Blue Trust Inc. Buys 17,545 Shares of UWM Holdings Co. (NYSE:UWMC)

Blue Trust Inc. grew its stake in UWM Holdings Co. (NYSE:UWMC) by 106.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,995 shares of the company’s stock after purchasing an additional 17,545 shares during the period. Blue Trust Inc.’s holdings in UWM were worth $290,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Partners LLC purchased a new position in shares of UWM during the 1st quarter worth about $29,000. Atlas Capital Advisors LLC boosted its position in shares of UWM by 190.5% during the first quarter. Atlas Capital Advisors LLC now owns 5,046 shares of the company’s stock valued at $37,000 after buying an additional 3,309 shares during the period. CWM LLC grew its stake in shares of UWM by 96.4% during the second quarter. CWM LLC now owns 6,471 shares of the company’s stock valued at $45,000 after buying an additional 3,177 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of UWM in the second quarter worth approximately $52,000. Finally, SageView Advisory Group LLC bought a new stake in shares of UWM during the 1st quarter worth approximately $55,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.

UWM Trading Up 1.5 %

NYSE UWMC opened at $6.69 on Friday. The company’s 50-day simple moving average is $8.44 and its two-hundred day simple moving average is $7.67. UWM Holdings Co. has a one year low of $4.77 and a one year high of $9.74. The company has a market capitalization of $639.42 million, a price-to-earnings ratio of 223.00 and a beta of 1.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.48 and a current ratio of 1.48.

UWM (NYSE:UWMC) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). The company had revenue of $507.09 million for the quarter, compared to the consensus estimate of $540.31 million. During the same quarter last year, the firm posted $0.11 earnings per share. Equities analysts forecast that UWM Holdings Co. will post 0.26 EPS for the current fiscal year.

UWM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 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 5.98%. The ex-dividend date of this dividend was Thursday, September 19th. UWM’s dividend payout ratio (DPR) is currently 1,333.33%.

Wall Street Analyst Weigh In

Several equities analysts have commented on UWMC shares. The Goldman Sachs Group upped their price objective on UWM from $7.50 to $8.50 and gave the company a “neutral” rating in a research report on Thursday, August 8th. UBS Group raised their price target on shares of UWM from $4.50 to $4.75 and gave the stock a “sell” rating in a research note on Thursday, September 5th. Wedbush lifted their price objective on shares of UWM from $7.00 to $8.50 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods upped their target price on shares of UWM from $7.00 to $8.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. Finally, BTIG Research lifted their price target on shares of UWM from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, UWM currently has a consensus rating of “Hold” and a consensus target price of $7.68.

Insider Buying and Selling

In other news, CEO Ishbia Mat sold 1,200,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $8.45, for a total value of $10,140,000.00. Following the sale, the chief executive officer now directly owns 171,520 shares in the company, valued at approximately $1,449,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 94.11% of the stock is currently owned by company insiders.

UWM Profile

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.