Guild (NYSE:GHLD) Trading Up 10.7% - Should You Buy?

Guild Holdings (NYSE:GHLD - Get Free Report)'s stock price rose 10.7% during mid-day trading on Wednesday . The company traded as high as $13.15 and last traded at $13.45. Approximately 6,768 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 11,590 shares. The stock had previously closed at $12.15.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Compass Point raised their price objective on shares of Guild from $16.00 to $19.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their target price on Guild from $11.50 to $12.50 and gave the stock an "underweight" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Guild currently has an average rating of "Hold" and a consensus target price of $16.60.

Guild Trading Up 5.6 %

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

Guild Dividend Announcement

The company 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 $0.50 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 14.46%. Guild's dividend payout ratio (DPR) is presently -64.52%.

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC increased its position in Guild by 18.6% in the 4th quarter. Millennium Management LLC now owns 15,441 shares of the company's stock valued at $218,000 after acquiring an additional 2,421 shares during the period. Citadel Advisors LLC increased its holdings 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 purchasing an additional 6,134 shares during the period. Northern Trust Corp increased its holdings in shares of Guild by 8.3% during the fourth 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 raised its stake in shares of Guild by 2.0% during the third 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 in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in Guild by 419.9% in 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. 17.52% of the stock is owned by institutional investors and hedge funds.

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.