JPMorgan Chase & Co. Upgrades Guild (NYSE:GHLD) to "Neutral"

Guild (NYSE:GHLD - Get Free Report) was upgraded by equities researchers at JPMorgan Chase & Co. from an "underweight" rating to a "neutral" rating in a research note issued on Tuesday, MarketBeat.com reports. The firm presently has a $12.00 target price on the stock, down from their prior target price of $12.50. JPMorgan Chase & Co.'s price target indicates a potential downside of 7.16% from the company's current price.

Separately, Compass Point lifted their price target on Guild from $16.00 to $19.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $16.50.

Guild Price Performance

NYSE:GHLD traded down $0.18 during trading hours on Tuesday, hitting $12.93. 17,745 shares of the company's stock traded hands, compared to its average volume of 12,705. Guild has a 52 week low of $11.21 and a 52 week high of $18.26. The business's fifty day simple moving average is $13.26 and its two-hundred day simple moving average is $13.78. 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 market cap of $800.11 million, a P/E ratio of -8.34, a P/E/G ratio of 0.27 and a beta of 0.79.

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Hedge Funds Weigh In On Guild

Several institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC boosted its holdings in shares of Guild by 419.9% during the fourth quarter. HighTower Advisors LLC now owns 125,311 shares of the company's stock worth $1,768,000 after purchasing an additional 101,209 shares during the period. Bayview Asset Management LLC lifted its holdings in Guild by 6.4% in the 4th 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 period. Adage Capital Partners GP L.L.C. lifted its holdings in Guild by 5.3% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 628,650 shares of the company's stock worth $8,870,000 after buying an additional 31,540 shares during the period. Basswood Capital Management L.L.C. grew its position in shares of Guild by 3.2% in the 4th 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, Citadel Advisors LLC increased its stake in shares of Guild by 57.5% during the fourth quarter. Citadel Advisors LLC now owns 16,799 shares of the company's stock valued at $237,000 after buying an additional 6,134 shares during the period. 17.52% of the stock is currently owned by institutional investors.

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.