UWM Holdings Co. (NYSE:UWMC) Receives $5.69 Consensus PT from Brokerages

UWM Holdings Co. (NYSE:UWMC) has received a consensus rating of “Reduce” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $5.69.

Several equities analysts have recently weighed in on the company. Wedbush restated a “neutral” rating and issued a $7.00 price objective on shares of UWM in a report on Friday, May 17th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $7.00 price objective (up previously from $6.00) on shares of UWM in a research note on Friday, May 10th.

UWM Stock Up 0.7 %

Shares of UWM stock opened at $6.84 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.58 and a quick ratio of 1.58. UWM has a 1 year low of $4.49 and a 1 year high of $7.78. The business has a 50-day moving average of $7.05 and a two-hundred day moving average of $6.84. The company has a market capitalization of $653.77 million, a P/E ratio of 228.00 and a beta of 1.65.

UWM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 20th will be issued a $0.10 dividend. The ex-dividend date is Thursday, June 20th. This represents a $0.40 annualized dividend and a yield of 5.85%. UWM’s payout ratio is currently 1,333.33%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in UWMC. Vanguard Group Inc. grew its position in UWM by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 8,842,460 shares of the company’s stock worth $42,886,000 after purchasing an additional 28,071 shares in the last quarter. FMR LLC lifted its stake in shares of UWM by 30.6% during the 3rd quarter. FMR LLC now owns 6,077,084 shares of the company’s stock valued at $29,474,000 after buying an additional 1,424,451 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of UWM by 4.0% during the fourth quarter. Victory Capital Management Inc. now owns 2,126,166 shares of the company’s stock worth $15,202,000 after acquiring an additional 81,799 shares in the last quarter. Azora Capital LP purchased a new stake in UWM during the 4th quarter worth about $6,705,000. Finally, Cambridge Investment Research Advisors Inc. grew its stake in UWM by 3.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 287,135 shares of the company’s stock valued at $2,085,000 after acquiring an additional 9,555 shares in the last quarter. 53.59% of the stock is owned by institutional investors.

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.