OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires New Stake in UWM Holdings Co. (NYSE:UWMC)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in UWM Holdings Co. (NYSE:UWMC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 143,000 shares of the company's stock, valued at approximately $839,000.

Other large investors have also made changes to their positions in the company. Townsquare Capital LLC acquired a new position in UWM during the fourth quarter worth $72,000. Sanctuary Advisors LLC acquired a new position in UWM during the fourth quarter worth $77,000. HB Wealth Management LLC raised its stake in UWM by 23.0% during the fourth quarter. HB Wealth Management LLC now owns 14,053 shares of the company's stock worth $82,000 after acquiring an additional 2,631 shares in the last quarter. Sei Investments Co. acquired a new position in UWM during the fourth quarter worth $82,000. Finally, Secure Asset Management LLC acquired a new position in UWM during the fourth quarter worth $119,000. Institutional investors own 53.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on UWMC shares. The Goldman Sachs Group decreased their price target on UWM from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. UBS Group raised UWM from a "sell" rating to a "neutral" rating and decreased their target price for the stock from $4.75 to $4.50 in a report on Wednesday, April 16th. Wedbush reiterated a "neutral" rating and set a $6.50 target price on shares of UWM in a research report on Monday, March 3rd. Finally, Keefe, Bruyette & Woods lowered their target price on UWM from $7.50 to $6.50 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $6.86.

UWM Stock Down 3.8%

Shares of UWMC stock traded down $0.16 during trading hours on Monday, reaching $4.17. The company had a trading volume of 1,549,879 shares, compared to its average volume of 3,115,945. The business has a fifty day simple moving average of $4.94 and a 200-day simple moving average of $5.72. The company has a market cap of $6.66 billion, a price-to-earnings ratio of -18.15 and a beta of 1.75. UWM Holdings Co. has a 12 month low of $4.00 and a 12 month high of $9.74. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick 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 analysts' consensus estimates of $0.06 by ($0.29). The company had revenue of $613.37 million during the quarter, compared to the consensus estimate of $558.80 million. On average, research analysts expect that UWM Holdings Co. will post 0.2 earnings per share for the current fiscal year.

UWM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be given a $0.10 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.60%. UWM's dividend payout ratio is currently -307.69%.

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.