US Capital Wealth Advisors LLC cut its position in UWM Holdings (NYSE: UWMC – Get Rating) by 40.0% in the fourth quarter, according to the latest 13F file filed with the Securities and Exchange Commission. The institutional investor owned 230,179 shares in the company after selling 153,452 of his shares during the quarter. US Capital Wealth Advisors LLC owned approximately 0.25% of his UWM worth $762,000 at the end of the most recent quarter.
Numerous other institutional investors have increased or decreased their stakes in UWMC. Point72 Hong Kong Ltd bought a new stake in his UWM worth about $26,000 in the second quarter. Quent Capital LLC purchased new shares in his UWM worth approximately $27,000 in the fourth quarter. Captrust Financial Advisors said he increased his UWM holdings by 220.9% in the second quarter. After Captrust Financial Advisors purchased an additional 6,601 shares of him last quarter, he now owns 9,589 shares of the company worth $34,000. First Republic Investment Management Inc. bought a new stake in his UWM worth about $35,000 in the second quarter. Finally, Orion Portfolio Solutions LLC purchased new shares in his UWM worth approximately $41,000 in the third quarter. 37.73% of the shares are owned by hedge funds and other institutional investors.
Analyst Rating Change
UWMC has been the subject of many research analyst reports. Goldman Sachs Group Inc. raised its price target on UWM shares from his $3.30 to his $3.75, giving the company a “neutral” rating in a report on Thursday, March 2. Barclays raised its price target on UWM shares from $2.50 to $3.00 in its report on Monday, January 9th. JMP Securities raised its price target on UWM stock from $5.00 to $5.50, giving the company an “above the market” rating in its report on Thursday, March 2nd. Keefe, Bruyette & Woods upgraded UWM’s stock from ‘underperforming’ to ‘market performing’ and raised its price target from $3.50 to $4.00 in a report on Thursday, March 2nd. Finally, Credit Suisse Group reissued a ‘underperforming’ rating and set a $3.50 price target on UWM shares in its Thursday, March 2 report. Three equity research analysts gave the stock a sell rating, four gave a hold rating, and one gave a buy rating. Based on MarketBeat.com data, UWM has an average rating of “pending” and a consensus target price of $3.91.
UWM stock up 0.5%
UWMC shares opened at $5.55 on Wednesday. The company has a market capitalization of $516.71 million, a PE ratio of 13.54 and a beta of 1.46. His 50-day moving average for this business is $4.81 and his 200-day moving average is $4.23. UWM Holdings Co. has a 52-week low of $2.84 and a 52-week high of $5.58. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt to equity ratio of 0.88.
UWM Announces Dividend
The business recently announced a quarterly dividend, which was paid on Tuesday, April 11th. Investors of record on Friday, March 10 were awarded a dividend of $0.10. The ex-dividend date for this dividend was Thursday, March 9. This represents his $0.40 dividend and his 7.21% yield on an annual basis. UWM’s payout ratio is currently 97.56%.
UWM Holdings Corporation is a mortgage lending business in the United States. The company originates mortgage loans through wholesale channels. It primarily originates conformity and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.
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