Secure Asset Management LLC Buys Shares of 20,339 UWM Holdings Co. (NYSE:UWMC)

Secure Asset Management LLC purchased a new position in UWM Holdings Co. (NYSE:UWMC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 20,339 shares of the company’s stock, valued at approximately $119,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV raised its stake in UWM by 8.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 24,757 shares of the company’s stock valued at $168,000 after purchasing an additional 1,991 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of UWM in the second quarter valued at approximately $85,000. Xponance Inc. purchased a new position in shares of UWM during the second quarter valued at approximately $76,000. Squarepoint Ops LLC boosted its position in UWM by 24.5% during the second quarter. Squarepoint Ops LLC now owns 342,322 shares of the company’s stock worth $2,372,000 after acquiring an additional 67,383 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in UWM by 203.7% in the 2nd quarter. AQR Capital Management LLC now owns 258,883 shares of the company’s stock worth $1,784,000 after acquiring an additional 173,652 shares during the period. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on UWMC. The Goldman Sachs Group reduced their price target on UWM from $8.50 to $7.50 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Keefe, Bruyette & Woods decreased their price target on UWM from $7.00 to $6.50 and set a “market perform” rating on the stock in a research note on Friday, January 3rd. Morgan Stanley dropped their price objective on shares of UWM from $7.50 to $6.50 and set an “equal weight” rating for the company in a research note on Thursday, December 19th. Finally, Barclays raised shares of UWM from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $6.00 to $8.00 in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.39.

UWM Trading Down 0.4 %

NYSE UWMC opened at $6.15 on Friday. The company’s fifty day moving average price is $6.03 and its two-hundred day moving average price is $7.29. The company has a market capitalization of $9.82 billion, a price-to-earnings ratio of -26.72 and a beta of 1.66. UWM Holdings Co. has a 12 month low of $5.31 and a 12 month high of $9.74. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40.

UWM (NYSE:UWMC) last issued its earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.07). The firm had revenue of $526.43 million during the quarter, compared to the consensus estimate of $517.02 million. During the same period last year, the firm posted $0.29 EPS. As a group, research analysts predict that UWM Holdings Co. will post 0.2 earnings per share for the current fiscal year.

UWM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 19th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 6.51%. The ex-dividend date was Thursday, December 19th. UWM’s dividend payout ratio (DPR) is presently -173.91%.

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.