Guild (NYSE:GHLD) Sees Large Volume Increase – Here’s What Happened

Guild Holdings (NYSE:GHLD) saw unusually-strong trading volume on Tuesday . Approximately 25,514 shares traded hands during trading, an increase of 117% from the previous session’s volume of 11,775 shares.The stock last traded at $13.51 and had previously closed at $14.43.

Analyst Ratings Changes

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

Guild Trading Up 1.5 %

The company has a market cap of $832.30 million, a price-to-earnings ratio of -8.67, a PEG ratio of 0.27 and a beta of 0.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.06 and a quick ratio of 0.06. The business’s 50-day simple moving average is $12.80 and its 200-day simple moving average is $14.03.

Guild Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 14.88%. The ex-dividend date of this dividend is Monday, March 17th. Guild’s dividend payout ratio (DPR) is presently 64.94%.

Hedge Funds Weigh In On Guild

Institutional investors have recently made changes to their positions in the stock. Millennium Management LLC lifted its stake in shares of Guild by 18.6% during the fourth quarter. Millennium Management LLC now owns 15,441 shares of the company’s stock valued at $218,000 after buying an additional 2,421 shares during the period. Citadel Advisors LLC lifted its stake in shares of Guild by 57.5% during the 4th quarter. Citadel Advisors LLC now owns 16,799 shares of the company’s stock worth $237,000 after purchasing an additional 6,134 shares during the period. Northern Trust Corp boosted 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 worth $316,000 after purchasing an additional 1,709 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Guild by 2.0% in 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 during the period. Finally, HighTower Advisors LLC increased its stake in Guild by 419.9% in the fourth quarter. HighTower Advisors LLC now owns 125,311 shares of the company’s stock valued at $1,768,000 after purchasing an additional 101,209 shares during the last quarter. 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.