Brokerages Set UWM Holdings Co. (NYSE:UWMC) Target Price at $5.94

UWM Holdings Co. (NYSE:UWMC) has been assigned a consensus rating of “Reduce” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $5.94.

Several research analysts have recently issued reports on the company. Barclays upped their price objective on UWM from $5.00 to $6.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 9th. Wedbush reiterated a “neutral” rating and issued a $7.00 price target on shares of UWM in a research note on Friday, May 17th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $7.00 price objective (up previously from $6.00) on shares of UWM in a report on Friday, May 10th.

UWM Price Performance

UWM stock opened at $7.61 on Friday. The stock has a market cap of $726.89 million, a P/E ratio of 253.50 and a beta of 1.64. The company has a fifty day simple moving average of $7.28 and a 200-day simple moving average of $6.90. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.90. UWM has a 12-month low of $4.49 and a 12-month high of $8.34.

UWM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 11th. Investors of record on Thursday, June 20th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $0.40 annualized dividend and a yield of 5.26%. UWM’s dividend payout ratio (DPR) is 1,333.33%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. ORG Partners LLC purchased a new position in shares of UWM during the first quarter worth about $29,000. Atlas Capital Advisors LLC grew its stake in shares of UWM by 190.5% in the 1st quarter. Atlas Capital Advisors LLC now owns 5,046 shares of the company’s stock valued at $37,000 after purchasing an additional 3,309 shares during the last quarter. CWM LLC raised its stake in shares of UWM by 96.4% during the second quarter. CWM LLC now owns 6,471 shares of the company’s stock worth $45,000 after purchasing an additional 3,177 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of UWM by 63.1% during the fourth quarter. Quadrant Capital Group LLC now owns 7,633 shares of the company’s stock worth $55,000 after purchasing an additional 2,952 shares during the period. Finally, SageView Advisory Group LLC purchased a new position in UWM in the 1st quarter valued at $55,000. 53.59% of the stock is owned by hedge funds and other institutional investors.

UWM Company 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.