UWM Holdings Co. (NYSE:UWMC) Receives $7.41 Consensus PT from Analysts

UWM Holdings Co. (NYSE:UWMC) has been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $7.28.

Several research firms have issued reports on UWMC. Keefe, Bruyette & Woods cut their price objective on UWM from $9.00 to $7.00 and set a “market perform” rating on the stock in a report on Tuesday, December 10th. The Goldman Sachs Group reduced their price target on shares of UWM from $8.50 to $7.50 and set a “neutral” rating for the company in a research report on Thursday, November 14th. UBS Group lifted their price objective on shares of UWM from $4.50 to $4.75 and gave the stock a “sell” rating in a research report on Thursday, September 5th. Barclays raised UWM from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $6.00 to $8.00 in a research report on Tuesday, October 8th. Finally, Morgan Stanley dropped their price target on UWM from $7.50 to $6.50 and set an “equal weight” rating on the stock in a research report on Thursday.

Institutional Trading of UWM

A number of institutional investors have recently added to or reduced their stakes in UWMC. CWM LLC boosted its position in UWM by 96.4% during the second quarter. CWM LLC now owns 6,471 shares of the company’s stock worth $45,000 after purchasing an additional 3,177 shares during the period. International Assets Investment Management LLC bought a new stake in shares of UWM during the 2nd quarter worth $52,000. Xponance Inc. acquired a new position in UWM in the 2nd quarter valued at $76,000. Intech Investment Management LLC bought a new position in UWM in the 2nd quarter worth $85,000. Finally, Orion Portfolio Solutions LLC acquired a new position in UWM during the 3rd quarter worth $85,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.

UWM Stock Down 1.6 %

Shares of UWM stock opened at $5.65 on Tuesday. UWM has a 12-month low of $5.44 and a 12-month high of $9.74. The firm has a market capitalization of $9.03 billion, a PE ratio of -24.57 and a beta of 1.65. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06. The stock’s fifty day moving average is $6.43 and its 200-day moving average is $7.52.

UWM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 19th will be paid a $0.10 dividend. The ex-dividend date is Thursday, December 19th. This represents a $0.40 dividend on an annualized basis and a yield of 7.08%. UWM’s dividend payout ratio (DPR) is currently -173.91%.

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.