UWM Holdings Co. (NYSE:UWMC) Shares Bought by Barclays PLC

Barclays PLC grew its stake in UWM Holdings Co. (NYSE:UWMC - Free Report) by 487.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,912 shares of the company's stock after acquiring an additional 126,890 shares during the quarter. Barclays PLC's holdings in UWM were worth $899,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in UWMC. Vanguard Group Inc. lifted its holdings in UWM by 37.6% in the 4th quarter. Vanguard Group Inc. now owns 11,764,910 shares of the company's stock valued at $69,060,000 after purchasing an additional 3,212,081 shares in the last quarter. EMG Holdings L.P. purchased a new position in shares of UWM during the fourth quarter valued at approximately $2,597,000. Trexquant Investment LP acquired a new stake in UWM during the fourth quarter worth approximately $2,450,000. Bryce Point Capital LLC purchased a new stake in UWM in the 4th quarter worth approximately $1,251,000. Finally, Bank of Nova Scotia grew its stake in UWM by 51.0% in the 4th quarter. Bank of Nova Scotia now owns 621,392 shares of the company's stock worth $3,648,000 after acquiring an additional 209,903 shares during the period. Institutional investors and hedge funds own 53.59% of the company's stock.

UWM Stock Performance

Shares of NYSE:UWMC opened at $4.77 on Tuesday. The firm has a market capitalization of $7.62 billion, a PE ratio of -20.72 and a beta of 1.75. UWM Holdings Co. has a 12 month low of $4.15 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. The business has a 50-day moving average of $5.32 and a two-hundred day moving average of $5.87.

UWM (NYSE:UWMC - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). The company had revenue of $560.21 million for the quarter, compared to analysts' expectations of $645.75 million. As a group, research analysts forecast that UWM Holdings Co. will post 0.2 earnings per share for the current year.

UWM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, March 20th. This represents a $0.40 annualized dividend and a dividend yield of 8.39%. UWM's payout ratio is 500.00%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on UWMC shares. UBS Group upgraded UWM from a "sell" rating to a "neutral" rating and decreased their price objective for the stock from $4.75 to $4.50 in a report on Wednesday, April 16th. Wedbush reissued a "neutral" rating and issued a $6.50 price target on shares of UWM in a research note on Monday, March 3rd. Finally, Keefe, Bruyette & Woods raised shares of UWM from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $6.50 to $7.50 in a research note on Monday, March 3rd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, UWM has a consensus rating of "Hold" and a consensus price target of $7.21.

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.

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