Guild (NYSE:GHLD) Stock Price Up 5% - What's Next?

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GHLD. JPMorgan Chase & Co. boosted their target price on shares of Guild from $11.50 to $12.50 and gave the company an "underweight" rating in a research note on Friday, March 7th. Compass Point boosted their target price on shares of Guild from $16.00 to $19.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Guild has a consensus rating of "Hold" and a consensus target price of $16.60.

Guild Price Performance

The stock has a market capitalization of $883.37 million, a PE ratio of -9.21, 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 stock's 50 day moving average price is $12.79 and its 200-day moving average price is $14.07.

Guild Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 14.02%. The ex-dividend date is Monday, March 17th. Guild's dividend payout ratio (DPR) is presently 64.94%.

Remove Ads

Institutional Trading of Guild

A number of hedge funds have recently added to or reduced their stakes in the business. Donald Smith & CO. Inc. lifted its stake in Guild by 0.4% in the fourth quarter. Donald Smith & CO. Inc. now owns 344,742 shares of the company's stock worth $4,864,000 after acquiring an additional 1,535 shares during the period. Northern Trust Corp lifted its stake in Guild by 8.3% in the fourth quarter. Northern Trust Corp now owns 22,421 shares of the company's stock worth $316,000 after acquiring an additional 1,709 shares during the period. Geode Capital Management LLC lifted its stake in Guild by 2.0% in the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company's stock worth $1,634,000 after acquiring an additional 1,901 shares during the period. Millennium Management LLC lifted its stake in 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 acquiring an additional 2,421 shares during the period. Finally, Citadel Advisors LLC lifted its stake in Guild by 57.5% in the fourth quarter. Citadel Advisors LLC now owns 16,799 shares of the company's stock worth $237,000 after acquiring an additional 6,134 shares during the period. 17.52% of the stock is owned by hedge funds and other 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.