UBS Group AG Purchases 1,620,003 Shares of UWM Holdings Corporation $UWMC

UBS Group AG increased its position in UWM Holdings Corporation (NYSE:UWMC) by 93.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,347,300 shares of the company’s stock after buying an additional 1,620,003 shares during the quarter. UBS Group AG’s holdings in UWM were worth $14,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Allworth Financial LP lifted its position in UWM by 5,681.9% in the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock worth $25,000 after buying an additional 4,091 shares during the last quarter. Advisory Services Network LLC bought a new stake in UWM in the 3rd quarter worth approximately $38,000. Raymond James Financial Inc. bought a new stake in UWM in the 2nd quarter worth approximately $35,000. Farther Finance Advisors LLC lifted its position in UWM by 1,410.7% in the 4th quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock worth $38,000 after buying an additional 8,027 shares during the last quarter. Finally, Moment Partners LLC bought a new stake in UWM in the 3rd quarter worth approximately $61,000. Institutional investors own 53.59% of the company’s stock.

Insider Activity at UWM

In other news, CEO Ishbia Mat sold 1,003,333 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $3.39, for a total value of $3,401,298.87. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 31,271,374 shares of company stock valued at $118,745,491 over the last 90 days. Corporate insiders own 80.30% of the company’s stock.

Wall Street Analysts Forecast Growth

UWMC has been the topic of a number of analyst reports. Argus raised UWM to a “hold” rating in a research note on Tuesday, March 31st. Weiss Ratings raised UWM from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Barclays decreased their price target on UWM from $6.00 to $5.00 and set an “overweight” rating on the stock in a research note on Monday, April 6th. Wall Street Zen raised UWM from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Jefferies Financial Group set a $4.40 price target on UWM in a research note on Wednesday, February 25th. Three equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $5.79.

UWM Price Performance

Shares of UWMC stock opened at $3.11 on Thursday. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 11.53 and a beta of 1.78. The business’s fifty day moving average is $3.68 and its 200 day moving average is $4.66. UWM Holdings Corporation has a twelve month low of $3.08 and a twelve month high of $7.14. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 3.13.

UWM (NYSE:UWMC) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. The company had revenue of $901.43 million for the quarter, compared to analysts’ expectations of $709.85 million. UWM had a return on equity of 19.01% and a net margin of 1.92%. Research analysts expect that UWM Holdings Corporation will post 0.38 EPS for the current fiscal year.

UWM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 12.8%. The ex-dividend date of this dividend is Thursday, June 18th. UWM’s dividend payout ratio is presently 148.15%.

About UWM

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.