Vanguard Group Inc. Has $83.04 Million Stock Holdings in UWM Holdings Corporation $UWMC

Vanguard Group Inc. increased its holdings in shares of UWM Holdings Corporation (NYSE:UWMC) by 9.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,959,442 shares of the company’s stock after purchasing an additional 1,676,754 shares during the period. Vanguard Group Inc.’s holdings in UWM were worth $83,042,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in UWMC. Dynamic Technology Lab Private Ltd acquired a new position in shares of UWM during the 1st quarter worth about $92,000. Focus Partners Wealth acquired a new position in shares of UWM during the 1st quarter worth about $55,000. Cetera Investment Advisers lifted its position 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 purchasing an additional 19,239 shares during the last quarter. Legal & General Group Plc lifted its position 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 purchasing an additional 71,555 shares during the last quarter. Finally, Rhumbline Advisers lifted its position 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 purchasing an additional 18,034 shares during the last quarter. Institutional investors and hedge funds own 53.59% of the company’s stock.

Insider Buying and Selling at UWM

In other news, CEO Ishbia Mat sold 1,003,333 shares of the company’s 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 document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 31,271,374 shares of company stock valued at $118,745,491. Corporate insiders own 80.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Morgan Stanley set a $5.00 price objective on UWM in a research report on Thursday, May 7th. Barclays lowered their price target on UWM from $6.00 to $5.00 and set an “overweight” rating on the stock in a research note on Monday, April 6th. Weiss Ratings upgraded UWM from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $5.50 price target on shares of UWM in a research note on Thursday, May 7th. Finally, Compass Point started coverage on UWM in a research note on Tuesday, March 10th. They set a “buy” rating and a $8.50 price target on the stock. Three investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.79.

UWM Trading Down 4.2%

Shares of UWMC opened at $3.11 on Thursday. UWM Holdings Corporation has a 12-month low of $3.08 and a 12-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 firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 11.53 and a beta of 1.78. The stock’s 50-day moving average price is $3.68 and its 200 day moving average price is $4.66.

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 the consensus estimate of $0.06 by $0.03. UWM had a return on equity of 19.01% and a net margin of 1.92%.The firm had revenue of $901.43 million for the quarter, compared to analyst estimates of $709.85 million. As a group, research analysts predict that UWM Holdings Corporation will post 0.38 earnings per share for the current year.

UWM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 12.8%. The ex-dividend date is Thursday, June 18th. UWM’s dividend payout ratio is currently 148.15%.

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.