Invesco Ltd. Lowers Holdings in UWM Holdings Co. (NYSE:UWMC)

Invesco Ltd. trimmed its position in UWM Holdings Co. (NYSE:UWMC - Free Report) by 82.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 SEC filing.

Other hedge funds have also made changes to their positions in the company. Polymer Capital Management US LLC acquired a new position in UWM in the fourth quarter valued at approximately $277,000. Wells Fargo & Company MN lifted its stake in shares of UWM by 9.9% in the 4th quarter. Wells Fargo & Company MN now owns 64,970 shares of the company's stock valued at $381,000 after purchasing an additional 5,849 shares during the last quarter. Bryce Point Capital LLC purchased a new position in shares of UWM during the 4th quarter worth $1,251,000. EMG Holdings L.P. acquired a new stake in shares of UWM during the 4th quarter worth about $2,597,000. Finally, Trexquant Investment LP purchased a new stake in UWM in the 4th quarter valued at about $2,450,000. Hedge funds and other institutional investors own 53.59% of the company's stock.

UWM Stock Performance

UWMC traded up $0.09 during trading on Wednesday, hitting $4.16. 3,591,724 shares of the stock were exchanged, compared to its average volume of 2,975,327. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06. UWM Holdings Co. has a 1-year low of $4.04 and a 1-year high of $9.74. The stock has a fifty day moving average price of $5.28 and a two-hundred day moving average price of $5.86. The firm has a market capitalization of $6.64 billion, a P/E ratio of -18.02 and a beta of 1.75.

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

UWM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.40 annualized dividend and a dividend yield of 9.63%. UWM's dividend payout ratio (DPR) is 500.00%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wedbush reaffirmed a "neutral" rating and set a $6.50 target price on shares of UWM in a research note on Monday, March 3rd. The Goldman Sachs Group dropped their target price on shares of UWM from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Wednesday. UBS Group raised UWM from a "sell" rating to a "neutral" rating and dropped their target price for the company from $4.75 to $4.50 in a research report on Wednesday, April 16th. 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $6.86.

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.