Integrated Investment Consultants LLC Sells 4,774 Shares of UWM Holdings Co. (NYSE:UWMC)

Integrated Investment Consultants LLC decreased its stake in UWM Holdings Co. (NYSE:UWMC) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,914 shares of the company’s stock after selling 4,774 shares during the period. Integrated Investment Consultants LLC’s holdings in UWM were worth $563,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of UWMC. Rhumbline Advisers boosted its position in UWM by 3.9% during the second quarter. Rhumbline Advisers now owns 91,964 shares of the company’s stock valued at $637,000 after purchasing an additional 3,426 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of UWM by 13.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,712,900 shares of the company’s stock worth $11,870,000 after purchasing an additional 199,900 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of UWM by 8.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 24,757 shares of the company’s stock valued at $168,000 after buying an additional 1,991 shares in the last quarter. Intech Investment Management LLC acquired a new position in UWM during the second quarter worth $85,000. Finally, Frank Rimerman Advisors LLC bought a new stake in UWM during the second quarter worth $93,000. Institutional investors own 53.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of UWM from $7.00 to $6.50 and set a “market perform” rating for the company in a research report on Friday, January 3rd. Morgan Stanley lowered their price target on UWM from $7.50 to $6.50 and set an “equal weight” rating on the stock in a research report on Thursday, December 19th. Barclays raised UWM from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $6.00 to $8.00 in a research report on Tuesday, October 8th. Finally, The Goldman Sachs Group decreased their target price on UWM from $8.50 to $7.50 and set a “neutral” rating on the stock in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.39.

UWM Trading Down 0.9 %

Shares of NYSE:UWMC opened at $6.13 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40. UWM Holdings Co. has a 12-month low of $5.31 and a 12-month high of $9.74. The business has a 50 day moving average of $6.01 and a 200-day moving average of $7.31.

UWM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 19th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date of this dividend was Thursday, December 19th. UWM’s dividend payout ratio is -173.91%.

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.