Northern Trust Corp Has $17.53 Million Stock Holdings in UWM Holdings Co. (NYSE:UWMC)

Northern Trust Corp lessened its holdings in UWM Holdings Co. (NYSE:UWMC) by 30.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,985,910 shares of the company’s stock after selling 1,325,448 shares during the quarter. Northern Trust Corp’s holdings in UWM were worth $17,527,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UWMC. Tudor Investment Corp ET AL boosted its holdings in shares of UWM by 19.0% in the 4th quarter. Tudor Investment Corp ET AL now owns 241,401 shares of the company’s stock worth $1,417,000 after acquiring an additional 38,480 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in shares of UWM in the 4th quarter worth approximately $1,095,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of UWM in the 4th quarter worth approximately $2,085,000. Two Sigma Securities LLC grew its stake in shares of UWM by 130.8% during the fourth quarter. Two Sigma Securities LLC now owns 33,465 shares of the company’s stock valued at $196,000 after purchasing an additional 18,965 shares during the last quarter. Finally, Nebula Research & Development LLC bought a new stake in shares of UWM during the fourth quarter valued at approximately $532,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on UWMC shares. UBS Group raised shares of UWM from a “sell” rating to a “neutral” rating and decreased their price target for the company from $4.75 to $4.50 in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods decreased their price target on shares of UWM from $7.50 to $6.50 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. The Goldman Sachs Group decreased their price target on shares of UWM from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Finally, Wedbush reissued a “neutral” rating and set a $6.50 price target on shares of UWM in a research note on Monday, March 3rd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.86.

UWM Trading Down 4.0%

UWMC opened at $4.07 on Thursday. The firm’s fifty day moving average is $5.01 and its two-hundred day moving average is $5.76. 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 firm has a market cap of $6.51 billion, a PE ratio of -17.70 and a beta of 1.75. UWM Holdings Co. has a twelve month low of $4.00 and a twelve month high of $9.74.

UWM (NYSE:UWMC) last posted its earnings results on Tuesday, May 6th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.29). The business had revenue of $613.37 million for the quarter, compared to the consensus estimate of $558.80 million. Equities research analysts anticipate that UWM Holdings Co. will post 0.2 EPS for the current year.

UWM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be given a $0.10 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.40 annualized dividend and a yield of 9.83%. UWM’s dividend payout ratio is currently -307.69%.

UWM Profile

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.