Streetbeat News

UWMC

UWM Holdings Corporation

https://www.uwm.com

Industry

Financial - Mortgages

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.

Open

6.26

Mkt cap

9.8B

Volume

3.1M

High

6.28

P/E Ratio

-26.17

52-wk high

9.74

Low

5.95

Div yield

0.07

52-wk low

5.67

The article highlights unusual options activity in the financial sector, focusing on large trades by 'whales' that could indicate significant market movements. Key stocks with notable options activity include Morgan Stanley (MS), UWM Holdings (UWMC), Bank of America (BAC), American International Group (AIG), Rocket Companies (RKT), Nu Holdings (NU), Upstart Holdings (UPST), Affirm Holdings (AFRM), B. Riley Financial (RILY), and Truist Financial (TFC).

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 5:35 pm

Mortgage rates have fallen to their lowest levels in over a year, driven by expectations of Federal Reserve rate cuts. This has increased homebuyers' purchasing power and boosted refinancing applications. Goldman Sachs has revised its home price appreciation forecasts upwards for 2024 and 2025. Mortgage-linked stocks and ETFs, including REZ, MORT, REM, RKT, UWMC, and XHB, have seen gains as a result.

Portfolio Pulse from Piero Cingari

August 08, 2024 | 4:42 pm

Goldman Sachs analyst Ryan Nash maintains a Neutral rating on UWM Holdings (NYSE:UWMC) and raises the price target from $7.5 to $8.5.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 3:34 pm

Keefe, Bruyette & Woods analyst Bose George maintains a Market Perform rating on UWM Holdings (NYSE:UWMC) and raises the price target from $7 to $8.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 2:44 pm

Wedbush analyst Jay McCanless maintains a Neutral rating on UWM Holdings (NYSE:UWMC) and raises the price target from $7 to $8.5.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 2:15 pm

BTIG analyst Eric Hagen maintains a Buy rating on UWM Holdings (NYSE:UWMC) and raises the price target from $8 to $10.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:38 pm

UWM Holdings (NYSE:UWMC) reported Q2 2024 adjusted EPS of $0.04, missing the analyst estimate of $0.07 by 42.86%. Sales were $507.094M, also missing the estimate of $527.312M by 3.83%. This represents a 13.69% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:32 pm

Shares of U.S.-listed mortgage lenders have risen after U.S. regulators allowed Freddie Mac to buy second mortgages, potentially lowering borrowing costs against home equity. The Federal Housing Finance Authority (FHFA) approved a pilot program for Freddie Mac to buy up to $2.5 billion of second mortgages over 18 months.

Portfolio Pulse from Michael Juliano

June 24, 2024 | 11:06 pm

Analysts have recently evaluated UWM Holdings (NYSE: UWMC), providing a range of opinions from bullish to bearish. Over the past three months, all four analysts have maintained an indifferent stance. The average 12-month price target has increased by 12.5% to $6.75. Key analysts include Henry Coffey from Wedbush and Bose George from Keefe, Bruyette & Woods, who have maintained or raised their ratings and price targets.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 2:00 pm

Wedbush analyst Henry Coffey has reiterated a Neutral rating on UWM Holdings (NYSE:UWMC) and maintained a $7 price target.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:39 pm

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