Brokerages Set UWM Holdings Co. (NYSE:UWMC) PT at $5.59

Shares of UWM Holdings Co. (NYSE:UWMC - Get Free Report) have earned an average recommendation of "Hold" from the ten brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $5.59.

UWMC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised shares of UWM from an "underperform" rating to a "market perform" rating and set a $6.00 price target on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of UWM in a research note on Wednesday, January 10th. They issued a "hold" rating and a $6.00 price target on the stock.

UWM Stock Performance

Shares of NYSE UWMC traded up $0.12 during midday trading on Thursday, reaching $6.38. 2,189,270 shares of the stock were exchanged, compared to its average volume of 1,768,812. The firm has a market cap of $602.50 million, a price-to-earnings ratio of -33.55 and a beta of 1.60. UWM has a twelve month low of $4.49 and a twelve month high of $7.75. The firm has a 50-day simple moving average of $6.77 and a two-hundred day simple moving average of $6.18. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.12.

UWM (NYSE:UWMC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.26). UWM had a return on equity of 2.45% and a net margin of 0.79%. The firm had revenue of ($114.58) million for the quarter, compared to analyst estimates of $402.14 million. As a group, analysts anticipate that UWM will post 0.3 EPS for the current fiscal year.

UWM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Wednesday, March 20th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, March 19th. This represents a $0.40 dividend on an annualized basis and a yield of 6.27%. UWM's payout ratio is currently -210.53%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of UWM during the 3rd quarter worth $32,000. Point72 Hong Kong Ltd purchased a new position in shares of UWM during the 2nd quarter worth $26,000. Quadrant Capital Group LLC raised its holdings in shares of UWM by 63.1% during the 4th quarter. Quadrant Capital Group LLC now owns 7,633 shares of the company's stock worth $55,000 after acquiring an additional 2,952 shares during the period. Comerica Bank purchased a new position in shares of UWM during the 3rd quarter worth $40,000. Finally, Captrust Financial Advisors raised its holdings in shares of UWM by 220.9% during the 2nd quarter. Captrust Financial Advisors now owns 9,589 shares of the company's stock worth $34,000 after acquiring an additional 6,601 shares during the period. Hedge funds and other institutional investors own 53.59% of the company's stock.

UWM Company 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.