XTX Topco Ltd Acquires New Shares in UWM Holdings Co. (NYSE:UWMC)

XTX Topco Ltd bought a new position in shares of UWM Holdings Co. (NYSE:UWMC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 113,109 shares of the company’s stock, valued at approximately $664,000.

Several other large investors also recently bought and sold shares of the company. State Street Corp boosted its position in shares of UWM by 5.0% in the 3rd quarter. State Street Corp now owns 1,592,084 shares of the company’s stock worth $13,723,000 after buying an additional 76,221 shares in the last quarter. Orion Portfolio Solutions LLC acquired a new position in UWM during the third quarter worth about $85,000. Barclays PLC lifted its holdings in shares of UWM by 485.7% in the third quarter. Barclays PLC now owns 26,022 shares of the company’s stock valued at $221,000 after purchasing an additional 21,579 shares in the last quarter. Geode Capital Management LLC grew its position in shares of UWM by 2.7% in the third quarter. Geode Capital Management LLC now owns 1,546,818 shares of the company’s stock valued at $13,183,000 after purchasing an additional 41,206 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of UWM during the 3rd quarter worth approximately $239,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on UWMC. UBS Group raised UWM from a “sell” rating to a “neutral” rating and reduced their target price for the company from $4.75 to $4.50 in a research note on Wednesday. Wedbush restated a “neutral” rating and issued a $6.50 price objective on shares of UWM in a research report on Monday, March 3rd. Finally, Keefe, Bruyette & Woods upgraded UWM from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $6.50 to $7.50 in a research report on Monday, March 3rd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $7.21.

UWM Price Performance

Shares of NYSE:UWMC opened at $4.53 on Friday. The business has a fifty day simple moving average of $5.72 and a 200-day simple moving average of $6.11. UWM Holdings Co. has a 52 week low of $4.15 and a 52 week high of $9.74. The company has a market cap of $7.23 billion, a P/E ratio of -19.67 and a beta of 1.64. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06.

UWM (NYSE:UWMC) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The firm had revenue of $560.21 million for the quarter, compared to the consensus estimate of $645.75 million. Equities research analysts forecast that UWM Holdings Co. will post 0.2 EPS for the current year.

UWM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 8.84%. The ex-dividend date was Thursday, March 20th. UWM’s dividend payout ratio is currently 500.00%.

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.