UWM (NYSE:UWMC) Upgraded at UBS Group

UBS Group upgraded shares of UWM (NYSE:UWMC) from a sell rating to a neutral rating in a report released on Wednesday morning, Marketbeat.com reports. The firm currently has $4.50 price target on the stock, down from their prior price target of $4.75.

Several other analysts have also issued reports on UWMC. Wedbush restated a “neutral” rating and issued a $6.50 price objective on shares of UWM in a research note on Monday, March 3rd. Keefe, Bruyette & Woods raised UWM from a “market perform” rating to an “outperform” rating and raised their price target for the company from $6.50 to $7.50 in a report on Monday, March 3rd. Finally, Morgan Stanley decreased their price objective on shares of UWM from $7.50 to $6.50 and set an “equal weight” rating on the stock in a report on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, UWM has a consensus rating of “Hold” and an average price target of $7.21.

UWM Stock Performance

UWMC opened at $4.53 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40. The business’s 50-day simple moving average is $5.72 and its 200 day simple moving average is $6.11. The firm has a market capitalization of $7.23 billion, a PE ratio of -19.67 and a beta of 1.64. UWM has a 52-week low of $4.15 and a 52-week high of $9.74.

UWM (NYSE:UWMC) last issued its earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The company had revenue of $560.21 million for the quarter, compared to analyst estimates of $645.75 million. As a group, sell-side analysts expect that UWM will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 8.84%. The ex-dividend date was Thursday, March 20th. UWM’s dividend payout ratio is 500.00%.

Institutional Trading of UWM

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its position in shares of UWM by 101.8% in the first quarter. GAMMA Investing LLC now owns 5,863 shares of the company’s stock valued at $32,000 after buying an additional 2,958 shares in the last quarter. Orion Portfolio Solutions LLC acquired a new position in UWM in the 3rd quarter valued at $85,000. Sanctuary Advisors LLC bought a new stake in shares of UWM during the 4th quarter valued at $77,000. Townsquare Capital LLC acquired a new stake in shares of UWM during the 4th quarter worth $72,000. Finally, Quantinno Capital Management LP bought a new position in shares of UWM in the third quarter worth $106,000. Institutional investors own 53.59% of the company’s stock.

About UWM

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.