Citizens Jmp Downgrades Guild (NYSE:GHLD) to Hold

Citizens Jmp lowered shares of Guild (NYSE:GHLD - Free Report) from a strong-buy rating to a hold rating in a report issued on Thursday,Zacks.com reports.

Several other brokerages also recently commented on GHLD. Compass Point downgraded Guild from a "strong-buy" rating to a "hold" rating and boosted their target price for the stock from $19.00 to $20.00 in a research note on Wednesday, June 18th. JMP Securities reissued a "market perform" rating on shares of Guild in a research note on Friday. Citigroup reaffirmed an "outperform" rating on shares of Guild in a research note on Tuesday, May 27th. JPMorgan Chase & Co. raised Guild from an "underweight" rating to a "neutral" rating and cut their price objective for the company from $12.50 to $12.00 in a report on Tuesday, April 8th. Finally, Wall Street Zen raised Guild to a "hold" rating in a report on Thursday, May 22nd. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $16.50.

Guild Price Performance

Shares of NYSE GHLD traded up $0.03 during trading hours on Thursday, hitting $19.75. 241,168 shares of the stock were exchanged, compared to its average volume of 18,868. Guild has a 1-year low of $11.21 and a 1-year high of $20.15. The company has a market cap of $1.23 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 1.12 and a beta of 0.81. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.07 and a current ratio of 0.07. The company's fifty day simple moving average is $14.02 and its two-hundred day simple moving average is $13.53.

Institutional Investors Weigh In On Guild

Institutional investors and hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC lifted its holdings 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 buying an additional 101,209 shares during the period. Citadel Advisors LLC raised its position 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 acquiring an additional 6,134 shares in the last quarter. Basswood Capital Management L.L.C. lifted its stake in shares of Guild by 3.2% in the 4th quarter. Basswood Capital Management L.L.C. now owns 674,805 shares of the company's stock valued at $9,521,000 after purchasing an additional 20,848 shares during the period. Northern Trust Corp boosted its position in shares of Guild by 8.3% during the 4th 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. Finally, Bayview Asset Management LLC boosted its position in shares of Guild by 6.4% during the 4th quarter. Bayview Asset Management LLC now owns 1,595,844 shares of the company's stock valued at $22,517,000 after purchasing an additional 95,327 shares in the last quarter. Institutional investors and hedge funds own 17.52% of the company's stock.

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.