Guild (NYSE:GHLD) Trading Up 10.7% – Time to Buy?

Guild Holdings (NYSE:GHLD) rose 10.7% during trading on Wednesday . The stock traded as high as $13.15 and last traded at $13.45. Approximately 6,768 shares changed hands during trading, a decline of 42% from the average daily volume of 11,590 shares. The stock had previously closed at $12.15.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GHLD. Wells Fargo & Company dropped their price target on Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. dropped their price objective on shares of Guild from $13.00 to $11.50 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Compass Point lifted their target price on shares of Guild from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Finally, Wedbush reiterated an “outperform” rating and issued a $20.00 price target on shares of Guild in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Guild currently has a consensus rating of “Hold” and an average price target of $16.40.

Guild Stock Up 11.5 %

The stock has a fifty day moving average price of $12.86 and a two-hundred day moving average price of $14.32. The company has a market cap of $838.18 million, a price-to-earnings ratio of -8.74, a P/E/G ratio of 0.27 and a beta of 0.98. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.92.

Institutional Investors Weigh In On Guild

Several institutional investors have recently made changes to their positions in the stock. Millennium Management LLC increased its stake in Guild by 18.6% in the fourth quarter. Millennium Management LLC now owns 15,441 shares of the company’s stock valued at $218,000 after acquiring an additional 2,421 shares during the last quarter. Citadel Advisors LLC raised its stake in Guild by 57.5% during the fourth 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. Bayview Asset Management LLC lifted its holdings in shares of Guild by 6.4% in the fourth quarter. Bayview Asset Management LLC now owns 1,595,844 shares of the company’s stock worth $22,517,000 after acquiring an additional 95,327 shares during the last quarter. Basswood Capital Management L.L.C. increased its position in 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 purchasing an additional 20,848 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Guild by 8.3% in 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 during the last quarter. 17.52% of the stock is currently owned by institutional investors.

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.