Guild (NYSE:GHLD) Price Target Increased to $16.50 by Analysts at JMP Securities

Guild (NYSE:GHLD) had its price objective lifted by JMP Securities from $14.00 to $16.50 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. JMP Securities’ price objective indicates a potential upside of 11.56% from the company’s current price.

Other equities research analysts have also recently issued 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 target for the company. in a report on Wednesday, April 3rd. Wedbush reiterated an “outperform” rating and issued a $17.00 target price on shares of Guild in a research note on Friday, May 10th. Finally, Wells Fargo & Company raised their price target 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 equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Guild has a consensus rating of “Hold” and a consensus target price of $16.10.

Guild Price Performance

Shares of NYSE:GHLD opened at $14.79 on Friday. The company’s fifty day moving average is $14.43 and its two-hundred day moving average is $14.32. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. Guild has a 12-month low of $9.59 and a 12-month high of $17.24. The company has a market cap of $907.22 million, a P/E ratio of 35.21, a price-to-earnings-growth ratio of 0.30 and a beta of 1.04.

Guild (NYSE:GHLD) last posted its quarterly earnings results 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 return on equity of 4.25% and a net margin of 3.41%. The company had revenue of $231.78 million during the quarter, compared to analyst estimates of $173.77 million. During the same period last year, the company posted ($0.04) earnings per share. Equities analysts expect that Guild will post 1.21 earnings per share for the current fiscal year.

Insider Transactions at Guild

In other news, Director Edward Bryant, Jr. sold 6,000 shares of Guild stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $14.01, for a total transaction of $84,060.00. Following the transaction, the director now directly owns 26,816 shares of the company’s stock, valued at $375,692.16. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Edward Bryant, Jr. sold 6,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $14.01, for a total value of $84,060.00. Following the sale, the director now directly owns 26,816 shares of the company’s stock, valued at approximately $375,692.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Desiree Amber Kramer acquired 1,636 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was bought 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 directly owns 260,913 shares in the company, valued at approximately $4,205,917.56. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 13,370 shares of company stock valued at $214,346. Corporate insiders own 77.98% of the company’s stock.

Institutional Investors Weigh In On Guild

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC bought a new stake in Guild in the 1st quarter valued at about $149,000. HighTower Advisors LLC acquired a new position in Guild during the 3rd quarter worth approximately $358,000. Empowered Funds LLC increased its position 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 acquiring an additional 17,992 shares during the period. Donald Smith & CO. Inc. increased its position 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 acquiring an additional 5,800 shares during the period. Finally, Adage Capital Partners GP L.L.C. increased its position 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 acquiring an additional 26,510 shares during the period. 17.52% of the stock is currently owned by institutional investors and hedge funds.

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.