UWM Holdings Corporation (NYSE:UWMC) Receives Consensus Recommendation of “Hold” from Analysts

UWM Holdings Corporation (NYSE:UWMC) has been given a consensus rating of “Hold” by the thirteen ratings firms that are covering the stock, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $5.79.

A number of equities analysts have issued reports on UWMC shares. Weiss Ratings raised shares of UWM from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Argus upgraded shares of UWM to a “hold” rating in a research report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $5.50 price objective on shares of UWM in a research note on Thursday, May 7th. Zacks Research raised UWM from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Keefe, Bruyette & Woods dropped their price objective on UWM from $5.00 to $4.50 and set a “market perform” rating for the company in a research note on Friday, May 8th.

UWM Price Performance

UWMC opened at $3.02 on Tuesday. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 11.17 and a beta of 1.72. The firm’s fifty day moving average price is $3.47 and its two-hundred day moving average price is $4.42. UWM has a 1 year low of $2.83 and a 1 year high of $7.14.

UWM (NYSE:UWMC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $901.43 million for the quarter, compared to the consensus estimate of $709.85 million. UWM had a net margin of 1.92% and a return on equity of 19.01%. As a group, analysts anticipate that UWM will post 0.38 earnings per share for the current fiscal year.

UWM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date of this dividend is Thursday, June 18th. UWM’s dividend payout ratio is 148.15%.

Insider Buying and Selling at UWM

In related news, CEO Ishbia Mat sold 1,003,333 shares of UWM stock in a transaction on Friday, May 8th. The shares were sold at an average price of $3.39, for a total value of $3,401,298.87. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 27,474,130 shares of company stock worth $101,411,072 over the last ninety days. Corporate insiders own 80.30% of the company’s stock.

Institutional Trading of UWM

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in UWM by 9.7% in the fourth quarter. Vanguard Group Inc. now owns 18,959,442 shares of the company’s stock valued at $83,042,000 after acquiring an additional 1,676,754 shares in the last quarter. Azora Capital LP boosted its holdings in UWM by 230.8% in the fourth quarter. Azora Capital LP now owns 11,296,053 shares of the company’s stock valued at $49,477,000 after acquiring an additional 7,881,586 shares in the last quarter. Brandes Investment Partners LP bought a new stake in UWM in the fourth quarter valued at $45,867,000. Bank of America Corp DE boosted its holdings in UWM by 127.4% in the first quarter. Bank of America Corp DE now owns 6,969,809 shares of the company’s stock valued at $25,231,000 after acquiring an additional 3,905,286 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in UWM by 116.6% in the second quarter. Balyasny Asset Management L.P. now owns 5,991,072 shares of the company’s stock valued at $24,803,000 after acquiring an additional 3,224,806 shares in the last quarter. Institutional investors own 53.59% of the company’s stock.

About UWM

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.