Guild (NYSE:GHLD) Shares Gap Down to $14.06

Guild Holdings (NYSE:GHLDGet Free Report)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $14.06, but opened at $13.50. Guild shares last traded at $13.50, with a volume of 4,904 shares trading hands.

Analysts Set New Price Targets

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

View Our Latest Stock Report on Guild

Guild Stock Performance

The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market cap of $870.68 million, a price-to-earnings ratio of 33.93, a P/E/G ratio of 0.27 and a beta of 1.01. The firm has a fifty day simple moving average of $14.25 and a two-hundred day simple moving average of $13.83.

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

Guild Announces Dividend

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

Institutional Investors Weigh In On Guild

A number of institutional investors and hedge funds have recently modified their holdings of GHLD. O Shaughnessy Asset Management LLC acquired a new stake in shares of Guild during the first quarter worth about $149,000. HighTower Advisors LLC acquired a new stake in shares of Guild during the third quarter worth about $358,000. GoodHaven Capital Management LLC lifted its holdings in shares of Guild by 7.8% during the third quarter. GoodHaven Capital Management LLC now owns 174,731 shares of the company’s stock worth $1,917,000 after purchasing an additional 12,634 shares during the period. 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 worth $3,508,000 after purchasing an additional 17,992 shares during the period. Finally, Donald Smith & CO. Inc. lifted its holdings in shares of Guild by 1.4% during the fourth quarter. Donald Smith & CO. Inc. now owns 431,752 shares of the company’s stock worth $6,083,000 after purchasing an additional 5,800 shares during the period. Institutional investors and hedge funds own 17.52% of the company’s stock.

Guild Company Profile

(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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