Guild (NYSE:GHLD) Given New $16.50 Price Target at JMP Securities

Guild (NYSE:GHLD) had its target price raised by JMP Securities from $14.00 to $16.50 in a research report sent to investors on Friday, Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut shares of Guild from a neutral rating to an underweight rating and set a $14.00 price objective for the company. in a report on Wednesday, April 3rd. Wedbush reissued an outperform rating and set a $17.00 target price on shares of Guild in a research note on Friday, May 10th. Finally, Wells Fargo & Company boosted their target price on shares of Guild from $12.00 to $15.00 and gave the stock an equal weight rating in a research note on Wednesday, March 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Guild has a consensus rating of Hold and a consensus price target of $16.10.

Guild Stock Down 4.8 %

GHLD opened at $14.80 on Friday. Guild has a fifty-two week low of $9.59 and a fifty-two week high of $17.24. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08. The company has a fifty day moving average of $14.43 and a two-hundred day moving average of $14.31. The stock has a market capitalization of $907.83 million, a price-to-earnings ratio of 35.24, a PEG ratio of 0.30 and a beta of 1.04.

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

Guild Announces Dividend

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

Insider Transactions at Guild

In other Guild news, CFO Desiree Amber Kramer purchased 1,636 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were purchased at an average cost of $16.12 per share, for a total transaction of $26,372.32. Following the completion of the transaction, the chief financial officer now owns 260,913 shares of the company’s stock, valued at approximately $4,205,917.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Guild news, CFO Desiree Amber Kramer purchased 1,636 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were purchased at an average cost of $16.12 per share, for a total transaction of $26,372.32. Following the completion of the transaction, the chief financial officer now owns 260,913 shares of the company’s stock, valued at approximately $4,205,917.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Terry Lynn Schmidt purchased 3,630 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were acquired at an average price of $16.12 per share, for a total transaction of $58,515.60. Following the completion of the transaction, the chief executive officer now directly owns 2,798,606 shares of the company’s stock, valued at approximately $45,113,528.72. The disclosure for this purchase can be found here. Insiders purchased 13,370 shares of company stock valued at $214,346 over the last 90 days. Corporate insiders own 77.98% of the company’s stock.

Hedge Funds Weigh In On Guild

Institutional investors and hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC acquired a new position in Guild in the 3rd quarter valued at about $358,000. Adage Capital Partners GP L.L.C. boosted its holdings in Guild by 2.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,173,520 shares of the company’s stock valued at $12,874,000 after purchasing an additional 26,510 shares during the last quarter. Donald Smith & CO. Inc. boosted its holdings in Guild by 1.4% in the 4th quarter. Donald Smith & CO. Inc. now owns 431,752 shares of the company’s stock valued at $6,083,000 after purchasing an additional 5,800 shares during the last quarter. Empowered Funds LLC boosted its holdings in Guild by 8.2% in the 1st quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock valued at $3,508,000 after purchasing an additional 17,992 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in Guild in the 1st quarter valued at about $149,000. 17.52% of the stock is currently 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.