Guild (NYSE:GHLD) Given New $16.00 Price Target at JPMorgan Chase & Co.

Guild (NYSE:GHLD) had its price target raised by analysts at JPMorgan Chase & Co. from $15.00 to $16.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 1.11% from the company’s current price.

A number of other brokerages have also commented on GHLD. JMP Securities upped their price target on Guild from $14.00 to $16.50 and gave the stock a “market outperform” rating in a report on Friday, June 28th. Wedbush boosted their price objective on Guild from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Wells Fargo & Company boosted their price objective on Guild from $15.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.30.

Guild Stock Down 5.3 %

Shares of GHLD stock opened at $16.18 on Monday. Guild has a 12 month low of $9.59 and a 12 month high of $17.34. The firm has a market cap of $992.55 million, a PE ratio of 38.52, a price-to-earnings-growth ratio of 0.30 and a beta of 1.03. The stock has a 50 day moving average of $14.70 and a 200-day moving average of $14.45. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81.

Insider Buying and Selling at Guild

In related news, COO David Manuel Neylan purchased 1,984 shares of the stock in a transaction on Thursday, June 6th. The shares were purchased at an average cost of $16.12 per share, for a total transaction of $31,982.08. Following the completion of the transaction, the chief operating officer now directly owns 396,597 shares of the company’s stock, valued at approximately $6,393,143.64. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Guild news, Director Mary Ann Mcgarry bought 4,998 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were bought at an average price of $16.12 per share, for a total transaction of $80,567.76. Following the completion of the acquisition, the director now owns 372,996 shares of the company’s stock, valued at $6,012,695.52. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO David Manuel Neylan purchased 1,984 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were purchased at an average cost of $16.12 per share, for a total transaction of $31,982.08. Following the purchase, the chief operating officer now directly owns 396,597 shares of the company’s stock, valued at $6,393,143.64. The disclosure for this purchase can be found here. Insiders have purchased 12,248 shares of company stock worth $197,438 over the last three months. Company insiders own 77.98% of the company’s stock.

Hedge Funds Weigh In On Guild

Hedge funds have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC acquired a new position in Guild in the first quarter valued at about $149,000. Renaissance Technologies LLC raised its position in shares of Guild by 8.2% during the second quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock worth $410,000 after purchasing an additional 2,100 shares during the period. Empowered Funds LLC raised its position in shares of Guild by 8.2% during the first 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. Donald Smith & CO. Inc. raised its position in shares of Guild by 1.4% during the fourth quarter. Donald Smith & CO. Inc. now owns 431,752 shares of the company’s stock worth $6,083,000 after purchasing an additional 5,800 shares during the period. Finally, Bridges Investment Management Inc. acquired a new stake in shares of Guild during the second quarter worth about $10,497,000. 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.