Guild (NYSE:GHLD) Price Target Lowered to $13.00 at JPMorgan Chase & Co.

Guild (NYSE:GHLD) had its price objective decreased by JPMorgan Chase & Co. from $14.50 to $13.00 in a report issued on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

GHLD has been the subject of a number of other reports. Wedbush restated an “outperform” rating and issued a $20.00 price objective on shares of Guild in a research note on Thursday, November 7th. Wells Fargo & Company dropped their target price on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Guild presently has an average rating of “Hold” and a consensus target price of $16.50.

Guild Price Performance

NYSE GHLD opened at $13.43 on Monday. 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 has a market capitalization of $831.18 million, a PE ratio of -8.71, a price-to-earnings-growth ratio of 0.31 and a beta of 1.02. The company has a 50 day moving average price of $14.61 and a two-hundred day moving average price of $15.05. Guild has a 12-month low of $12.09 and a 12-month high of $18.25.

Hedge Funds Weigh In On Guild

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bridges Investment Management Inc. bought a new stake in Guild during the second quarter worth about $10,497,000. Basswood Capital Management L.L.C. raised its position in shares of Guild by 11.9% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock valued at $10,875,000 after acquiring an additional 69,603 shares during the last quarter. Empowered Funds LLC lifted its stake in Guild by 5.3% in the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock valued at $4,488,000 after buying an additional 13,668 shares during the period. Geode Capital Management LLC raised its position in shares of Guild by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock valued at $1,634,000 after acquiring an additional 1,901 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Guild by 8.2% in the second quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock worth $410,000 after purchasing an additional 2,100 shares during the period. Institutional investors own 17.52% of the company’s stock.

About Guild

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.