Guild (NYSE:GHLD) Trading Up 3.9% – Here’s What Happened

by · The Cerbat Gem

Shares of Guild Holdings (NYSE:GHLD – Get Free Report) traded up 3.9% during mid-day trading on Friday . The company traded as high as $15.24 and last traded at $15.05. 118,085 shares were traded during mid-day trading, an increase of 844% from the average session volume of 12,505 shares. The stock had previously closed at $14.49.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GHLD shares. JPMorgan Chase & Co. boosted their price objective on Guild from $11.50 to $12.50 and gave the stock an “underweight” rating in a research note on Friday, March 7th. Compass Point boosted their price target on shares of Guild from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.60.

View Our Latest Research Report on Guild

Guild Stock Performance

The company has a debt-to-equity ratio of 0.92, a current ratio of 0.06 and a quick ratio of 0.06. The company has a market cap of $934.75 million, a price-to-earnings ratio of -9.74, a PEG ratio of 0.27 and a beta of 0.98. The firm has a 50 day simple moving average of $13.08 and a 200-day simple moving average of $13.96.

Guild Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 13.25%. Guild’s payout ratio is currently 64.94%.

Institutional Investors Weigh In On Guild

A number of institutional investors have recently made changes to their positions in GHLD. Millennium Management LLC boosted its position in shares of Guild by 18.6% during the 4th quarter. Millennium Management LLC now owns 15,441 shares of the company’s stock worth $218,000 after purchasing an additional 2,421 shares during the period. Citadel Advisors LLC lifted its stake in Guild by 57.5% during the fourth quarter. Citadel Advisors LLC now owns 16,799 shares of the company’s stock worth $237,000 after purchasing an additional 6,134 shares in the last quarter. Northern Trust Corp boosted its position in shares of Guild by 8.3% during the fourth quarter. Northern Trust Corp now owns 22,421 shares of the company’s stock worth $316,000 after buying an additional 1,709 shares during the period. Geode Capital Management LLC grew its stake in shares of Guild by 2.0% in the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock valued at $1,634,000 after buying an additional 1,901 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Guild by 419.9% in the 4th quarter. HighTower Advisors LLC now owns 125,311 shares of the company’s stock valued at $1,768,000 after buying an additional 101,209 shares during the period. 17.52% of the stock is currently owned by institutional investors and hedge funds.

Guild Company Profile

(Get Free Report)

Guild Holdings Company originates, sells, and services residential mortgage loans in the United States. It operates in two segments, Origination and Servicing. The company offers residential mortgages through retail and correspondent channels. Guild Holdings Company was incorporated in 1960 and is headquartered in San Diego, California.

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