UWM Holdings Corporation (NYSE:UWMC) Given Consensus Rating of "Hold" by Analysts

Key Points

• Consensus rating: Eleven analysts give UWM a "Hold" (1 sell, 7 hold, 3 buy) with a 12‑month average price target of $6.49.
• Dividend announced: The company declared a $0.10 quarterly dividend (annualized $0.40), implying a 10.7% yield and a payout ratio of 666.67%.
• Insider activity: CEO Mat Ishbia sold 1,000,574 shares at about $3.70 on March 16, insiders sold 22,825,868 shares over the last 90 days, and insiders own 87.50% of the stock.

Shares of UWM Holdings Corporation (NYSE:UWMC - Get Free Report) have received a consensus rating of "Hold" from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $6.4875.

UWMC has been the subject of several analyst reports. Barclays cut their price target on shares of UWM from $7.00 to $6.00 and set an "overweight" rating for the company in a report on Thursday, February 26th. Morgan Stanley set a $6.00 price objective on UWM in a research report on Tuesday, December 16th. Keefe, Bruyette & Woods dropped their price objective on UWM from $6.75 to $6.00 and set a "market perform" rating for the company in a research note on Friday, February 27th. Compass Point assumed coverage on UWM in a research report on Tuesday, March 10th. They set a "buy" rating and a $8.50 target price for the company. Finally, Zacks Research upgraded UWM from a "strong sell" rating to a "hold" rating in a research note on Monday, March 30th.

UWM Trading Up 0.1%

Shares of UWMC opened at $3.73 on Monday. UWM has a twelve month low of $3.38 and a twelve month high of $7.14. The stock has a market cap of $5.96 billion, a PE ratio of 62.08 and a beta of 1.93. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.64. The business's 50-day moving average price is $4.35 and its 200-day moving average price is $5.06.

UWM (NYSE:UWMC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm had revenue of $945.25 million for the quarter, compared to analysts' expectations of $759.12 million. UWM had a net margin of 0.87% and a negative return on equity of 1.35%. On average, equities analysts forecast that UWM will post 0.2 EPS for the current fiscal year.

UWM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend is Thursday, March 19th. UWM's payout ratio is currently 666.67%.

Insider Activity at UWM

In other news, CEO Ishbia Mat sold 1,000,574 shares of UWM stock in a transaction on Monday, March 16th. The shares were sold at an average price of $3.70, for a total transaction of $3,702,123.80. Following the completion of the sale, the chief executive officer directly owned 11,335,023 shares of the company's stock, valued at approximately $41,939,585.10. The trade was a 8.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 22,825,868 shares of company stock valued at $102,811,994. 87.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On UWM

A number of large investors have recently added to or reduced their stakes in the company. Brandes Investment Partners LP bought a new stake in UWM during the fourth quarter worth about $45,867,000. Azora Capital LP increased its position in shares of UWM by 230.8% during the 4th quarter. Azora Capital LP now owns 11,296,053 shares of the company's stock valued at $49,477,000 after purchasing an additional 7,881,586 shares during the last quarter. Integrated Investment Consultants LLC purchased a new position in shares of UWM during the 3rd quarter valued at about $32,630,000. Renaissance Technologies LLC purchased a new position in shares of UWM during the 4th quarter valued at about $21,580,000. Finally, 683 Capital Management LLC bought a new stake in UWM in the 2nd quarter worth approximately $19,872,000. Hedge funds and other institutional investors own 53.59% of the company's stock.

UWM Company Profile

United Wholesale Mortgage NYSE: UWMC is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.

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