JPMorgan Chase & Co. Has Lowered Expectations for Guild (NYSE:GHLD) Stock Price

Guild (NYSE:GHLD) had its price target decreased by JPMorgan Chase & Co. from $14.50 to $13.00 in a report published on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Several other analysts have also issued reports on GHLD. Wells Fargo & Company dropped their price objective 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. Wedbush restated an “outperform” rating and issued a $20.00 price target on shares of Guild in a research note on Thursday, November 7th. One investment 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. According to MarketBeat.com, Guild has a consensus rating of “Hold” and an average price target of $16.50.

Guild Price Performance

NYSE:GHLD opened at $13.43 on Monday. Guild has a 52-week low of $12.09 and a 52-week high of $18.25. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06. The stock’s 50-day simple moving average is $14.61 and its 200 day simple moving average is $15.05. The company has a market cap of $831.18 million, a P/E ratio of -8.71, a P/E/G ratio of 0.31 and a beta of 1.02.

Institutional Investors Weigh In On Guild

Institutional investors have recently modified their holdings of the business. Bridges Investment Management Inc. acquired a new position in Guild during the 2nd quarter worth approximately $10,497,000. Basswood Capital Management L.L.C. grew its holdings in shares of Guild by 11.9% during the third quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock worth $10,875,000 after purchasing an additional 69,603 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Guild by 5.3% in the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock valued at $4,488,000 after buying an additional 13,668 shares during the period. Castleview Partners LLC bought a new position in Guild in the 3rd quarter valued at approximately $79,000. Finally, Renaissance Technologies LLC grew its stake in shares of Guild by 8.2% in 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 last quarter. Institutional investors 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.