Guild Holdings Company (NYSE:GHLD) Receives Average Rating of "Hold" from Analysts

Key Points

• Guild Holdings Company (NYSE:GHLD) has received an average recommendation of "Hold" from nine research firms, with a target price of approximately $18.42.
• The company recently declared a $0.25 special dividend, which was payable to shareholders on September 2nd.
• Institutional investors have shown increased interest, with notable investments including a 57.5% increase in holdings by Citadel Advisors LLC.

Guild Holdings Company (NYSE:GHLD - Get Free Report) has been given an average recommendation of "Hold" by the nine research firms that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $18.4167.

A number of research firms recently weighed in on GHLD. Compass Point lowered shares of Guild from a "strong-buy" rating to a "hold" rating and upped their target price for the stock from $19.00 to $20.00 in a report on Wednesday, June 18th. JMP Securities reaffirmed a "market perform" rating on shares of Guild in a report on Friday, June 20th. Citizens Jmp lowered shares of Guild from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 19th. Citigroup reaffirmed an "outperform" rating on shares of Guild in a report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of Guild from $12.50 to $20.00 and gave the stock a "neutral" rating in a report on Friday, July 11th.

Guild Stock Performance

Shares of GHLD stock opened at $19.92 on Wednesday. The stock has a market capitalization of $1.24 billion, a P/E ratio of 51.09, a PEG ratio of 1.05 and a beta of 0.94. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 1.03. The firm's 50 day moving average is $19.92 and its 200 day moving average is $16.67. Guild has a 12 month low of $11.21 and a 12 month high of $23.57.

Guild Dividend Announcement

The business also recently declared a special dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 18th.

Hedge Funds Weigh In On Guild

Institutional investors have recently made changes to their positions in the stock. Wolverine Asset Management LLC bought a new position in shares of Guild in the 2nd quarter worth $65,000. Millennium Management LLC increased its holdings in shares of Guild by 18.6% in the 4th quarter. Millennium Management LLC now owns 15,441 shares of the company's stock worth $218,000 after buying an additional 2,421 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of Guild by 57.5% in the 4th quarter. Citadel Advisors LLC now owns 16,799 shares of the company's stock worth $237,000 after buying an additional 6,134 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Guild by 8.3% in the 4th quarter. Northern Trust Corp now owns 22,421 shares of the company's stock worth $316,000 after buying an additional 1,709 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Guild in the 2nd quarter worth $482,000. 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.

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