Barclays initiated coverage on UWM Holdings with a new price target
$UWMC
Finance: Consumer Services
Finance
Barclays initiated coverage of UWM Holdings with a rating of Underweight and set a new price target of $4.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/5/2024 | $6.00 → $7.50 | Equal-Weight | Morgan Stanley |
| 10/8/2024 | $6.00 → $8.00 | Underweight → Equal Weight | Barclays |
| 4/9/2024 | $6.00 | Underperform → Mkt Perform | Keefe Bruyette |
| 1/10/2024 | $6.00 | Mkt Perform → Underperform | Keefe Bruyette |
| 1/10/2024 | Hold | Deutsche Bank | |
| 12/6/2023 | $4.00 | Sell | UBS |
| 11/15/2023 | $4.00 | Underweight | Barclays |
| 10/5/2023 | $6.00 | Neutral → Buy | BTIG Research |
4 - UWM Holdings Corp (0001783398) (Issuer)
4 - UWM Holdings Corp (0001783398) (Issuer)
4 - UWM Holdings Corp (0001783398) (Issuer)
Morgan Stanley resumed coverage of UWM Holdings with a rating of Equal-Weight and set a new price target of $7.50 from $6.00 previously
Barclays upgraded UWM Holdings from Underweight to Equal Weight and set a new price target of $8.00 from $6.00 previously
Keefe Bruyette upgraded UWM Holdings from Underperform to Mkt Perform and set a new price target of $6.00
Third Quarter Net Income of $31.9 Million. Loan Origination Volume of $39.5 Billion, Including Purchase Volume of $26.2 Billion. UWM Holdings Corporation (NYSE:UWMC) (the "Company"), the publicly traded indirect parent of United Wholesale Mortgage ("UWM"), today announced its results for the third quarter ended September 30, 2024. Total loan origination volume for the third quarter 2024 was $39.5 billion, of which $26.2 billion was purchase volume. The Company reported 3Q24 net income of $31.9 million, inclusive of a $446.1 million decline in fair value of MSRs and a $226.9 million gain on other interest rate derivatives. Mat Ishbia, Chairman and CEO of UWMC, said, "When looking at Q3, I
UWM Holdings Corporation ((UWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its third quarter 2024 results on Thursday, November 7, 2024. A press release with financial highlights will be available on the company's investor relations website https://investors.uwm.com in the earnings release section. UWM will host a conference call for financial analysts and investors on Thursday, November 7, 2024, at 10:00 a.m. ET to review the results and answer questions. Interested parties may register for a toll-free dial-in number by visiting: https://registrations.events/di
Second Quarter Net Income of $76.3 Million. Loan Origination Volume of $33.6 Billion, Including Purchase Volume of $27.2 Billion. UWM Holdings Corporation (NYSE:UWMC) (the "Company"), the publicly traded indirect parent of United Wholesale Mortgage ("UWM"), today announced its results for the second quarter ended June 30, 2024. Total loan origination volume for the second quarter 2024 was $33.6 billion, of which $27.2 billion was purchase volume. The Company reported 2Q24 net income of $76.3 million, inclusive of a $115.3 million decline in fair value of MSRs, net, and diluted earnings per share of $0.03. Mat Ishbia, Chairman and CEO of UWMC, said, "The second quarter was another strong
SC 13G/A - UWM Holdings Corp (0001783398) (Subject)
SC 13G/A - UWM Holdings Corp (0001783398) (Subject)
SC 13G/A - UWM Holdings Corp (0001783398) (Subject)
Barclays analyst Mark Devries maintains UWM Hldgs (NYSE:UWMC) with a Underweight and raises the price target from $5 to $6.
Shares of U.S.-listed mortgage lenders have risen on the heels of U.S. regulators allowing the Federal Home Loan Mortgage Corp (OTC:FMCC), aka Freddie Mac, to buy second mortgages, a move that could lower the cost of borrowing against home equity. The Federal Housing Finance Authority (FHFA) said Freddie Mac could buy up to $2.5 billion of second mortgages over an 18-month trial period, Bloomberg reported. FHFA will then decide whether the pilot program helps borrowers in rural and underserved communities obtain them, among other criteria. Freddie Mac proposed backing second mortgages in April after the steep jump in home loan rates over the past two years. When rates were lower, a hom
Across the recent three months, 4 analysts have shared their insights on UWM Hldgs (NYSE:UWMC), expressing a variety of opinions spanning from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 2 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 0 0 0 Analysts have recently evaluated UWM Hldgs and provided 12-month price targets. The average target is $6.75, accompanied by a high estimate of $7.00 and a low estimate of $6.00. Surpassing the
Third Quarter Net Income of $31.9 Million. Loan Origination Volume of $39.5 Billion, Including Purchase Volume of $26.2 Billion. UWM Holdings Corporation (NYSE:UWMC) (the "Company"), the publicly traded indirect parent of United Wholesale Mortgage ("UWM"), today announced its results for the third quarter ended September 30, 2024. Total loan origination volume for the third quarter 2024 was $39.5 billion, of which $26.2 billion was purchase volume. The Company reported 3Q24 net income of $31.9 million, inclusive of a $446.1 million decline in fair value of MSRs and a $226.9 million gain on other interest rate derivatives. Mat Ishbia, Chairman and CEO of UWMC, said, "When looking at Q3, I
UWM Holdings Corporation ((UWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its third quarter 2024 results on Thursday, November 7, 2024. A press release with financial highlights will be available on the company's investor relations website https://investors.uwm.com in the earnings release section. UWM will host a conference call for financial analysts and investors on Thursday, November 7, 2024, at 10:00 a.m. ET to review the results and answer questions. Interested parties may register for a toll-free dial-in number by visiting: https://registrations.events/di
Second Quarter Net Income of $76.3 Million. Loan Origination Volume of $33.6 Billion, Including Purchase Volume of $27.2 Billion. UWM Holdings Corporation (NYSE:UWMC) (the "Company"), the publicly traded indirect parent of United Wholesale Mortgage ("UWM"), today announced its results for the second quarter ended June 30, 2024. Total loan origination volume for the second quarter 2024 was $33.6 billion, of which $27.2 billion was purchase volume. The Company reported 2Q24 net income of $76.3 million, inclusive of a $115.3 million decline in fair value of MSRs, net, and diluted earnings per share of $0.03. Mat Ishbia, Chairman and CEO of UWMC, said, "The second quarter was another strong
10-Q - UWM Holdings Corp (0001783398) (Filer)
8-K - UWM Holdings Corp (0001783398) (Filer)
10-Q - UWM Holdings Corp (0001783398) (Filer)
United Wholesale Mortgage (UWM), the #1 overall lender in America, has named Andrew Hubacker its new Chief Financial Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230206005258/en/UWM's Chief Financial Officer, Andrew Hubacker (Photo: Business Wire) Hubacker will assume the position immediately and will oversee all financial aspects of the company including accounting, internal and external reporting, financial compliance, tax, treasury and liquidity management, and budgeting and forecasting. Hubacker originally joined the company in October of 2020 as Chief Accounting Officer and took on the role of Interim Principal Fi