Barclays PLC increased its position in shares of UWM Holdings Co. (NYSE:UWMC - Free Report) by 487.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 152,912 shares of the company's stock after purchasing an additional 126,890 shares during the period. Barclays PLC's holdings in UWM were worth $899,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. HB Wealth Management LLC grew its position in UWM by 23.0% in the fourth quarter. HB Wealth Management LLC now owns 14,053 shares of the company's stock valued at $82,000 after acquiring an additional 2,631 shares during the period. Victory Capital Management Inc. boosted its stake in UWM by 20.7% in the fourth quarter. Victory Capital Management Inc. now owns 20,330 shares of the company's stock worth $119,000 after purchasing an additional 3,488 shares in the last quarter. Wells Fargo & Company MN boosted its stake in UWM by 9.9% in the fourth quarter. Wells Fargo & Company MN now owns 64,970 shares of the company's stock worth $381,000 after purchasing an additional 5,849 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in UWM by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 580,547 shares of the company's stock worth $3,408,000 after purchasing an additional 6,257 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in UWM by 31.2% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 30,148 shares of the company's stock worth $177,000 after purchasing an additional 7,164 shares in the last quarter. 53.59% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
UWMC has been the topic of a number of recent analyst reports. Wedbush reissued a "neutral" rating and issued a $6.50 price objective on shares of UWM in a research note on Monday, March 3rd. UBS Group raised UWM from a "sell" rating to a "neutral" rating and cut their price target for the company from $4.75 to $4.50 in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods cut their price target on UWM from $7.50 to $6.50 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group cut their price target on UWM from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, UWM currently has an average rating of "Hold" and a consensus target price of $6.86.
Get Our Latest Report on UWM
UWM Stock Performance
NYSE UWMC traded up $0.02 on Friday, reaching $4.23. The stock had a trading volume of 2,998,087 shares, compared to its average volume of 3,022,698. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a fifty day moving average of $5.14 and a two-hundred day moving average of $5.80. UWM Holdings Co. has a 1-year low of $4.04 and a 1-year high of $9.74. The company has a market cap of $6.76 billion, a P/E ratio of -18.39 and a beta of 1.75.
UWM (NYSE:UWMC - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.29). The firm had revenue of $613.37 million during the quarter, compared to the consensus estimate of $558.80 million. On average, equities research analysts anticipate that UWM Holdings Co. will post 0.2 EPS for the current year.
UWM Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.40 annualized dividend and a dividend yield of 9.46%. UWM's dividend payout ratio is currently -307.69%.
UWM Profile
(
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.
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