UWM (NYSE:UWMC) Price Target Increased to $6.00 by Analysts at Barclays

UWM (NYSE:UWMC) had its price objective boosted by Barclays from $5.00 to $6.00 in a report published on Tuesday, Benzinga reports. The firm currently has an underweight rating on the stock.

Several other analysts also recently commented on UWMC. Wedbush reaffirmed a neutral rating and set a $7.00 price objective on shares of UWM in a research note on Friday, May 17th. Keefe, Bruyette & Woods reaffirmed a market perform rating and set a $7.00 price objective (up previously from $6.00) on shares of UWM in a research note on Friday, May 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, UWM presently has a consensus rating of Hold and a consensus price target of $5.94.

UWM Stock Up 2.7 %

Shares of UWMC opened at $7.67 on Tuesday. The firm has a market capitalization of $732.62 million, a price-to-earnings ratio of 255.50 and a beta of 1.64. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.58 and a current ratio of 1.58. The business’s fifty day moving average price is $7.17 and its two-hundred day moving average price is $6.85. UWM has a 52 week low of $4.49 and a 52 week high of $7.78.

UWM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 11th. Shareholders of record on Thursday, June 20th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, June 20th. This represents a $0.40 dividend on an annualized basis and a yield of 5.22%. UWM’s dividend payout ratio (DPR) is currently 1,333.33%.

Hedge Funds Weigh In On UWM

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of UWM by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 8,842,460 shares of the company’s stock worth $42,886,000 after acquiring an additional 28,071 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of UWM by 4.0% in the 4th quarter. Victory Capital Management Inc. now owns 2,126,166 shares of the company’s stock worth $15,202,000 after acquiring an additional 81,799 shares during the last quarter. Azora Capital LP acquired a new stake in shares of UWM in the 4th quarter worth about $6,705,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of UWM by 3.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 287,135 shares of the company’s stock worth $2,085,000 after acquiring an additional 9,555 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of UWM by 1,743.3% in the 2nd quarter. SG Americas Securities LLC now owns 239,830 shares of the company’s stock worth $1,662,000 after acquiring an additional 226,819 shares during the last quarter. Institutional investors and hedge funds own 53.59% of the company’s stock.

UWM Company 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.