Guild (NYSE:GHLD) Stock Price Up 5% – Here’s Why

Guild Holdings (NYSE:GHLD)’s share price traded up 5% during trading on Tuesday . The company traded as high as $13.50 and last traded at $13.51. 2,185 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 11,570 shares. The stock had previously closed at $12.86.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Guild from $11.50 to $12.50 and gave the company an “underweight” rating in a report on Friday, March 7th. Compass Point upped 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $16.60.

Guild Stock Up 1.8 %

The firm has a market cap of $846.54 million, a P/E ratio of -8.82, a price-to-earnings-growth ratio of 0.27 and a beta of 0.98. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.92. The firm has a fifty day moving average of $12.74 and a 200-day moving average of $14.09.

Guild Announces Dividend

The business also recently announced 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 is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 14.63%. Guild’s payout ratio is presently 64.94%.

Hedge Funds Weigh In On Guild

A number of institutional investors have recently bought and sold shares of the business. Millennium Management LLC increased its position in Guild by 18.6% during 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 during the last quarter. Citadel Advisors LLC increased its position in Guild by 57.5% during the fourth quarter. Citadel Advisors LLC now owns 16,799 shares of the company’s stock worth $237,000 after buying an additional 6,134 shares during the last quarter. Bayview Asset Management LLC increased its position in Guild by 6.4% during the fourth quarter. Bayview Asset Management LLC now owns 1,595,844 shares of the company’s stock worth $22,517,000 after buying an additional 95,327 shares during the last quarter. Basswood Capital Management L.L.C. increased its position in Guild by 3.2% during the fourth quarter. Basswood Capital Management L.L.C. now owns 674,805 shares of the company’s stock worth $9,521,000 after buying an additional 20,848 shares during the last quarter. Finally, Northern Trust Corp increased its position in Guild by 8.3% during the fourth quarter. Northern Trust Corp now owns 22,421 shares of the company’s stock worth $316,000 after buying an additional 1,709 shares during the last quarter. Institutional investors and hedge funds 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.