JPMorgan Chase & Co. Downgrades Guild (NYSE:GHLD) to Underweight

JPMorgan Chase & Co. cut shares of Guild (NYSE:GHLDFree Report) from a neutral rating to an underweight rating in a research note issued to investors on Wednesday morning, Marketbeat.com reports. They currently have $14.00 target price on the stock.

Other research analysts also recently issued research reports about the company. Wells Fargo & Company upped their price objective on Guild from $12.00 to $15.00 and gave the company an equal weight rating in a research note on Wednesday, March 13th. BTIG Research assumed coverage on Guild in a report on Wednesday, February 21st. They issued a buy rating and a $18.00 target price on the stock.

Read Our Latest Stock Report on Guild

Guild Stock Up 0.8 %

Shares of NYSE GHLD opened at $14.98 on Wednesday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.85. The company has a market cap of $915.35 million, a price-to-earnings ratio of -23.05 and a beta of 1.01. Guild has a 12 month low of $9.45 and a 12 month high of $15.06. The stock has a 50-day moving average price of $14.44 and a two-hundred day moving average price of $13.09.

Hedge Funds Weigh In On Guild

Institutional investors and hedge funds have recently modified their holdings of the business. HighTower Advisors LLC bought a new position in shares of Guild during the 3rd quarter worth approximately $358,000. GoodHaven Capital Management LLC boosted its holdings in shares of Guild by 7.8% during the 3rd quarter. GoodHaven Capital Management LLC now owns 174,731 shares of the company’s stock worth $1,917,000 after buying an additional 12,634 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Guild by 2.3% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,173,520 shares of the company’s stock worth $12,874,000 after buying an additional 26,510 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Guild by 17.5% during the 4th quarter. Millennium Management LLC now owns 13,662 shares of the company’s stock worth $138,000 after buying an additional 2,032 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Guild during the 1st quarter worth approximately $107,000. 17.52% of the stock is currently owned by institutional investors.

About Guild

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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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