Shares of UWM Holdings Co. (NYSE:UWMC - Get Free Report) saw an uptick in trading volume on Tuesday . 3,225,907 shares traded hands during mid-day trading, an increase of 116% from the previous session's volume of 1,496,136 shares.The stock last traded at $6.28 and had previously closed at $6.56.
Wall Street Analyst Weigh In
Several brokerages have commented on UWMC. Deutsche Bank Aktiengesellschaft started coverage on shares of UWM in a research report on Wednesday, January 10th. They issued a "hold" rating and a $6.00 price objective on the stock. UBS Group reiterated a "sell" rating and issued a $4.00 target price on shares of UWM in a research note on Wednesday, December 6th. Finally, Keefe, Bruyette & Woods downgraded shares of UWM from a "market perform" rating to an "underperform" rating and set a $6.00 target price for the company. in a research note on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $5.59.
Check Out Our Latest Stock Analysis on UWM
UWM Trading Down 8.6 %
The company has a market cap of $566.59 million, a PE ratio of -31.55 and a beta of 1.60. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.86 and a quick ratio of 1.86. The firm's 50 day moving average is $6.81 and its 200 day moving average is $6.13.
UWM (NYSE:UWMC - Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.26). UWM had a net margin of 0.79% and a return on equity of 2.45%. The company had revenue of ($114.58) million for the quarter, compared to the consensus estimate of $402.14 million. On average, equities analysts anticipate that UWM Holdings Co. will post 0.29 earnings per share for the current year.
UWM Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Wednesday, March 20th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, March 19th. This represents a $0.40 annualized dividend and a yield of 6.67%. UWM's payout ratio is presently -210.53%.
Institutional Investors Weigh In On UWM
A number of hedge funds have recently made changes to their positions in UWMC. Point72 Hong Kong Ltd bought a new stake in UWM during the 2nd quarter valued at $26,000. International Assets Investment Management LLC bought a new stake in UWM during the 3rd quarter valued at $32,000. Captrust Financial Advisors raised its holdings in UWM by 220.9% during the 2nd quarter. Captrust Financial Advisors now owns 9,589 shares of the company's stock valued at $34,000 after buying an additional 6,601 shares during the last quarter. First Republic Investment Management Inc. bought a new stake in UWM during the 2nd quarter valued at $35,000. Finally, Engineers Gate Manager LP bought a new stake in UWM during the 4th quarter valued at $35,000. 53.59% of the stock is currently owned by institutional investors.
UWM Company Profile
(
Get 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.
Featured Stories
Before you consider UWM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and UWM wasn't on the list.
While UWM currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
