SageView Advisory Group LLC Purchases Shares of 7,607 UWM Holdings Co. (NYSE:UWMC)

SageView Advisory Group LLC purchased a new stake in UWM Holdings Co. (NYSE:UWMC) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,607 shares of the company’s stock, valued at approximately $55,000.

Other institutional investors also recently modified their holdings of the company. ORG Partners LLC bought a new position in shares of UWM in the first quarter valued at $29,000. Atlas Capital Advisors LLC raised its stake in UWM by 190.5% during the 1st quarter. Atlas Capital Advisors LLC now owns 5,046 shares of the company’s stock valued at $37,000 after purchasing an additional 3,309 shares during the period. Quadrant Capital Group LLC raised its stake in UWM by 63.1% during the 4th quarter. Quadrant Capital Group LLC now owns 7,633 shares of the company’s stock valued at $55,000 after purchasing an additional 2,952 shares during the period. Parallel Advisors LLC raised its stake in UWM by 44.3% during the 4th quarter. Parallel Advisors LLC now owns 9,820 shares of the company’s stock valued at $70,000 after purchasing an additional 3,014 shares during the period. Finally, HB Wealth Management LLC acquired a new stake in UWM during the 4th quarter valued at $75,000. Institutional investors own 53.59% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wedbush reissued a “neutral” rating and set a $7.00 target price on shares of UWM in a research note on Friday, May 17th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $7.00 target price (up from $6.00) on shares of UWM in a research note on Friday, May 10th. Finally, Barclays upped their price target on shares of UWM from $5.00 to $6.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, UWM presently has a consensus rating of “Hold” and a consensus price target of $5.94.

UWM Trading Down 1.9 %

NYSE UWMC opened at $7.88 on Friday. UWM Holdings Co. has a 1-year low of $4.49 and a 1-year high of $8.34. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $753.17 million, a PE ratio of 262.50 and a beta of 1.64. The firm’s fifty day simple moving average is $7.25 and its 200-day simple moving average is $6.87.

UWM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 11th. Investors of record on Thursday, June 20th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend was Thursday, June 20th. UWM’s dividend payout ratio is presently 1,333.33%.

UWM 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.