Integrated Investment Consultants LLC Has $858,000 Holdings in UWM Holdings Co. (NYSE:UWMC)

Integrated Investment Consultants LLC boosted its holdings in shares of UWM Holdings Co. (NYSE:UWMC) by 7.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,688 shares of the company’s stock after purchasing an additional 7,334 shares during the period. Integrated Investment Consultants LLC owned 0.11% of UWM worth $858,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in UWM by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 57,948 shares of the company’s stock valued at $421,000 after purchasing an additional 3,207 shares in the last quarter. Squarepoint Ops LLC increased its holdings in UWM by 24.5% during the 2nd quarter. Squarepoint Ops LLC now owns 342,322 shares of the company’s stock valued at $2,372,000 after purchasing an additional 67,383 shares in the last quarter. Quadrature Capital Ltd increased its holdings in UWM by 124.3% during the 1st quarter. Quadrature Capital Ltd now owns 54,778 shares of the company’s stock valued at $397,000 after purchasing an additional 30,361 shares in the last quarter. SG Americas Securities LLC increased its stake 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 valued at $1,662,000 after buying an additional 226,819 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of UWM by 13.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,712,900 shares of the company’s stock valued at $11,870,000 after buying an additional 199,900 shares during the period. 53.59% of the stock is owned by institutional investors and hedge funds.

UWM Trading Down 0.7 %

Shares of NYSE:UWMC opened at $6.03 on Friday. The business has a 50 day moving average of $7.23 and a 200-day moving average of $7.65. 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 Holdings Co. has a 12-month low of $5.42 and a 12-month high of $9.74. The stock has a market cap of $9.63 billion, a PE ratio of -26.21 and a beta of 1.67.

UWM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 19th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, December 19th. This represents a $0.40 annualized dividend and a dividend yield of 6.64%. UWM’s dividend payout ratio (DPR) is presently -173.91%.

Analyst Ratings Changes

UWMC has been the subject of several research reports. UBS Group lifted their target price on UWM from $4.50 to $4.75 and gave the company a “sell” rating in a research note on Thursday, September 5th. Wedbush raised their price target on UWM from $7.00 to $8.50 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. BTIG Research lifted their target price on UWM from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. The Goldman Sachs Group reduced their target price on UWM from $8.50 to $7.50 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Finally, Morgan Stanley began coverage on UWM in a report on Tuesday, November 5th. They set an “equal weight” rating and a $7.50 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.53.

Insider Transactions at UWM

In other news, CEO Ishbia Mat sold 5,000,000 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $9.11, for a total transaction of $45,550,000.00. Following the completion of the transaction, the chief executive officer now directly owns 171,520 shares in the company, valued at approximately $1,562,547.20. This represents a 96.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 94.11% 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.