Guild (NYSE:GHLD) Given New $11.50 Price Target at JPMorgan Chase & Co.

Guild (NYSE:GHLD) had its price objective cut by analysts at JPMorgan Chase & Co. from $13.00 to $11.50 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 10.37% from the company’s current price.

Several other equities research analysts also recently weighed in on GHLD. Wells Fargo & Company dropped their target price on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Wedbush reissued an “outperform” rating and issued a $20.00 price objective on shares of Guild in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.20.

Guild Stock Up 0.9 %

Shares of NYSE:GHLD opened at $12.83 on Tuesday. The firm has a market cap of $794.00 million, a PE ratio of -8.28, a price-to-earnings-growth ratio of 0.32 and a beta of 1.00. The company has a fifty day simple moving average of $13.73 and a 200 day simple moving average of $14.82. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.92. Guild has a 12-month low of $11.21 and a 12-month high of $18.25.

Institutional Investors Weigh In On Guild

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in Guild by 2.0% in the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock valued at $1,634,000 after acquiring an additional 1,901 shares during the period. Renaissance Technologies LLC boosted its position in Guild by 8.2% during the 2nd quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock valued at $410,000 after purchasing an additional 2,100 shares during the period. Castleview Partners LLC bought a new position in Guild during the 3rd quarter worth $79,000. Empowered Funds LLC increased its position in Guild by 5.3% in the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock worth $4,488,000 after buying an additional 13,668 shares during the period. Finally, Basswood Capital Management L.L.C. lifted its stake in Guild by 11.9% in the third quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock valued at $10,875,000 after buying an additional 69,603 shares during the last quarter. Institutional investors and hedge funds 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.