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

BNP Paribas Financial Markets bought a new stake in UWM Holdings Co. (NYSE:UWMC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 359,382 shares of the company's stock, valued at approximately $2,110,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Townsquare Capital LLC acquired a new stake in UWM during the fourth quarter valued at approximately $72,000. Sanctuary Advisors LLC acquired a new stake in UWM in the 4th quarter valued at $77,000. HB Wealth Management LLC grew its position in UWM by 23.0% in the fourth quarter. HB Wealth Management LLC now owns 14,053 shares of the company's stock valued at $82,000 after acquiring an additional 2,631 shares during the period. Sei Investments Co. acquired a new position in UWM during the fourth quarter worth $82,000. Finally, Secure Asset Management LLC bought a new position in shares of UWM during the fourth quarter valued at $119,000. Institutional investors and hedge funds own 53.59% of the company's stock.

Wall Street Analysts Forecast Growth

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

UWM Price Performance

UWMC traded up $0.04 during midday trading on Thursday, hitting $4.01. The company had a trading volume of 1,017,856 shares, compared to its average volume of 3,140,583. UWM Holdings Co. has a twelve month low of $3.90 and a twelve month high of $9.74. The company has a market capitalization of $6.40 billion, a PE ratio of -17.33 and a beta of 1.75. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40. The firm's 50-day simple moving average is $4.84 and its 200-day simple moving average is $5.68.

UWM (NYSE:UWMC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.29). The firm had revenue of $613.37 million for the quarter, compared to analyst estimates of $558.80 million. Equities research analysts predict that UWM Holdings Co. will post 0.2 EPS for the current fiscal year.

UWM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be given a $0.10 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.40 dividend on an annualized basis and a yield of 9.99%. UWM's payout ratio is -307.69%.

UWM 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.