Guild (NYSE:GHLD) Downgraded by Citizens Jmp to "Hold"

Guild (NYSE:GHLD - Get Free Report) was downgraded by equities research analysts at Citizens Jmp from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other brokerages have also recently weighed in on GHLD. Wall Street Zen upgraded shares of Guild to a "hold" rating in a report on Thursday, May 22nd. Citigroup restated an "outperform" rating on shares of Guild in a report on Tuesday, May 27th. Compass Point cut shares of Guild from a "strong-buy" rating to a "hold" rating and lifted their price objective for the company from $19.00 to $20.00 in a report on Wednesday. JPMorgan Chase & Co. upgraded shares of Guild from an "underweight" rating to a "neutral" rating and decreased their price target for the stock from $12.50 to $12.00 in a research note on Tuesday, April 8th. Finally, JMP Securities reiterated a "market perform" rating on shares of Guild in a research note on Friday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Guild presently has an average rating of "Hold" and an average price target of $16.50.

Guild Trading Up 0.2%

Shares of GHLD stock opened at $19.77 on Thursday. 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 stock has a market capitalization of $1.23 billion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 1.12 and a beta of 0.81. The company has a 50 day moving average price of $13.89 and a 200 day moving average price of $13.49. Guild has a fifty-two week low of $11.21 and a fifty-two week high of $20.15.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its position in shares of Guild by 419.9% during the 4th quarter. HighTower Advisors LLC now owns 125,311 shares of the company's stock worth $1,768,000 after buying an additional 101,209 shares during the last quarter. Citadel Advisors LLC lifted its position 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 buying an additional 6,134 shares during the last quarter. Basswood Capital Management L.L.C. lifted its position in shares of Guild by 3.2% during the 4th quarter. Basswood Capital Management L.L.C. now owns 674,805 shares of the company's stock worth $9,521,000 after buying an additional 20,848 shares during the last quarter. Northern Trust Corp lifted 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 worth $316,000 after buying an additional 1,709 shares during the last quarter. Finally, Bayview Asset Management LLC lifted 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 worth $22,517,000 after buying an additional 95,327 shares during the last quarter. Hedge funds and other 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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