UWM Holdings Co. (NYSE:UWMC) Shares Sold by Invesco Ltd.

Invesco Ltd. trimmed its position in shares of UWM Holdings Co. (NYSE:UWMC - Free Report) by 82.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,584 shares of the company's stock after selling 499,240 shares during the quarter. Invesco Ltd.'s holdings in UWM were worth $643,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. HB Wealth Management LLC boosted its stake in shares of UWM by 23.0% during the 4th quarter. HB Wealth Management LLC now owns 14,053 shares of the company's stock worth $82,000 after purchasing an additional 2,631 shares during the period. Victory Capital Management Inc. boosted its position in shares of UWM by 20.7% during the fourth quarter. Victory Capital Management Inc. now owns 20,330 shares of the company's stock valued at $119,000 after buying an additional 3,488 shares during the period. Wells Fargo & Company MN grew its stake in shares of UWM by 9.9% during the fourth quarter. Wells Fargo & Company MN now owns 64,970 shares of the company's stock valued at $381,000 after buying an additional 5,849 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 buying an additional 6,257 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in shares of UWM by 31.2% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 30,148 shares of the company's stock worth $177,000 after acquiring an additional 7,164 shares during the last quarter. Institutional investors own 53.59% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. The Goldman Sachs Group decreased their target price on UWM from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Wednesday. UBS Group upgraded shares of UWM from a "sell" rating to a "neutral" rating and decreased their price objective for the company from $4.75 to $4.50 in a report on Wednesday, April 16th. Wedbush restated a "neutral" rating and issued a $6.50 target price on shares of UWM in a research note on Monday, March 3rd. Finally, Keefe, Bruyette & Woods decreased their price target on shares of UWM from $7.50 to $6.50 and set an "outperform" rating for the company in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $6.86.

UWM Stock Up 0.2 %

UWMC stock traded up $0.01 during trading on Thursday, hitting $4.09. 489,780 shares of the company's stock traded hands, compared to its average volume of 2,990,891. The business has a fifty day simple moving average of $5.23 and a two-hundred day simple moving average of $5.85. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $6.54 billion, a P/E ratio of -17.78 and a beta of 1.75. UWM Holdings Co. has a 1 year low of $4.04 and a 1 year high of $9.74.

UWM (NYSE:UWMC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.23) earnings per share 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. Sell-side analysts anticipate that UWM Holdings Co. will post 0.2 EPS for the current year.

UWM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 9.78%. The ex-dividend date of this dividend is Wednesday, June 18th. UWM's dividend payout ratio (DPR) is presently 500.00%.

UWM 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.