Guild (NYSE:GHLD) Upgraded to “Neutral” at JPMorgan Chase & Co.

Guild (NYSE:GHLD) was upgraded by equities researchers at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a note issued to investors on Tuesday, MarketBeat Ratings reports. The firm currently has a $12.00 price target on the stock, down from their previous price target of $12.50. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 10.31% from the stock’s previous close.

Separately, Compass Point raised their price objective on shares of Guild from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Guild Trading Down 1.3 %

GHLD opened at $13.38 on Tuesday. The firm’s fifty day moving average is $13.23 and its two-hundred day moving average is $13.84. 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 has a market cap of $828.28 million, a PE ratio of -8.63, a price-to-earnings-growth ratio of 0.27 and a beta of 0.79. Guild has a twelve month low of $11.21 and a twelve month high of $18.26.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC grew its position in Guild by 18.6% in the fourth quarter. Millennium Management LLC now owns 15,441 shares of the company’s stock valued at $218,000 after purchasing an additional 2,421 shares in the last quarter. Citadel Advisors LLC grew its position in Guild by 57.5% in the fourth quarter. Citadel Advisors LLC now owns 16,799 shares of the company’s stock valued at $237,000 after purchasing an additional 6,134 shares in the last quarter. Northern Trust Corp grew its position in Guild by 8.3% in the fourth quarter. Northern Trust Corp now owns 22,421 shares of the company’s stock valued at $316,000 after purchasing an additional 1,709 shares in the last quarter. Geode Capital Management LLC grew its position in Guild by 2.0% in the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock valued at $1,634,000 after purchasing an additional 1,901 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in shares of Guild by 419.9% in the 4th quarter. HighTower Advisors LLC now owns 125,311 shares of the company’s stock valued at $1,768,000 after acquiring an additional 101,209 shares during the period. 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.