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

Shares of UWM Holdings Corporation (NYSE:UWMC) have been given a consensus rating of “Hold” by the ten ratings firms that are presently covering the company, MarketBeat Ratings 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 1 year price target among analysts that have issued a report on the stock in the last year is $6.5313.

A number of analysts recently issued reports on UWMC shares. The Goldman Sachs Group set a $5.00 price target on shares of UWM in a research note on Tuesday, January 6th. Morgan Stanley set a $6.00 target price on shares of UWM in a research report on Tuesday, December 16th. Zacks Research upgraded shares of UWM from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. Jefferies Financial Group started coverage on UWM in a research note on Friday, December 19th. They issued a “hold” rating and a $5.00 price target for the company. Finally, Barclays upped their price objective on UWM from $6.00 to $7.00 and gave the company an “overweight” rating in a research note on Monday, October 6th.

Insider Buying and Selling

In other UWM news, CEO Ishbia Mat sold 632,874 shares of the stock in a transaction on Friday, December 26th. The shares were sold at an average price of $4.57, for a total transaction of $2,892,234.18. Following the sale, the chief executive officer directly owned 2,245,619 shares of the company’s stock, valued at approximately $10,262,478.83. This represents a 21.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 19,081,161 shares of company stock valued at $100,661,141 over the last three months. Insiders own 94.11% of the company’s stock.

Institutional Investors Weigh In On UWM

A number of institutional investors have recently modified their holdings of UWMC. Choreo LLC raised its position in shares of UWM by 16.1% during the 4th quarter. Choreo LLC now owns 19,017 shares of the company’s stock worth $84,000 after buying an additional 2,637 shares in the last quarter. State of Wyoming raised its holdings in UWM by 24.9% during the third quarter. State of Wyoming now owns 14,552 shares of the company’s stock worth $89,000 after purchasing an additional 2,902 shares in the last quarter. Arizona State Retirement System raised its holdings in UWM by 8.1% during the third 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 lifted its position in UWM by 5,681.9% in 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, GAMMA Investing LLC boosted its stake in UWM by 408.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock valued at $33,000 after purchasing an additional 4,344 shares in the last quarter. Institutional investors own 53.59% of the company’s stock.

UWM Stock Performance

Shares of UWMC opened at $5.78 on Wednesday. UWM has a one year low of $3.80 and a one year high of $7.14. The stock has a 50-day moving average price of $5.22 and a 200 day moving average price of $5.35. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.45 and a quick ratio of 1.45.

UWM (NYSE:UWMC) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.01 earnings per share (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 analysts’ expectations of $651.51 million. UWM had a negative return on equity of 6.81% and a net margin of 0.61%. On average, equities analysts forecast that UWM will post 0.2 earnings per share for the current fiscal year.

UWM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, December 18th. This represents a $0.40 annualized dividend and a yield of 6.9%.

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.