UWM Holdings Corporation (NYSE:UWMC) Receives Consensus Rating of “Hold” from Analysts

UWM Holdings Corporation (NYSE:UWMC) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $6.5313.

A number of equities analysts recently commented on the company. Barclays lifted their price target on UWM from $6.00 to $7.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Wall Street Zen lowered UWM from a “hold” rating to a “strong sell” rating in a report on Saturday, November 15th. Jefferies Financial Group assumed coverage on UWM in a research note on Friday, December 19th. They issued a “hold” rating and a $5.00 price target on the stock. UBS Group lifted their price objective on shares of UWM from $5.50 to $6.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Finally, Morgan Stanley set a $6.00 price objective on shares of UWM in a research report on Tuesday, December 16th.

Insiders Place Their Bets

In related news, CEO Ishbia Mat sold 632,874 shares of the business’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $5.75, for a total value of $3,639,025.50. Following the completion of the sale, the chief executive officer directly owned 3,421,013 shares in the company, valued at $19,670,824.75. The trade was a 15.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 19,750,553 shares of company stock worth $104,615,908. Company insiders own 94.11% of the company’s stock.

Institutional Investors Weigh In On UWM

Hedge funds and other institutional investors have recently modified their holdings of the company. Choreo LLC grew its stake in shares of UWM by 16.1% in the fourth quarter. Choreo LLC now owns 19,017 shares of the company’s stock valued at $84,000 after acquiring an additional 2,637 shares in the last quarter. State of Wyoming boosted its holdings in UWM by 24.9% in the 3rd quarter. State of Wyoming now owns 14,552 shares of the company’s stock valued at $89,000 after purchasing an additional 2,902 shares during the period. Arizona State Retirement System grew its position in shares of UWM by 8.1% during the 3rd quarter. Arizona State Retirement System now owns 50,661 shares of the company’s stock worth $309,000 after purchasing an additional 3,785 shares in the last quarter. Allworth Financial LP increased its holdings in shares of UWM by 5,681.9% during the third quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock worth $25,000 after purchasing an additional 4,091 shares during the period. Finally, Evergreen Capital Management LLC boosted its stake in shares of UWM by 16.5% in the fourth quarter. Evergreen Capital Management LLC now owns 30,192 shares of the company’s stock valued at $135,000 after buying an additional 4,279 shares during the period. Institutional investors and hedge funds own 53.59% of the company’s stock.

UWM Stock Up 1.3%

NYSE UWMC opened at $5.86 on Wednesday. The firm’s 50 day moving average is $5.25 and its 200-day moving average is $5.38. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.40. UWM has a 12-month low of $3.80 and a 12-month high of $7.14.

UWM (NYSE:UWMC) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). The business had revenue of $151.14 million for the quarter, compared to the consensus estimate of $651.51 million. UWM had a negative return on equity of 6.81% and a net margin of 0.61%. Equities research analysts predict that UWM will post 0.2 EPS for the current fiscal year.

UWM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $0.40 annualized dividend and a dividend yield of 6.8%.

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.