UWM Holdings Corporation (NYSE:UWMC) Receives $6.53 Average PT from Analysts

Shares of UWM Holdings Corporation (NYSE:UWMC) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $6.5313.

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their target price on shares of UWM from $6.50 to $6.75 and gave the company a “market perform” rating in a report on Thursday, December 18th. Jefferies Financial Group assumed coverage on shares of UWM in a research report on Friday, December 19th. They issued a “hold” rating and a $5.00 price objective on the stock. Morgan Stanley set a $6.00 price objective on shares of UWM in a research report on Tuesday, December 16th. Wall Street Zen downgraded shares of UWM from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 15th. Finally, UBS Group raised their price target on UWM from $5.50 to $6.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th.

UWM Trading Down 0.5%

UWMC stock opened at $4.78 on Friday. The business’s 50-day moving average is $5.06 and its two-hundred day moving average is $5.45. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.40. UWM has a 1 year low of $3.80 and a 1 year high of $7.14.

Insiders Place Their Bets

In related news, CEO Ishbia Mat sold 632,874 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $4.88, for a total value of $3,088,425.12. Following the completion of the transaction, the chief executive officer directly owned 7,127,903 shares of the company’s stock, valued at $34,784,166.64. This represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 20,079,215 shares of company stock worth $104,544,269 in the last three months. 87.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Oak Thistle LLC purchased a new stake in UWM during the third quarter worth $1,337,000. Hsbc Holdings PLC acquired a new position in shares of UWM during the 2nd quarter worth $792,000. AGF Management Ltd. purchased a new stake in shares of UWM in the 2nd quarter worth about $3,072,000. 683 Capital Management LLC acquired a new stake in UWM in the 2nd quarter valued at about $19,872,000. Finally, Capital Fund Management S.A. grew its stake in UWM by 260.9% in the 2nd quarter. Capital Fund Management S.A. now owns 573,583 shares of the company’s stock valued at $2,375,000 after acquiring an additional 414,667 shares during the last quarter. Institutional investors and hedge funds own 53.59% of the company’s stock.

UWM Company Profile

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.