UWM Holdings Co. (NYSE:UWMC) Receives Average Rating of "Hold" from Analysts

Shares of UWM Holdings Co. (NYSE:UWMC - Get Free Report) have received an average rating of "Hold" from the seven research firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $6.86.

A number of equities analysts recently commented on UWMC shares. The Goldman Sachs Group decreased their price target on UWM from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Wedbush reaffirmed a "neutral" rating and issued a $6.50 price target on shares of UWM in a report on Monday, March 3rd. UBS Group upgraded UWM from a "sell" rating to a "neutral" rating and decreased their target price for the company from $4.75 to $4.50 in a research note on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods dropped their price target on UWM from $7.50 to $6.50 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th.

UWM Stock Down 4.7%

NYSE UWMC traded down $0.20 during mid-day trading on Tuesday, reaching $4.18. 3,334,893 shares of the company's stock traded hands, compared to its average volume of 3,398,547. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06. UWM has a 1-year low of $3.89 and a 1-year high of $9.74. The company has a fifty day simple moving average of $4.36 and a 200-day simple moving average of $5.47. The company has a market cap of $6.68 billion, a price-to-earnings ratio of -18.16 and a beta of 1.70.

UWM (NYSE:UWMC - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $558.80 million. As a group, equities research analysts expect that UWM will post 0.2 EPS for the current year.

UWM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 9.58%. The ex-dividend date of this dividend is Wednesday, June 18th. UWM's dividend payout ratio is currently -307.69%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Bleakley Financial Group LLC lifted its holdings in UWM by 37.0% in the fourth quarter. Bleakley Financial Group LLC now owns 39,723 shares of the company's stock worth $233,000 after purchasing an additional 10,734 shares during the period. Salzhauer Michael bought a new position in shares of UWM in the fourth quarter valued at approximately $880,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of UWM by 103.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 57,085 shares of the company's stock valued at $322,000 after acquiring an additional 29,042 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in UWM during the fourth quarter worth approximately $77,000. Finally, Ieq Capital LLC lifted its position in UWM by 273.3% in the fourth quarter. Ieq Capital LLC now owns 38,679 shares of the company's stock worth $227,000 after purchasing an additional 28,319 shares during the period. Institutional investors and hedge funds own 53.59% of the company's stock.

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.