UWM Holdings Co. (NYSE:UWMC) Stock Holdings Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of UWM Holdings Co. (NYSE:UWMC) by 1.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 580,547 shares of the company’s stock after purchasing an additional 6,257 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in UWM were worth $3,408,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in shares of UWM during the fourth quarter valued at $77,000. HB Wealth Management LLC boosted its stake in UWM by 23.0% during the 4th quarter. HB Wealth Management LLC now owns 14,053 shares of the company’s stock valued at $82,000 after purchasing an additional 2,631 shares during the period. Orion Portfolio Solutions LLC bought a new position in UWM in the 3rd quarter worth about $85,000. Quantinno Capital Management LP acquired a new stake in shares of UWM in the third quarter valued at approximately $106,000. Finally, Secure Asset Management LLC bought a new stake in shares of UWM during the fourth quarter valued at approximately $119,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

UWM Trading Up 0.3 %

Shares of UWMC stock opened at $5.68 on Friday. 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 has a 50-day simple moving average of $6.17 and a 200 day simple moving average of $6.57. UWM Holdings Co. has a fifty-two week low of $5.31 and a fifty-two week high of $9.74. The stock has a market capitalization of $9.07 billion, a P/E ratio of -24.67 and a beta of 1.64.

UWM (NYSE:UWMC) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). The firm had revenue of $560.21 million for the quarter, compared to the consensus estimate of $645.75 million. On average, sell-side analysts expect that UWM Holdings Co. will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.05%. The ex-dividend date of this dividend is Thursday, March 20th. UWM’s dividend payout ratio (DPR) is presently 500.00%.

Analysts Set New Price Targets

Several research firms recently commented on UWMC. Wedbush restated a “neutral” rating and issued a $6.50 target price on shares of UWM in a research report on Monday, March 3rd. Keefe, Bruyette & Woods raised UWM from a “market perform” rating to an “outperform” rating and raised their price target for the company from $6.50 to $7.50 in a report on Monday, March 3rd. Finally, Morgan Stanley decreased their target price on shares of UWM from $7.50 to $6.50 and set an “equal weight” rating for the company in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $7.25.

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.