Guild (NYSE:GHLD) Stock Price Down 3.5% – Here’s What Happened

Guild Holdings (NYSE:GHLD) shares dropped 3.5% on Monday . The company traded as low as $15.10 and last traded at $15.10. Approximately 7,828 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 12,459 shares. The stock had previously closed at $15.64.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GHLD shares. JMP Securities increased their price target on Guild from $14.00 to $16.50 and gave the company a “market outperform” rating in a research note on Friday, June 28th. Wells Fargo & Company raised their target price on Guild from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Wedbush boosted their price target on shares of Guild from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of Guild from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.50.

Guild Price Performance

The company has a market cap of $943.47 million, a price-to-earnings ratio of 36.76, a P/E/G ratio of 0.30 and a beta of 1.04. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average price of $16.26 and a 200 day moving average price of $15.04.

Guild (NYSE:GHLD) last announced its earnings results on Thursday, August 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.21. Guild had a return on equity of 5.83% and a net margin of 3.28%. The company had revenue of $285.69 million for the quarter, compared to analyst estimates of $257.97 million. As a group, research analysts expect that Guild Holdings will post 1.41 earnings per share for the current fiscal year.

Institutional Trading of Guild

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bridges Investment Management Inc. purchased a new position in shares of Guild in the second quarter worth approximately $10,497,000. Donald Smith & CO. Inc. lifted its position in shares of Guild by 2.1% in the 1st quarter. Donald Smith & CO. Inc. now owns 440,878 shares of the company’s stock valued at $6,503,000 after acquiring an additional 9,126 shares in the last quarter. Empowered Funds LLC boosted its stake in Guild by 8.2% in the 1st quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock worth $3,508,000 after purchasing an additional 17,992 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Guild by 8.2% during the second quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock valued at $410,000 after buying an additional 2,100 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in Guild during the 1st quarter valued at about $149,000. 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.