BNP Paribas Financial Markets Boosts Stake in UWM Holdings Corporation $UWMC

BNP Paribas Financial Markets lifted its position in shares of UWM Holdings Corporation (NYSE:UWMC) by 122.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,029,452 shares of the company’s stock after acquiring an additional 2,220,036 shares during the quarter. BNP Paribas Financial Markets’ holdings in UWM were worth $17,649,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Allworth Financial LP boosted its stake in shares of UWM by 5,681.9% during the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock worth $25,000 after acquiring an additional 4,091 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of UWM during the 2nd quarter worth about $35,000. Farther Finance Advisors LLC raised its position in shares of UWM by 1,410.7% during the 4th quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock worth $38,000 after purchasing an additional 8,027 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of UWM during the 3rd quarter worth about $38,000. Finally, Quent Long Short Global Small Cap Fund LP acquired a new position in shares of UWM during the 4th quarter worth about $44,000. 53.59% of the stock is owned by hedge funds and other institutional investors.

UWM Stock Down 1.7%

UWMC stock opened at $2.58 on Friday. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 9.54 and a beta of 1.72. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 3.13. UWM Holdings Corporation has a 12 month low of $2.57 and a 12 month high of $7.14. The firm has a 50-day moving average of $3.40 and a two-hundred day moving average of $4.36.

UWM (NYSE:UWMC) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $901.43 million during the quarter, compared to the consensus estimate of $709.85 million. UWM had a net margin of 1.92% and a return on equity of 19.01%. As a group, analysts forecast that UWM Holdings Corporation will post 0.38 earnings per share for the current fiscal year.

UWM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 15.5%. UWM’s dividend payout ratio (DPR) is currently 148.15%.

Analysts Set New Price Targets

UWMC has been the subject of several research analyst reports. Compass Point initiated coverage on shares of UWM in a research report on Tuesday, March 10th. They set a “buy” rating and a $8.50 price target for the company. Morgan Stanley set a $5.00 price target on shares of UWM in a research report on Thursday, May 7th. Stephens initiated coverage on shares of UWM in a research report on Friday, April 24th. They set an “equal weight” rating and a $4.00 price target for the company. Argus upgraded shares of UWM to a “hold” rating in a research report on Tuesday, March 31st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $5.50 price target on shares of UWM in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, UWM has a consensus rating of “Hold” and an average price target of $5.79.

Insider Activity

In other news, CEO Ishbia Mat sold 1,003,333 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $3.39, for a total transaction of $3,401,298.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 26,841,256 shares of company stock worth $98,809,960. 80.30% of the stock is owned by company insiders.

UWM Profile

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.