Zurcher Kantonalbank Zurich Cantonalbank Has $130,000 Stock Position in UWM Holdings Co. (NYSE:UWMC)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in UWM Holdings Co. (NYSE:UWMC) by 32.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,158 shares of the company’s stock after buying an additional 4,479 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in UWM were worth $130,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in UWMC. Patriot Financial Group Insurance Agency LLC raised its stake in shares of UWM by 10.5% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 22,438 shares of the company’s stock worth $160,000 after acquiring an additional 2,140 shares during the last quarter. 180 Wealth Advisors LLC lifted its stake in shares of UWM by 6.2% during the third quarter. 180 Wealth Advisors LLC now owns 46,515 shares of the company’s stock valued at $226,000 after acquiring an additional 2,732 shares during the period. Quent Capital LLC raised its holdings in UWM by 59.8% during the 4th quarter. Quent Capital LLC now owns 13,401 shares of the company’s stock worth $96,000 after purchasing an additional 5,013 shares during the last quarter. Quantbot Technologies LP lifted its position in UWM by 20.1% during the 3rd quarter. Quantbot Technologies LP now owns 38,266 shares of the company’s stock valued at $186,000 after purchasing an additional 6,408 shares during the period. Finally, HB Wealth Management LLC bought a new position in shares of UWM in the 4th quarter valued at about $75,000. 53.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised shares of UWM from an “underperform” rating to a “market perform” rating and set a $6.00 price objective on the stock in a research note on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $5.50.

UWM Price Performance

Shares of UWMC stock opened at $7.51 on Friday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.12. UWM Holdings Co. has a 12-month low of $4.49 and a 12-month high of $7.75. The firm has a fifty day moving average of $6.64 and a 200-day moving average of $6.38. The firm has a market capitalization of $713.07 million, a price-to-earnings ratio of -39.53 and a beta of 1.62.

UWM (NYSE:UWMC) last posted its earnings results 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). UWM had a net margin of 0.79% and a return on equity of 2.45%. The business had revenue of ($114.58) million during the quarter, compared to analyst estimates of $402.14 million. On average, equities research analysts forecast that UWM Holdings Co. will post 0.3 earnings per share for the current year.

UWM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Wednesday, March 20th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date of this dividend was Tuesday, March 19th. UWM’s payout ratio is currently -210.53%.

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.