BNP Paribas Financial Markets Buys Shares of 359,382 UWM Holdings Co. (NYSE:UWMC)

BNP Paribas Financial Markets acquired a new stake in UWM Holdings Co. (NYSE:UWMC - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 359,382 shares of the company's stock, valued at approximately $2,110,000.

A number of other large investors have also bought and sold shares of UWMC. First Trust Advisors LP boosted its holdings in shares of UWM by 886.9% in the fourth quarter. First Trust Advisors LP now owns 3,727,477 shares of the company's stock valued at $21,880,000 after buying an additional 3,349,779 shares during the period. Vanguard Group Inc. boosted its stake in UWM by 37.6% in the 4th quarter. Vanguard Group Inc. now owns 11,764,910 shares of the company's stock worth $69,060,000 after purchasing an additional 3,212,081 shares during the period. EMG Holdings L.P. bought a new position in UWM during the 4th quarter worth about $2,597,000. Trexquant Investment LP bought a new position in UWM during the 4th quarter worth about $2,450,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of UWM in the 4th quarter valued at about $2,085,000. 53.59% of the stock is owned by institutional investors.

UWM Stock Up 0.5%

Shares of NYSE:UWMC traded up $0.02 during trading on Tuesday, hitting $4.24. 2,697,165 shares of the company were exchanged, compared to its average volume of 3,123,937. UWM Holdings Co. has a fifty-two week low of $4.00 and a fifty-two week high of $9.74. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of -18.43 and a beta of 1.75. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06. The firm has a fifty day moving average price of $4.91 and a two-hundred day moving average price of $5.70.

UWM (NYSE:UWMC - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.29). The business had revenue of $613.37 million for the quarter, compared to analysts' expectations of $558.80 million. As a group, research analysts anticipate that UWM Holdings Co. will post 0.2 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 10th. Stockholders of record on Wednesday, June 18th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 9.43%. The ex-dividend date is Wednesday, June 18th. UWM's payout ratio is presently -307.69%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on UWMC shares. Keefe, Bruyette & Woods decreased their price objective on UWM from $7.50 to $6.50 and set an "outperform" rating for the company in a report on Wednesday, May 7th. UBS Group raised UWM from a "sell" rating to a "neutral" rating and reduced their price target for the stock from $4.75 to $4.50 in a research report on Wednesday, April 16th. The Goldman Sachs Group lowered their price objective on shares of UWM from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, Wedbush reissued a "neutral" rating and issued a $6.50 price objective on shares of UWM in a research report on Monday, March 3rd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $6.86.

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.