UBS Group AG Increases Holdings in UWM Holdings Corporation $UWMC

UBS Group AG lifted its position in shares of UWM Holdings Corporation (NYSE:UWMC) by 93.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,347,300 shares of the company’s stock after acquiring an additional 1,620,003 shares during the quarter. UBS Group AG owned approximately 0.21% of UWM worth $14,661,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in UWMC. Dynamic Technology Lab Private Ltd bought a new position in shares of UWM during the 1st quarter worth $92,000. Focus Partners Wealth bought a new position in shares of UWM during the 1st quarter worth $55,000. Cetera Investment Advisers grew its stake in shares of UWM by 20.5% during the 2nd quarter. Cetera Investment Advisers now owns 112,961 shares of the company’s stock worth $468,000 after acquiring an additional 19,239 shares during the period. Legal & General Group Plc grew its stake in shares of UWM by 65.9% during the 2nd quarter. Legal & General Group Plc now owns 180,164 shares of the company’s stock worth $746,000 after acquiring an additional 71,555 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of UWM by 18.5% during the 2nd quarter. Rhumbline Advisers now owns 115,501 shares of the company’s stock worth $478,000 after acquiring an additional 18,034 shares during the period. Institutional investors own 53.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UWMC. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $5.50 price target on shares of UWM in a research note on Thursday, May 7th. Zacks Research upgraded UWM from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. BTIG Research restated a “buy” rating and issued a $10.00 target price on shares of UWM in a research note on Tuesday, March 10th. Compass Point began coverage on UWM in a research note on Tuesday, March 10th. They issued a “buy” rating and a $8.50 target price for the company. Finally, Wall Street Zen upgraded UWM from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 28th. 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.com, UWM currently has a consensus rating of “Hold” and a consensus price target of $5.79.

UWM Stock Performance

Shares of UWMC opened at $3.11 on Thursday. The company has a market cap of $4.98 billion, a PE ratio of 11.53 and a beta of 1.78. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 3.13. The stock has a 50-day moving average price of $3.68 and a 200-day moving average price of $4.66. UWM Holdings Corporation has a 12-month low of $3.08 and a 12-month high of $7.14.

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

UWM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date is Thursday, June 18th. UWM’s dividend payout ratio (DPR) is 148.15%.

Insider Activity

In other news, CEO Ishbia Mat sold 1,003,333 shares of UWM stock in a transaction dated Friday, May 8th. The stock was 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 31,271,374 shares of company stock worth $118,745,491. Company insiders own 80.30% of the company’s stock.

UWM Company 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.