UWM Holdings Co. (NYSE:UWMC) has been assigned an average recommendation of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $8.48.
A number of analysts recently commented on UWMC shares. Wedbush raised shares of UWM from a “neutral” rating to an “outperform” rating and decreased their price objective for the stock from $8.75 to $8.00 in a report on Thursday, December 16th. UBS Group started coverage on shares of UWM in a report on Friday, October 15th. They set a “buy” rating and a $8.50 price objective on the stock. Piper Sandler started coverage on shares of UWM in a report on Wednesday, December 15th. They set a “neutral” rating and a $6.50 price objective on the stock. Barclays downgraded shares of UWM from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $9.00 to $7.00 in a report on Monday. Finally, Zacks Investment Research raised shares of UWM from a “hold” rating to a “buy” rating and set a $6.75 price objective on the stock in a report on Friday.
Shares of NYSE:UWMC traded down $0.21 during midday trading on Friday, hitting $5.72. The stock had a trading volume of 2,071,307 shares, compared to its average volume of 1,952,001. The stock has a 50 day moving average price of $6.49 and a two-hundred day moving average price of $7.10. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.52. UWM has a 1 year low of $5.41 and a 1 year high of $12.85.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 6th. Shareholders of record on Friday, December 10th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date was Thursday, December 9th.
A number of institutional investors and hedge funds have recently made changes to their positions in UWMC. Captrust Financial Advisors acquired a new position in shares of UWM in the third quarter valued at approximately $32,000. Legal & General Group Plc acquired a new position in shares of UWM in the second quarter valued at approximately $69,000. Private Advisor Group LLC acquired a new position in shares of UWM in the third quarter valued at approximately $73,000. DDD Partners LLC acquired a new position in shares of UWM in the third quarter valued at approximately $80,000. Finally, Royal Bank of Canada raised its position in shares of UWM by 60.9% in the third quarter. Royal Bank of Canada now owns 11,944 shares of the company’s stock valued at $82,000 after buying an additional 4,519 shares during the last quarter. Institutional investors own 26.73% of the company’s stock.
UWM Company Profile
UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates mortgage loans through wholesale channel. It originates primarily conforming and government loans. The company was founded in 1986 and is headquartered in Pontiac, Michigan.
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