UWM Holdings Corporation (NYSE:UWMC – Get Free Report) CEO Ishbia Mat sold 1,001,024 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $3.62, for a total value of $3,623,706.88. Following the sale, the chief executive officer directly owned 5,002,420 shares in the company, valued at approximately $18,108,760.40. This represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ishbia Mat also recently made the following trade(s):
- On Monday, May 4th, Ishbia Mat sold 1,003,333 shares of UWM stock. The shares were sold at an average price of $3.57, for a total value of $3,581,898.81.
- On Thursday, April 30th, Ishbia Mat sold 934,061 shares of UWM stock. The shares were sold at an average price of $3.53, for a total value of $3,297,235.33.
- On Wednesday, April 29th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.50, for a total value of $3,502,009.00.
- On Tuesday, April 28th, Ishbia Mat sold 986,644 shares of UWM stock. The shares were sold at an average price of $3.66, for a total value of $3,611,117.04.
- On Monday, April 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.78, for a total value of $3,782,169.72.
- On Friday, April 24th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.75, for a total value of $3,752,152.50.
- On Wednesday, April 22nd, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.70, for a total value of $3,702,123.80.
- On Monday, April 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.94, for a total value of $3,942,261.56.
- On Friday, April 17th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.93, for a total value of $3,932,255.82.
- On Wednesday, April 15th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.78, for a total value of $3,782,169.72.
UWM Price Performance
NYSE:UWMC opened at $3.43 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.64. The company has a market capitalization of $5.49 billion, a P/E ratio of 57.15 and a beta of 1.78. UWM Holdings Corporation has a 12 month low of $3.38 and a 12 month high of $7.14. The business’s 50-day moving average is $3.82 and its 200 day moving average is $4.75.
UWM Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 19th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date was Thursday, March 19th. UWM’s payout ratio is currently 666.67%.
Institutional Investors Weigh In On UWM
Several large investors have recently added to or reduced their stakes in the stock. 180 Wealth Advisors LLC increased its stake in UWM by 87.2% during the first quarter. 180 Wealth Advisors LLC now owns 297,827 shares of the company’s stock worth $1,078,000 after acquiring an additional 138,754 shares during the last quarter. Fifth Third Bancorp bought a new stake in UWM during the first quarter worth approximately $41,000. Sequoia Financial Advisors LLC bought a new stake in UWM during the first quarter worth approximately $113,000. Hsbc Holdings PLC increased its stake in UWM by 222.5% during the first quarter. Hsbc Holdings PLC now owns 128,656 shares of the company’s stock worth $457,000 after acquiring an additional 88,765 shares during the last quarter. Finally, Ascentis Independent Advisors bought a new stake in UWM during the first quarter worth approximately $264,000. 53.59% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on UWMC. BTIG Research reiterated a “buy” rating and issued a $10.00 target price on shares of UWM in a research report on Tuesday, March 10th. Keefe, Bruyette & Woods reduced their price objective on UWM from $6.00 to $5.00 and set a “market perform” rating on the stock in a research note on Friday, April 10th. Compass Point started coverage on UWM in a research note on Tuesday, March 10th. They set a “buy” rating and a $8.50 price objective on the stock. Stephens started coverage on UWM in a research note on Friday, April 24th. They set an “equal weight” rating and a $4.00 price objective on the stock. Finally, The Goldman Sachs Group set a $5.00 price objective on UWM in a research note on Tuesday, January 6th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.99.
View Our Latest Analysis on UWM
More UWM News
Here are the key news stories impacting UWM this week:
- Positive Sentiment: Management publicly pushed back against Two Harbors’ characterization of UWMC’s revised $12.00-per-share offer, arguing the board understates UWMC’s math and keeping the possibility of a higher takeover price alive — a development that preserves upside if UWMC can improve its bid or sway shareholders. Read More.
- Neutral Sentiment: UWM will report quarterly results on Wednesday; with last quarter showing a revenue beat but an EPS miss, earnings and management commentary on mortgage volume, margins and M&A strategy could create short-term swings. Investors should watch guidance and any M&A update. Read More.
- Neutral Sentiment: Recent analyst and media pieces are revisiting UWMC’s valuation after recent share gains; coverage highlights sensitivity to deal outcomes and mortgage-cycle dynamics, useful context but not an immediate catalyst. Read More.
- Negative Sentiment: Two Harbors’ board formally rejected UWMC’s revised $12.00 offer and reaffirmed support for its deal with CrossCountry at $11.30 — this reduces the odds of UWMC completing a higher-priced acquisition and is a clear headwind for any takeover-driven re?rating. Read More.
- Negative Sentiment: CEO Mat Ishbia executed multiple large stock sales under a pre?arranged Rule 10b5?1 plan (recent blocks include ~934,061; 1,001,024; and 1,003,333 shares), materially reducing his stake and injecting significant insider liquidity into the market — a factor that tends to pressure the share price and raises concerns about dilution or insider sentiment despite being plan?based. SEC filing: Read More.
UWM Company Profile
United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.
The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.
See Also
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