UWM (NYSE:UWMC) Lifted to Market Perform at Keefe, Bruyette & Woods

UWM (NYSE:UWMC – Get Rating) was upgraded by equities research analysts at Keefe, Bruyette & Woods from an “underperform” rating to a “market perform” rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a $4.00 price target on the stock, up from their previous price target of $3.50. Keefe, Bruyette & Woods’ price objective points to a potential downside of 17.01% from the company’s previous close.

Other research analysts have also issued research reports about the company. UBS Group set a $4.00 price target on UWM in a research report on Wednesday, November 23rd. Barclays raised their price objective on shares of UWM from $2.50 to $3.00 in a research note on Monday, January 9th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $3.91.

UWM Trading Up 0.4 %

UWMC opened at $4.82 on Thursday. The firm has a market cap of $446.24 million, a P/E ratio of 11.76 and a beta of 1.43. UWM has a 12 month low of $2.84 and a 12 month high of $5.03. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average of $4.13 and a 200 day moving average of $3.86.

Institutional Trading of UWM

Several institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James & Associates raised its stake in shares of UWM by 13.5% during the fourth quarter. Raymond James & Associates now owns 20,124 shares of the company’s stock valued at $67,000 after acquiring an additional 2,395 shares in the last quarter. LPL Financial LLC lifted its holdings in UWM by 4.2% during the fourth quarter. LPL Financial LLC now owns 77,730 shares of the company’s stock worth $257,000 after buying an additional 3,167 shares during the period. Advisor Group Holdings Inc. lifted its holdings in UWM by 22.2% during the first quarter. Advisor Group Holdings Inc. now owns 20,309 shares of the company’s stock worth $93,000 after buying an additional 3,695 shares during the period. Goldman Sachs Group Inc. lifted its holdings in UWM by 0.6% during the first quarter. Goldman Sachs Group Inc. now owns 671,784 shares of the company’s stock worth $3,043,000 after buying an additional 3,728 shares during the period. Finally, 180 Wealth Advisors LLC lifted its holdings in UWM by 15.7% during the third quarter. 180 Wealth Advisors LLC now owns 34,453 shares of the company’s stock worth $101,000 after buying an additional 4,678 shares during the period. Institutional investors own 37.73% of the company’s stock.

About UWM

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UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates 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.