JPMorgan Chase & Co. Increases Guild (NYSE:GHLD) Price Target to $12.50

Guild (NYSE:GHLD) had its price target boosted by analysts at JPMorgan Chase & Co. from $11.50 to $12.50 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 9.62% from the company’s previous close.

Several other research analysts have also recently weighed in on GHLD. Wells Fargo & Company cut their price objective on Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. Wedbush reaffirmed an “outperform” rating and set a $20.00 price target on shares of Guild in a research report on Thursday, November 7th. Finally, Compass Point upped their price target on Guild from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. One 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. Based on data from MarketBeat.com, Guild presently has a consensus rating of “Hold” and a consensus target price of $16.60.

Guild Stock Up 5.6 %

GHLD stock opened at $13.83 on Friday. The stock’s fifty day simple moving average is $12.84 and its two-hundred day simple moving average is $14.27. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.92. Guild has a 1-year low of $11.21 and a 1-year high of $18.26. The stock has a market cap of $855.88 million, a P/E ratio of -8.92, a P/E/G ratio of 0.27 and a beta of 0.98.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Bayview Asset Management LLC lifted its holdings in Guild by 6.4% during the 4th quarter. Bayview Asset Management LLC now owns 1,595,844 shares of the company’s stock worth $22,517,000 after purchasing an additional 95,327 shares in the last quarter. Basswood Capital Management L.L.C. lifted its holdings in Guild by 3.2% during the 4th quarter. Basswood Capital Management L.L.C. now owns 674,805 shares of the company’s stock worth $9,521,000 after purchasing an additional 20,848 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in Guild by 5.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 628,650 shares of the company’s stock worth $8,870,000 after purchasing an additional 31,540 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings in Guild by 0.4% during the 4th quarter. Donald Smith & CO. Inc. now owns 344,742 shares of the company’s stock worth $4,864,000 after purchasing an additional 1,535 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in Guild by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock worth $4,488,000 after purchasing an additional 13,668 shares in the last quarter. Hedge funds and other institutional investors own 17.52% of the company’s stock.

About Guild

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.