Analysts Set UWM Holdings Co. (NYSE:UWMC) Price Target at $7.39

Shares of UWM Holdings Co. (NYSE:UWMCGet Free Report) have earned an average rating of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $7.39.

A number of research analysts have recently commented on UWMC shares. Keefe, Bruyette & Woods reduced their price target on shares of UWM from $7.00 to $6.50 and set a “market perform” rating for the company in a research report on Friday, January 3rd. Morgan Stanley dropped their price target on UWM from $7.50 to $6.50 and set an “equal weight” rating for the company in a research report on Thursday, December 19th. Barclays raised shares of UWM from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $6.00 to $8.00 in a research note on Tuesday, October 8th. Finally, The Goldman Sachs Group cut their price target on shares of UWM from $8.50 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, November 14th.

View Our Latest Stock Report on UWM

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UWMC. Xponance Inc. bought a new stake in UWM in the second quarter worth $76,000. Intech Investment Management LLC bought a new position in shares of UWM in the second quarter worth approximately $85,000. Orion Portfolio Solutions LLC purchased a new stake in shares of UWM during the third quarter valued at approximately $85,000. Frank Rimerman Advisors LLC purchased a new position in UWM in the 2nd quarter worth approximately $93,000. Finally, LJI Wealth Management LLC bought a new position in UWM in the 2nd quarter valued at approximately $105,000. Institutional investors own 53.59% of the company’s stock.

UWM Trading Down 0.7 %

Shares of UWM stock opened at $5.42 on Friday. The company’s 50-day moving average price is $6.04 and its 200-day moving average price is $7.34. The company has a market cap of $8.66 billion, a price-to-earnings ratio of -23.57 and a beta of 1.66. UWM has a 12-month low of $5.31 and a 12-month high of $9.74. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06.

UWM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 19th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date of this dividend was Thursday, December 19th. UWM’s dividend payout ratio (DPR) is presently -173.91%.

UWM Company Profile

(Get Free Report

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.

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Analyst Recommendations for UWM (NYSE:UWMC)

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