Guild (NYSE:GHLD) Stock Price Up 10.7% – Should You Buy?

Guild Holdings (NYSE:GHLD) was up 10.7% during trading on Wednesday . The stock traded as high as $13.15 and last traded at $13.45. Approximately 6,768 shares traded hands during trading, a decline of 42% from the average daily volume of 11,590 shares. The stock had previously closed at $12.15.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GHLD. Compass Point increased their target price on Guild from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Wells Fargo & Company dropped their price objective on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on shares of Guild from $11.50 to $12.50 and gave the stock an “underweight” rating in a research report on Friday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $20.00 price target on shares of Guild in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.60.

Guild Price Performance

The business’s fifty day simple moving average is $12.84 and its 200-day simple moving average is $14.30. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.92. The firm has a market cap of $855.88 million, a P/E ratio of -8.92, a PEG ratio of 0.27 and a beta of 0.98.

Guild Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 14.46%. Guild’s dividend payout ratio (DPR) is -64.52%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its holdings in shares of Guild by 18.6% in the fourth quarter. Millennium Management LLC now owns 15,441 shares of the company’s stock worth $218,000 after buying an additional 2,421 shares in the last quarter. Citadel Advisors LLC lifted its stake in Guild by 57.5% in the 4th quarter. Citadel Advisors LLC now owns 16,799 shares of the company’s stock worth $237,000 after purchasing an additional 6,134 shares in the last quarter. Northern Trust Corp boosted its holdings in Guild by 8.3% in the 4th 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 during the period. Geode Capital Management LLC boosted its holdings in Guild by 2.0% in the 3rd 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 during the period. Finally, HighTower Advisors LLC grew its position in shares of Guild by 419.9% during the 4th quarter. HighTower Advisors LLC now owns 125,311 shares of the company’s stock valued at $1,768,000 after purchasing an additional 101,209 shares in the last quarter. Hedge funds and other institutional investors own 17.52% of the company’s stock.

Guild Company 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.