Guild (NYSE:GHLD) Price Target Cut to $15.50 by Analysts at JMP Securities

Guild (NYSE:GHLD) had its target price cut by JMP Securities from $16.50 to $15.50 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a market outperform rating on the stock.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. raised Guild from an “underweight” rating to a “neutral” rating and reduced their price target for the stock from $12.50 to $12.00 in a report on Tuesday, April 8th. Wall Street Zen upgraded Guild to a “hold” rating in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Guild currently has an average rating of “Moderate Buy” and an average target price of $16.30.

Guild Stock Up 11.6%

GHLD stock opened at $14.34 on Tuesday. Guild has a one year low of $11.21 and a one year high of $18.26. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06. The firm’s fifty day moving average is $13.40 and its 200 day moving average is $13.29. The firm has a market cap of $891.78 million, a PE ratio of -9.25, a P/E/G ratio of 0.27 and a beta of 0.81.

Guild Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 13.95%. The ex-dividend date of this dividend was Monday, March 17th. Guild’s dividend payout ratio is presently 144.93%.

Institutional Investors Weigh In On Guild

Several large investors have recently bought and sold shares of the company. Bayview Asset Management LLC boosted its stake in shares of Guild by 6.4% in the fourth quarter. Bayview Asset Management LLC now owns 1,595,844 shares of the company’s stock worth $22,517,000 after acquiring an additional 95,327 shares during the last quarter. Basswood Capital Management L.L.C. boosted its stake 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 during the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of Guild by 4.5% during the first quarter. Adage Capital Partners GP L.L.C. now owns 657,132 shares of the company’s stock worth $10,054,000 after buying an additional 28,482 shares in the last quarter. Donald Smith & CO. Inc. grew its holdings in shares of Guild by 10.5% during the first quarter. Donald Smith & CO. Inc. now owns 380,925 shares of the company’s stock worth $5,828,000 after buying an additional 36,183 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Guild by 419.9% in the fourth 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 last quarter. 17.52% of the stock is currently owned by hedge funds and other institutional investors.

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.