Bank of America Corp DE trimmed its position in shares of UWM Holdings Co. (NYSE:UWMC - Free Report) by 54.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 390,154 shares of the company's stock after selling 470,993 shares during the period. Bank of America Corp DE's holdings in UWM were worth $2,290,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of UWMC. Vanguard Group Inc. grew its stake in shares of 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 buying an additional 3,212,081 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in UWM during the 4th quarter valued at about $121,000. Wells Fargo & Company MN lifted its holdings in UWM by 9.9% during the 4th quarter. Wells Fargo & Company MN now owns 64,970 shares of the company's stock valued at $381,000 after buying an additional 5,849 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of UWM by 25.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 30,014 shares of the company's stock valued at $176,000 after purchasing an additional 6,181 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of UWM in the 4th quarter valued at about $77,000. 53.59% of the stock is owned by hedge funds and other institutional investors.
UWM Price Performance
Shares of NYSE UWMC traded down $0.01 during mid-day trading on Wednesday, reaching $4.11. The company's stock had a trading volume of 4,778,902 shares, compared to its average volume of 3,284,477. UWM Holdings Co. has a 1-year low of $3.89 and a 1-year high of $9.74. The stock has a market capitalization of $6.57 billion, a P/E ratio of -17.87 and a beta of 1.75. The stock has a 50-day moving average of $4.53 and a two-hundred day moving average of $5.55. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40.
UWM (NYSE:UWMC - Get Free Report) last released its quarterly earnings data 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 company had revenue of $613.37 million for the quarter, compared to analysts' expectations of $558.80 million. On average, equities research analysts anticipate that UWM Holdings Co. will post 0.2 EPS for the current fiscal year.
UWM Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 9.73%. The ex-dividend date is Wednesday, June 18th. UWM's dividend payout ratio (DPR) is presently -307.69%.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. UBS Group upgraded shares of UWM from a "sell" rating to a "neutral" rating and cut their price target for the company from $4.75 to $4.50 in a research note on Wednesday, April 16th. Wedbush reissued a "neutral" rating and set a $6.50 price target on shares of UWM in a report on Monday, March 3rd. The Goldman Sachs Group lowered their price target 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, Keefe, Bruyette & Woods reduced their price objective on shares of UWM from $7.50 to $6.50 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $6.86.
View Our Latest Stock Analysis on UWMC
About UWM
(
Free Report)
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.
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