Swiss National Bank Purchases 68,100 Shares of UWM Holdings Corporation $UWMC

Key Points

• The Swiss National Bank increased its holdings in UWM Holdings Corporation by 38.6%, owning 244,700 shares valued at approximately $1.34 million at the close of the last reporting period.
• UWM recently announced a quarterly dividend of $0.10, with an annualized yield of 7.0%, to be paid on October 9th to stockholders recorded on September 18th.
• Following recent stock evaluations, UWM Holdings received mixed ratings from analysts, with a consensus rating of "Hold" and target prices ranging from $4.50 to $6.00.

Swiss National Bank increased its holdings in UWM Holdings Corporation (NYSE:UWMC - Free Report) by 38.6% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 244,700 shares of the company's stock after buying an additional 68,100 shares during the quarter. Swiss National Bank's holdings in UWM were worth $1,336,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in UWM by 101.8% in the 1st quarter. GAMMA Investing LLC now owns 5,863 shares of the company's stock worth $32,000 after buying an additional 2,958 shares in the last quarter. Signaturefd LLC grew its stake in shares of UWM by 135.4% during the 1st quarter. Signaturefd LLC now owns 8,159 shares of the company's stock valued at $45,000 after purchasing an additional 4,693 shares during the period. SYM FINANCIAL Corp bought a new stake in shares of UWM during the 1st quarter valued at about $64,000. Sequoia Financial Advisors LLC bought a new stake in shares of UWM during the 1st quarter valued at about $65,000. Finally, Grange Capital LLC bought a new stake in shares of UWM during the 1st quarter valued at about $71,000. 53.59% of the stock is currently owned by institutional investors.

UWM Price Performance

NYSE UWMC traded down $0.11 during trading hours on Thursday, reaching $5.58. The company's stock had a trading volume of 5,684,062 shares, compared to its average volume of 10,608,619. The firm's 50-day moving average price is $4.59 and its 200-day moving average price is $4.89. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.85. UWM Holdings Corporation has a 1 year low of $3.80 and a 1 year high of $9.45. The company has a market capitalization of $8.92 billion, a price-to-earnings ratio of -111.58 and a beta of 1.70.

UWM (NYSE:UWMC - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.10. UWM had a negative return on equity of 5.56% and a net margin of 0.48%.The company had revenue of $758.70 million for the quarter, compared to analysts' expectations of $621.60 million. On average, equities research analysts predict that UWM Holdings Corporation will post 0.2 EPS for the current fiscal year.

UWM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.40 dividend on an annualized basis and a yield of 7.2%. UWM's payout ratio is presently -800.00%.

Insider Transactions at UWM

In other UWM news, CEO Ishbia Mat sold 400,036 shares of UWM stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $5.68, for a total value of $2,272,204.48. Following the sale, the chief executive officer owned 1,298,200 shares of the company's stock, valued at $7,373,776. The trade was a 23.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 12,001,080 shares of company stock valued at $54,528,907. Insiders own 87.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group cut their price target on UWM from $6.00 to $5.25 and set a "neutral" rating for the company in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods cut UWM from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $6.50 to $4.50 in a research report on Thursday, July 10th. Barclays raised UWM from an "equal weight" rating to an "overweight" rating and set a $6.00 price objective on the stock in a research report on Tuesday, July 8th. Finally, Wall Street Zen raised UWM from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.54.

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.