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

Shares of UWM Holdings Co. (NYSE:UWMC) have earned an average rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $7.39.

Several research firms have recently commented on UWMC. Keefe, Bruyette & Woods dropped their target price on shares of UWM from $7.00 to $6.50 and set a “market perform” rating for the company in a research report on Friday, January 3rd. Barclays upgraded shares of UWM from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $6.00 to $8.00 in a report on Tuesday, October 8th. Morgan Stanley cut their price objective on UWM from $7.50 to $6.50 and set an “equal weight” rating on the stock in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group lowered their target price on UWM from $8.50 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, November 14th.

UWM Price Performance

Shares of UWM stock opened at $5.48 on Friday. The company has a market cap of $8.76 billion, a PE ratio of -23.83 and a beta of 1.66. The business has a 50 day moving average of $6.06 and a 200 day moving average of $7.34. UWM has a 52 week low of $5.32 and a 52 week high of $9.74. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06.

UWM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 19th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.30%. UWM’s dividend payout ratio is currently -173.91%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UWMC. Xponance Inc. bought a new position in shares of UWM in the second quarter worth approximately $76,000. Intech Investment Management LLC purchased a new stake in UWM during the 2nd quarter valued at $85,000. Orion Portfolio Solutions LLC purchased a new stake in UWM during the 3rd quarter valued at $85,000. Frank Rimerman Advisors LLC bought a new stake in shares of UWM in the 2nd quarter worth $93,000. Finally, LJI Wealth Management LLC purchased a new position in shares of UWM in the second quarter worth $105,000. Institutional investors own 53.59% of the company’s stock.

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.