Guild (NYSE:GHLD) Stock Price Up 5% – Here’s Why

Guild Holdings (NYSE:GHLD)’s share price rose 5% during trading on Tuesday . The company traded as high as $13.50 and last traded at $13.51. Approximately 2,185 shares traded hands during trading, a decline of 81% from the average daily volume of 11,570 shares. The stock had previously closed at $12.86.

Wall Street Analysts Forecast Growth

GHLD has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Guild from $11.50 to $12.50 and gave the stock an “underweight” rating in a research note on Friday, March 7th. Compass Point lifted their price objective on Guild from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $16.60.

Guild Trading Up 1.8 %

The company has a fifty day simple moving average of $12.74 and a two-hundred day simple moving average of $14.09. 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 $846.54 million, a P/E ratio of -8.82, a price-to-earnings-growth ratio of 0.27 and a beta of 0.98.

Guild Dividend Announcement

The firm 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. The ex-dividend date is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 14.63%. Guild’s dividend payout ratio is presently 64.94%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in Guild by 2.0% during the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock worth $1,634,000 after acquiring an additional 1,901 shares in the last quarter. Basswood Capital Management L.L.C. lifted its holdings in shares of Guild by 11.9% in the third quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock valued at $10,875,000 after purchasing an additional 69,603 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Guild by 18.6% in the fourth quarter. Millennium Management LLC now owns 15,441 shares of the company’s stock valued at $218,000 after purchasing an additional 2,421 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of Guild by 57.5% in 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 in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Guild by 8.3% in 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 in the last quarter. 17.52% of the stock is currently owned by institutional investors.

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.