Wells Fargo & Company Cuts Guild (NYSE:GHLD) Price Target to $15.00

Guild (NYSE:GHLD) had its price target trimmed by Wells Fargo & Company from $17.00 to $15.00 in a report published on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

GHLD has been the subject of a number of other reports. JPMorgan Chase & Co. raised their price target on shares of Guild from $16.00 to $17.00 and gave the stock an “underweight” rating in a report on Monday, October 7th. Wedbush increased their price objective on Guild from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Friday, August 9th. One equities 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 data from MarketBeat.com, Guild currently has a consensus rating of “Hold” and a consensus price target of $16.80.

Guild Price Performance

Shares of NYSE:GHLD remained flat at $14.50 during midday trading on Thursday. The company had a trading volume of 24,864 shares, compared to its average volume of 13,461. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.05 and a current ratio of 0.05. The company’s fifty day moving average is $15.71 and its 200 day moving average is $15.07. The firm has a market capitalization of $890.16 million, a PE ratio of -9.35, a PEG ratio of 0.25 and a beta of 1.07. Guild has a twelve month low of $9.59 and a twelve month high of $18.25.

Guild (NYSE:GHLD) last issued its quarterly 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 positive return on equity of 6.15% and a negative net margin of 12.78%. The business had revenue of $285.69 million for the quarter, compared to the consensus estimate of $257.97 million. On average, research analysts expect that Guild will post 1.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Guild

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bridges Investment Management Inc. bought a new position in Guild in the 2nd quarter worth about $10,497,000. Empowered Funds LLC lifted its stake 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 buying an additional 17,992 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in shares of Guild in the first quarter valued at about $149,000. Donald Smith & CO. Inc. increased its stake in shares of Guild by 2.1% in the first quarter. Donald Smith & CO. Inc. now owns 440,878 shares of the company’s stock worth $6,503,000 after acquiring an additional 9,126 shares during the period. Finally, Castleview Partners LLC purchased a new position in Guild during the third quarter valued at approximately $79,000. Institutional investors 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.