Guild (NYSE:GHLD) Sets New 1-Year High at $15.21

Guild Holdings (NYSE:GHLDGet Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $15.21 and last traded at $15.21, with a volume of 198 shares trading hands. The stock had previously closed at $14.52.

Analysts Set New Price Targets

GHLD has been the topic of several research reports. BTIG Research initiated coverage on Guild in a research report on Wednesday, February 21st. They set a “buy” rating and a $18.00 price target on the stock. JPMorgan Chase & Co. lowered Guild from a “neutral” rating to an “underweight” rating and set a $14.00 price target on the stock. in a research report on Wednesday, April 3rd. Wedbush restated an “outperform” rating and set a $17.00 price target on shares of Guild in a research report on Friday, May 10th. Finally, Wells Fargo & Company lifted their price target on Guild from $12.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Guild has an average rating of “Hold” and a consensus target price of $15.60.

View Our Latest Stock Analysis on Guild

Guild Stock Up 2.5 %

The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The company has a fifty day simple moving average of $14.25 and a 200 day simple moving average of $13.70. The firm has a market capitalization of $909.17 million, a P/E ratio of 35.00 and a beta of 1.01.

Guild (NYSE:GHLDGet Free Report) last released its earnings results on Thursday, May 9th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.11). Guild had a return on equity of 4.25% and a net margin of 3.41%. The company had revenue of $231.78 million during the quarter, compared to the consensus estimate of $173.77 million. During the same period last year, the firm posted ($0.04) earnings per share. On average, equities analysts expect that Guild Holdings will post 1.26 EPS for the current fiscal year.

Guild Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, June 6th. Stockholders of record on Monday, May 20th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 17th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Guild by 2.3% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,173,520 shares of the company’s stock valued at $12,874,000 after purchasing an additional 26,510 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings in shares of Guild by 2.1% during the first quarter. Donald Smith & CO. Inc. now owns 440,878 shares of the company’s stock valued at $6,503,000 after purchasing an additional 9,126 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Guild by 8.2% during the first quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock valued at $3,508,000 after purchasing an additional 17,992 shares in the last quarter. GoodHaven Capital Management LLC lifted its holdings in Guild by 7.8% in the third quarter. GoodHaven Capital Management LLC now owns 174,731 shares of the company’s stock valued at $1,917,000 after acquiring an additional 12,634 shares during the period. Finally, HighTower Advisors LLC bought a new position in Guild in the third quarter valued at about $358,000. 17.52% of the stock is owned by institutional investors.

About Guild

(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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