Pontiac, Michigan-based United Wholesale Mortgage aka UWM Holdings, a wholesale mortgage lender, completed its merger with special purpose acquisition company Gores Holdings IV. Shares of United Wholesale Mortgage began trading on the New York Stock Exchange under the ticker symbol "UWMC" on Friday, January 22, 2021. The stock opened at $11.43 per share.
The merger values the newly combined company, which will now be called UMW Holdings Corporation, at $16 billion.
How to buy shares in United Wholesale Mortgage
Choose a platform.If you're a beginner, our share-dealing table below can help you choose.
Open your account.You'll need your ID, bank details and national insurance number.
Confirm your payment details.You'll need to fund your account with a bank transfer, debit card or credit card.
Search the platform for stock code:UWMC in this case.
Research United Wholesale Mortgage shares.The platform should provide the latest information available.
Buy your United Wholesale Mortgage shares.It's that simple.
The whole process can take as little as 15 minutes. You'll need a smartphone or computer, an internet connection, your passport or driving licence and a means of payment.
Our top picks for where to buy United Wholesale Mortgage shares:
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To choose the best investment app for each category, our experts analysed 83 different metrics for the investment platforms we've reviewed on our site. We've hand-picked the metrics we think are important for each category to help us find the best in 17 categories among our high-scoring partners. There are also "promoted" picks on some pages. They're based on factors that include special features or offers and the commission we receive. It's important to compare the full range of platforms available and keep in mind our picks may not always be the best fit for you.
Fees for buying 100x United Wholesale Mortgage shares with popular platforms
Both exchange rates and share prices fluctuate in real time, so the costs presented here should be considered as a guide only. They do not incorporate stamp duty. Always refer to the platform itself for availability and pricing – which may differ from our information.
These providers cover a wide range of stocks, but we can't guarantee they'll all offer this stock.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
Alternative ways to invest in United Wholesale Mortgage
Buying shares in just one company can leave you more exposed to unexpected swings in the market than if you have a range of investments - a "diversified portfolio". Experts generally recommend having a broad mix of assets and funds that hold a ready-made portfolio of at least 50 different companies' shares, on the basis that drops in the value of some will be offset by rises elsewhere.
United Wholesale Mortgage is a major part of the NYSE index, so it's included in many global funds and investment trusts, as well as tracker-style exchange traded funds (ETFs).
Is it a good time to buy United Wholesale Mortgage stock?
Only you can make the decision on the time to leap. The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.
Use our graph to track the performance of UWMC stocks over time.
Share price volatility
Over the last 12 months, United Wholesale Mortgage's shares have ranged in value from as little as $2.7197 up to $6.3488. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while United Wholesale Mortgage's is 1.5188. This would suggest that United Wholesale Mortgage's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
To put United Wholesale Mortgage's beta into context you can compare it against those of similar companies.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
Is United Wholesale Mortgage under- or over-valued?
Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the United Wholesale Mortgage P/E ratio, PEG ratio and EBITDA
United Wholesale Mortgage's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 64x. In other words, United Wholesale Mortgage shares trade at around 64x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
However, United Wholesale Mortgage's P/E ratio is best considered in relation to those of others within the mortgage finance industry or those of similar companies.
Forward annual dividend yield: 8.08% of stock value
Dividend payout ratio: 2.5% of net profits
United Wholesale Mortgage has recently paid out dividends equivalent to 8.08% of its share value annually.
United Wholesale Mortgage has paid out, on average, around 2.5% of recent net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 8.08% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), shareholders could enjoy a 8.08% return on their shares, in the form of dividend payments. In United Wholesale Mortgage's case, that would currently equate to about $0.4 per share.
While United Wholesale Mortgage's payout ratio might seem low, this can signify that the company is investing more in its future growth.
United Wholesale Mortgage's most recent dividend payout was on 11 July 2023. The latest dividend was paid out to all shareholders who bought their shares by 20 June 2023 (the "ex-dividend date").
United Wholesale Mortgage's dividend yield is perhaps best considered in relation to those of similar companies.
Currently 4.389% of United Wholesale Mortgage shares are held by insiders and 33.555% by institutions.
Latest data suggests 6,000 work at United Wholesale Mortgage.
United Wholesale Mortgage's fiscal year ends in December.
United Wholesale Mortgage's address is: 585 South Boulevard East, Pontiac, MI, United States, 48341
United Wholesale Mortgage's international securities identification number is: US91823B1098
It's as easy to sell United Wholesale Mortgage as it is to buy! Here's how to sell United Wholesale Mortgage that you already own.
Open your investment app. If you've got one with desktop access, you can log in online
Go to your portfolio. This should be in the main menu
Find your shares. You may be able to search your portfolio
Choose how many you'd like to sell. You'll be able to review the price and see how much you'll receive
Sell your United Wholesale Mortgage shares. Your investment platform will let you know when your shares are sold
Most share dealing providers in the UK will let you use your debit card to top up your account and buy shares. The main ways are with a debit card, bank transfer or with Apple/Google Pay.
The easiest way to get hold of some United Wholesale Mortgage shares is to sign up for a share trading app and place a market order or basic order. This type of order tells the platform that you're interested, so it'll try to execute it as quickly as it can. It could take some time for the order to go through, especially if there's a lot of volatility in United Wholesale Mortgage shares.
If you're investing in a US stock, you'll need to complete a W8-BEN form to minimise your tax liability. Whether these are automatically handled for you depends on your broker, so it would be a good idea to check with them directly.
Financials
Revenue TTM
$1.9 billion
Operating margin TTM
34.2%
Gross profit TTM
$2.1 billion
Return on assets TTM
3.78%
Return on equity TTM
11.26%
Profit margin
0.41%
Book value
$1.325
Market capitalisation
$15.9 billion
TTM: trailing 12 months
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
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