Guild (NYSE:GHLD) Given New $15.00 Price Target at JPMorgan Chase & Co.

Guild (NYSE:GHLD) had its price objective increased by JPMorgan Chase & Co. from $14.00 to $15.00 in a research note published on Monday, Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company increased their target price on Guild from $12.00 to $15.00 and gave the stock an equal weight rating in a report on Wednesday, March 13th. Wedbush reiterated an outperform rating and set a $17.00 target price on shares of Guild in a report on Friday, May 10th. Finally, JMP Securities increased their target price on Guild from $14.00 to $16.50 and gave the stock a market outperform rating in a report on Friday, June 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $16.30.

Guild Stock Performance

Shares of Guild stock opened at $14.41 on Monday. The company has a market capitalization of $883.97 million, a PE ratio of 34.31, a PEG ratio of 0.28 and a beta of 1.03. Guild has a 12 month low of $9.59 and a 12 month high of $17.24. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The stock’s fifty day simple moving average is $14.55 and its 200 day simple moving average is $14.35.

Guild (NYSE:GHLD) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.11). The business had revenue of $231.78 million for the quarter, compared to analyst estimates of $173.77 million. Guild had a return on equity of 4.25% and a net margin of 3.41%. During the same period in the previous year, the business posted ($0.04) EPS. On average, research analysts predict that Guild will post 1.21 EPS for the current year.

Guild Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, June 6th. Stockholders of record on Monday, May 20th were issued a $0.50 dividend. The ex-dividend date was Friday, May 17th. Guild’s payout ratio is 238.10%.

Insider Activity

In other Guild news, CEO Terry Lynn Schmidt purchased 3,630 shares of Guild stock in a transaction that occurred on Thursday, June 6th. The stock was acquired at an average price of $16.12 per share, for a total transaction of $58,515.60. Following the completion of the acquisition, the chief executive officer now owns 2,798,606 shares of the company’s stock, valued at approximately $45,113,528.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Terry Lynn Schmidt acquired 3,630 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was purchased at an average cost of $16.12 per share, for a total transaction of $58,515.60. Following the completion of the transaction, the chief executive officer now directly owns 2,798,606 shares of the company’s stock, valued at approximately $45,113,528.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Desiree Amber Kramer acquired 1,636 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were bought at an average price of $16.12 per share, with a total value of $26,372.32. Following the completion of the transaction, the chief financial officer now directly owns 260,913 shares of the company’s stock, valued at $4,205,917.56. The disclosure for this purchase can be found here. Insiders purchased 13,370 shares of company stock worth $214,346 in the last quarter. Corporate insiders own 78.51% of the company’s stock.

Hedge Funds Weigh In On Guild

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GHLD. Donald Smith & CO. Inc. raised its holdings in Guild by 1.4% in the 4th quarter. Donald Smith & CO. Inc. now owns 431,752 shares of the company’s stock valued at $6,083,000 after acquiring an additional 5,800 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Guild by 8.2% in the 1st quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock valued at $3,508,000 after purchasing an additional 17,992 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Guild in the 1st quarter valued at $149,000. 17.52% of the stock is owned by institutional investors and hedge funds.

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.