UWM Holdings Co. (NYSE:UWMC) Position Lessened by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC decreased its holdings in UWM Holdings Co. (NYSE:UWMCFree Report) by 0.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,590,891 shares of the company’s stock after selling 1,677 shares during the quarter. UWM comprises approximately 4.3% of Integrated Investment Consultants LLC’s portfolio, making the stock its 3rd biggest position. Integrated Investment Consultants LLC owned 3.83% of UWM worth $25,675,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of UWM in the 3rd quarter worth about $32,000. Point72 Hong Kong Ltd bought a new position in shares of UWM in the 2nd quarter worth about $26,000. Comerica Bank bought a new position in shares of UWM in the 3rd quarter worth about $40,000. Captrust Financial Advisors increased its stake in shares of UWM by 220.9% in the 2nd quarter. Captrust Financial Advisors now owns 9,589 shares of the company’s stock worth $34,000 after acquiring an additional 6,601 shares in the last quarter. Finally, First Republic Investment Management Inc. bought a new position in shares of UWM in the 2nd quarter worth about $35,000. 53.59% of the stock is currently owned by institutional investors.

UWM Trading Up 1.7 %

UWMC opened at $6.10 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.86 and a quick ratio of 1.86. The company’s 50 day moving average is $6.80 and its 200 day moving average is $6.13. UWM Holdings Co. has a 12-month low of $4.49 and a 12-month high of $7.75.

UWM (NYSE:UWMCGet Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.26). The business had revenue of ($114.58) million during the quarter, compared to analysts’ expectations of $402.14 million. UWM had a return on equity of 2.45% and a net margin of 0.79%. As a group, equities analysts expect that UWM Holdings Co. will post 0.31 earnings per share for the current fiscal year.

UWM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Wednesday, March 20th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 6.56%. The ex-dividend date is Tuesday, March 19th. UWM’s dividend payout ratio is currently -210.53%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on UWMC shares. Keefe, Bruyette & Woods lowered shares of UWM from a “market perform” rating to an “underperform” rating and set a $6.00 price target for the company. in a research note on Wednesday, January 10th. UBS Group restated a “sell” rating and set a $4.00 price objective on shares of UWM in a research note on Wednesday, December 6th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of UWM in a research note on Wednesday, January 10th. They set a “hold” rating and a $6.00 price objective for the company. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.59.

Check Out Our Latest Report on UWMC

UWM Profile

(Free Report)

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.

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Institutional Ownership by Quarter for UWM (NYSE:UWMC)

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