UWM Holdings Corporation (NYSE:UWMC) Receives $6.49 Consensus PT from Brokerages

UWM Holdings Corporation (NYSE:UWMC) has earned an average recommendation of “Hold” from the ten research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $6.4875.

UWMC has been the subject of several research analyst reports. Jefferies Financial Group set a $4.40 price objective on UWM in a report on Wednesday, February 25th. Wall Street Zen upgraded UWM from a “strong sell” rating to a “hold” rating in a report on Saturday, February 28th. BTIG Research reaffirmed a “buy” rating and issued a $10.00 price target on shares of UWM in a research note on Tuesday, March 10th. The Goldman Sachs Group set a $5.00 price target on shares of UWM in a report on Tuesday, January 6th. Finally, Compass Point started coverage on shares of UWM in a research report on Tuesday, March 10th. They set a “buy” rating and a $8.50 price objective on the stock.

Insider Transactions at UWM

In related news, CEO Ishbia Mat sold 1,000,574 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $3.70, for a total value of $3,702,123.80. Following the completion of the transaction, the chief executive officer directly owned 11,335,023 shares of the company’s stock, valued at $41,939,585.10. This represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 21,839,848 shares of company stock valued at $102,936,501 over the last ninety days. 87.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP lifted its stake in shares of UWM by 5,681.9% in the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after purchasing an additional 4,091 shares during the period. GAMMA Investing LLC grew its stake in UWM by 408.7% in the third quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock worth $33,000 after purchasing an additional 4,344 shares during the period. Advisory Services Network LLC bought a new position in UWM in the third quarter worth $38,000. Raymond James Financial Inc. bought a new position in UWM in the second quarter worth $35,000. Finally, Farther Finance Advisors LLC lifted its position in UWM by 1,410.7% during the fourth quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock valued at $38,000 after buying an additional 8,027 shares during the period. Hedge funds and other institutional investors own 53.59% of the company’s stock.

UWM Stock Performance

Shares of NYSE:UWMC opened at $3.69 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.64. The company has a 50-day moving average price of $4.83 and a 200-day moving average price of $5.30. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 61.42 and a beta of 1.90. UWM has a 12 month low of $3.59 and a 12 month high of $7.14.

UWM (NYSE:UWMC) last posted its earnings results on Wednesday, February 25th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). UWM had a negative return on equity of 1.35% and a net margin of 0.87%.The business had revenue of $945.25 million during the quarter, compared to the consensus estimate of $759.12 million. As a group, equities analysts anticipate that UWM will post 0.2 EPS for the current year.

UWM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 19th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, March 19th. This represents a $0.40 annualized dividend and a dividend yield of 10.9%. UWM’s payout ratio is currently 666.67%.

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.