Guild (NYSE:GHLD) Sees Unusually-High Trading Volume After Analyst Upgrade

Guild Holdings (NYSE:GHLDGet Free Report) saw an uptick in trading volume on Monday after JPMorgan Chase & Co. raised their price target on the stock from $14.00 to $15.00. JPMorgan Chase & Co. currently has an underweight rating on the stock. 11,130 shares changed hands during mid-day trading, an increase of 9% from the previous session’s volume of 10,175 shares.The stock last traded at $14.36 and had previously closed at $14.45.

GHLD has been the topic of several other research reports. JMP Securities upped their target price on Guild from $14.00 to $16.50 and gave the company a “market outperform” rating in a report on Friday, June 28th. Wedbush reissued an “outperform” rating and issued a $17.00 target price on shares of Guild in a report on Friday, May 10th. Finally, Wells Fargo & Company upped their target price on Guild from $12.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.30.

Read Our Latest Analysis on GHLD

Insider Activity at Guild

In related news, Director Edward Bryant, Jr. sold 6,000 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $14.01, for a total transaction of $84,060.00. Following the sale, the director now owns 26,816 shares of the company’s stock, valued at $375,692.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Guild news, CFO Desiree Amber Kramer purchased 1,636 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were purchased at an average cost of $16.12 per share, with a total value of $26,372.32. Following the purchase, the chief financial officer now owns 260,913 shares in the company, valued at $4,205,917.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward Bryant, Jr. sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $14.01, for a total value of $84,060.00. Following the completion of the sale, the director now directly owns 26,816 shares in the company, valued at $375,692.16. The disclosure for this sale can be found here. Insiders have purchased a total of 13,370 shares of company stock valued at $214,346 over the last quarter. Insiders own 78.51% of the company’s stock.

Institutional Trading of Guild

Hedge funds have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC acquired a new stake in Guild in the 1st quarter worth about $149,000. Empowered Funds LLC boosted its stake in Guild by 8.2% in the 1st quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock worth $3,508,000 after buying an additional 17,992 shares during the last quarter. Finally, Donald Smith & CO. Inc. boosted its stake in Guild by 1.4% in the 4th quarter. Donald Smith & CO. Inc. now owns 431,752 shares of the company’s stock worth $6,083,000 after buying an additional 5,800 shares during the last quarter. 17.52% of the stock is owned by institutional investors and hedge funds.

Guild Trading Up 0.8 %

The business has a 50 day simple moving average of $14.53 and a 200-day simple moving average of $14.35. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $878.39 million, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 0.28 and a beta of 1.03.

Guild (NYSE:GHLDGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.11). The firm had revenue of $231.78 million during the quarter, compared to analysts’ expectations of $173.77 million. Guild had a return on equity of 4.25% and a net margin of 3.41%. During the same quarter last year, the business earned ($0.04) earnings per share. On average, equities analysts predict that Guild Holdings will post 1.21 earnings per share for the current year.

Guild Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 6th. Stockholders of record on Monday, May 20th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, May 17th.

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.

Further Reading

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