UWMC

Barclays Initiates Coverage of UWM Holdings Corporation - (UWMC) with Underweight Recommendation

Fintel reports that on November 15, 2023, Barclays initiated coverage of UWM Holdings Corporation - (NYSE:UWMC) with a Underweight recommendation.

Analyst Price Forecast Suggests 4.04% Upside

As of November 1, 2023, the average one-year price target for UWM Holdings Corporation - is 5.99. The forecasts range from a low of 4.04 to a high of $7.35. The average price target represents an increase of 4.04% from its latest reported closing price of 5.76.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for UWM Holdings Corporation - is 1,756MM, a decrease of 16.34%. The projected annual non-GAAP EPS is 0.19.

What is the Fund Sentiment?

There are 318 funds or institutions reporting positions in UWM Holdings Corporation -. This is an increase of 23 owner(s) or 7.80% in the last quarter. Average portfolio weight of all funds dedicated to UWMC is 0.09%, a decrease of 4.98%. Total shares owned by institutions increased in the last three months by 14.24% to 51,424K shares. UWMC / UWM Holdings Corporation - Class A Put/Call Ratios The put/call ratio of UWMC is 0.65, indicating a bullish outlook.

What are Other Shareholders Doing?

UWMC / UWM Holdings Corporation - Class A Shares Held by Institutions

Platinum Equity holds 4,894K shares representing 5.23% ownership of the company. No change in the last quarter.

Integrated Investment Consultants holds 3,593K shares representing 3.84% ownership of the company. In it's prior filing, the firm reported owning 163K shares, representing an increase of 95.47%. The firm increased its portfolio allocation in UWMC by 1,762.06% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,195K shares representing 3.41% ownership of the company. In it's prior filing, the firm reported owning 2,300K shares, representing an increase of 28.00%. The firm increased its portfolio allocation in UWMC by 46.15% over the last quarter.

NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 2,283K shares representing 2.44% ownership of the company. In it's prior filing, the firm reported owning 2,054K shares, representing an increase of 10.05%. The firm increased its portfolio allocation in UWMC by 20.64% over the last quarter.

Victory Capital Management holds 2,044K shares representing 2.18% ownership of the company. In it's prior filing, the firm reported owning 1,722K shares, representing an increase of 15.75%. The firm decreased its portfolio allocation in UWMC by 25.48% over the last quarter.

UWM Holdings Background Information
(This description is provided by the company.)

Headquartered in Pontiac, Michigan, UWM Holdings Corporation is the publicly traded indirect parent of United Wholesale Mortgage, LLC. UWM underwrites and provides closing documentation for residential mortgage loans originated by independent mortgage brokers, correspondents, small banks and local credit unions across all 50 states and the District of Columbia.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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