UWM (NYSE:UWMC) Price Target Cut to $5.25 by Analysts at The Goldman Sachs Group

UWM (NYSE:UWMC - Free Report) had its price target cut by The Goldman Sachs Group from $6.00 to $5.25 in a report released on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts have also recently commented on UWMC. 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 research note on Wednesday, April 16th. Keefe, Bruyette & Woods lowered their price objective on UWM from $7.50 to $6.50 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $6.75.

UWM Stock Performance

Shares of UWMC stock remained flat at $4.30 on Wednesday. The company had a trading volume of 5,247,472 shares, compared to its average volume of 3,780,113. The company has a market cap of $6.88 billion, a PE ratio of -33.08 and a beta of 1.68. UWM has a 52-week low of $3.80 and a 52-week high of $9.74. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.87. The business has a 50 day moving average of $4.24 and a two-hundred day moving average of $5.25.

UWM (NYSE:UWMC - Get Free Report) last released 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). UWM had a negative return on equity of 3.86% and a negative net margin of 0.36%. The business had revenue of $613.37 million during the quarter, compared to analysts' expectations of $558.80 million. As a group, sell-side analysts predict that UWM will post 0.2 earnings per share for the current fiscal year.

UWM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 9.30%. The ex-dividend date is Wednesday, June 18th. UWM's dividend payout ratio (DPR) is presently -307.69%.

Insider Activity at UWM

In related news, CEO Ishbia Mat sold 400,036 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $4.13, for a total value of $1,652,148.68. Following the sale, the chief executive officer directly owned 899,676 shares of the company's stock, valued at approximately $3,715,661.88. This represents a 30.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 2,400,216 shares of company stock worth $9,800,882. 87.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Inspire Investing LLC grew its stake in shares of UWM by 14.7% during the 1st quarter. Inspire Investing LLC now owns 216,640 shares of the company's stock valued at $1,183,000 after buying an additional 27,751 shares during the period. Focus Partners Wealth bought a new stake in shares of UWM in the first quarter worth $55,000. Dynamic Technology Lab Private Ltd bought a new position in UWM during the 1st quarter worth approximately $92,000. AQR Capital Management LLC grew its position in shares of UWM by 1,144.7% in the 1st quarter. AQR Capital Management LLC now owns 2,496,805 shares of the company's stock worth $13,633,000 after acquiring an additional 2,296,205 shares in the last quarter. Finally, PDT Partners LLC increased its holdings in shares of UWM by 330.6% in the 1st quarter. PDT Partners LLC now owns 146,698 shares of the company's stock valued at $801,000 after acquiring an additional 112,632 shares during the last quarter. Institutional investors and hedge funds own 53.59% of the company's stock.

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.