victory Capital Management Inc. raised its stake in shares of UWM by 4.0% during the 4th quarter. Victory Capital Management Inc. now owns 2,126,166 shares of the company’s stock worth $15,202,000 after buying an additional 81,799 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of UWM by 134.8% during the 1st quarter. Quantbot Technologies LP now owns 115,250 shares of the company’s stock worth $837,000 after buying an additional 66,174 shares in the last quarter. Finally, Inspire Investing LLC purchased a new position in shares of UWM during the 1st quarter worth approximately $445,000. 53.59% of the stock is owned by institutional investors and hedge funds.

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.