Brandes Investment Partners LP Takes $45.87 Million Position in UWM Holdings Corporation $UWMC

Brandes Investment Partners LP purchased a new stake in shares of UWM Holdings Corporation (NYSE:UWMC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,471,859 shares of the company’s stock, valued at approximately $45,867,000. Brandes Investment Partners LP owned approximately 0.65% of UWM at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of UWM by 9.7% during the fourth quarter. Vanguard Group Inc. now owns 18,959,442 shares of the company’s stock valued at $83,042,000 after acquiring an additional 1,676,754 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of UWM by 116.6% during the second quarter. Balyasny Asset Management L.P. now owns 5,991,072 shares of the company’s stock valued at $24,803,000 after acquiring an additional 3,224,806 shares in the last quarter. Integrated Investment Consultants LLC purchased a new stake in shares of UWM during the third quarter valued at $32,630,000. Bank of America Corp DE boosted its position in shares of UWM by 40.5% during the third quarter. Bank of America Corp DE now owns 5,279,523 shares of the company’s stock valued at $32,152,000 after buying an additional 1,520,923 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of UWM by 165.5% during the third quarter. Two Sigma Investments LP now owns 4,988,898 shares of the company’s stock valued at $30,382,000 after buying an additional 3,109,591 shares during the last quarter. 53.59% of the stock is currently owned by institutional investors.

UWM Stock Down 2.7%

UWMC stock opened at $2.49 on Wednesday. UWM Holdings Corporation has a twelve month low of $2.44 and a twelve month high of $7.14. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 3.13. The stock has a market cap of $3.99 billion, a P/E ratio of 9.23 and a beta of 1.72. The business’s 50-day moving average price is $3.36 and its 200-day moving average price is $4.32.

UWM (NYSE:UWMC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. UWM had a return on equity of 19.01% and a net margin of 1.92%.The company had revenue of $901.43 million for the quarter, compared to analysts’ expectations of $709.85 million. On average, equities research analysts forecast that UWM Holdings Corporation will post 0.38 EPS for the current year.

UWM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a yield of 16.1%. UWM’s payout ratio is presently 148.15%.

Insider Transactions at UWM

In other UWM news, CEO Ishbia Mat sold 1,003,333 shares of UWM stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $3.39, for a total value of $3,401,298.87. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 25,575,508 shares of company stock valued at $93,943,159. Insiders own 80.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UWMC. Jefferies Financial Group set a $4.40 price objective on UWM in a research report on Wednesday, February 25th. Stephens began coverage on UWM in a research report on Friday, April 24th. They set an “equal weight” rating and a $4.00 price objective on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of UWM in a research report on Friday. BTIG Research reissued a “buy” rating and issued a $10.00 target price on shares of UWM in a research report on Tuesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $5.50 target price on shares of UWM in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.79.

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.