Guild Holdings (NYSE:GHLD) Shares Acquired by Northern Trust Corp

Northern Trust Corp lifted its stake in shares of Guild Holdings (NYSE:GHLD) by 8.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,421 shares of the company’s stock after buying an additional 1,709 shares during the quarter. Northern Trust Corp’s holdings in Guild were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. HighTower Advisors LLC grew its position in shares of Guild by 419.9% during the fourth quarter. HighTower Advisors LLC now owns 125,311 shares of the company’s stock worth $1,768,000 after buying an additional 101,209 shares in the last quarter. Donald Smith & CO. Inc. grew its position in shares of Guild by 0.4% during the fourth quarter. Donald Smith & CO. Inc. now owns 344,742 shares of the company’s stock worth $4,864,000 after buying an additional 1,535 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its position in shares of Guild by 5.3% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 628,650 shares of the company’s stock worth $8,870,000 after buying an additional 31,540 shares in the last quarter. Institutional investors and hedge funds own 17.52% of the company’s stock.

Guild Stock Performance

Guild stock opened at $13.70 on Monday. The company has a market cap of $851.97 million, a PE ratio of -8.84, a P/E/G ratio of 0.27 and a beta of 0.81. The company has a fifty day moving average price of $13.42 and a two-hundred day moving average price of $13.27. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.06 and a quick ratio of 0.06. Guild Holdings has a 12 month low of $11.21 and a 12 month high of $18.26.

Guild Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 14.60%. The ex-dividend date of this dividend was Monday, March 17th. Guild’s payout ratio is 144.93%.

Analysts Set New Price Targets

GHLD has been the subject of a number of recent analyst reports. JMP Securities set a $15.50 price target on shares of Guild and gave the stock a “market outperform” rating in a research report on Tuesday, May 27th. Citigroup reaffirmed an “outperform” rating on shares of Guild in a report on Tuesday, May 27th. JPMorgan Chase & Co. raised shares of Guild from an “underweight” rating to a “neutral” rating and decreased their price objective for the stock from $12.50 to $12.00 in a report on Tuesday, April 8th. Finally, Wall Street Zen raised shares of Guild to a “hold” rating in a report on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.30.

Guild Profile

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.