Marshall Wace LLP Grows Stake in UWM Holdings Co. (NYSE:UWMC)

Marshall Wace LLP grew its position in UWM Holdings Co. (NYSE:UWMC - Free Report) by 58.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 232,259 shares of the company's stock after purchasing an additional 85,889 shares during the quarter. Marshall Wace LLP's holdings in UWM were worth $1,363,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of UWM by 37.6% during the fourth 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 during the period. Geode Capital Management LLC grew its holdings in UWM by 2.7% in the third quarter. Geode Capital Management LLC now owns 1,546,818 shares of the company's stock valued at $13,183,000 after purchasing an additional 41,206 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in UWM in the fourth quarter valued at approximately $121,000. Tidal Investments LLC acquired a new stake in UWM in the third quarter valued at approximately $3,833,000. Finally, Sanctuary Advisors LLC acquired a new stake in UWM in the fourth quarter valued at approximately $77,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.

UWM Price Performance

NYSE:UWMC opened at $4.57 on Tuesday. UWM Holdings Co. has a 52 week low of $4.15 and a 52 week high of $9.74. 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 company has a market capitalization of $7.30 billion, a P/E ratio of -19.87 and a beta of 1.64. The stock's fifty day moving average is $5.49 and its two-hundred day moving average is $5.97.

UWM (NYSE:UWMC - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). The business had revenue of $560.21 million during the quarter, compared to the consensus estimate of $645.75 million. Equities analysts expect that UWM Holdings Co. will post 0.2 EPS for the current year.

UWM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.40 annualized dividend and a dividend yield of 8.75%. UWM's dividend payout ratio is presently 500.00%.

Analyst Upgrades and Downgrades

Several analysts have commented on UWMC shares. UBS Group raised UWM from a "sell" rating to a "neutral" rating and dropped their price objective for the company from $4.75 to $4.50 in a report on Wednesday, April 16th. Wedbush reaffirmed a "neutral" rating and issued a $6.50 price target on shares of UWM in a research note on Monday, March 3rd. Finally, Keefe, Bruyette & Woods raised UWM from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $6.50 to $7.50 in a research note on Monday, March 3rd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $7.21.

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.

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