Guild (NYSE:GHLD) Reaches New 1-Year Low at $12.25

Guild Holdings (NYSE:GHLD)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $12.25 and last traded at $13.68, with a volume of 41328 shares trading hands. The stock had previously closed at $14.03.

GHLD has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded shares of Guild from a “neutral” rating to an “overweight” rating and set a $16.50 target price for the company in a research note on Thursday, November 11th. Zacks Investment Research raised Guild from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Tuesday, October 26th. Finally, Wedbush started coverage on Guild in a report on Thursday, August 26th. They set an “outperform” rating and a $20.00 price target for the company.

The company has a market capitalization of $836.48 million and a P/E ratio of 2.59. The company’s fifty day moving average price is $14.07 and its 200 day moving average price is $14.88.

Guild (NYSE:GHLD) last released its earnings results on Wednesday, November 10th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.74. During the same period in the prior year, the company earned ($999.00) EPS. On average, analysts expect that Guild Holdings will post 4.18 EPS for the current year.

The company also recently announced a None dividend, which will be paid on Wednesday, December 8th. Stockholders of record on Monday, November 22nd will be given a $2.00 dividend. The ex-dividend date is Friday, November 19th.

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Guild by 89.6% in the 1st quarter. Geode Capital Management LLC now owns 42,558 shares of the company’s stock valued at $604,000 after purchasing an additional 20,111 shares in the last quarter. Morgan Stanley bought a new position in Guild in the first quarter valued at about $138,000. Highland Private Wealth Management acquired a new position in Guild during the second quarter worth about $414,000. Sandy Spring Bank bought a new position in shares of Guild in the second quarter worth about $31,000. Finally, State Street Corp bought a new stake in shares of Guild during the 2nd quarter valued at approximately $208,000. 7.67% of the stock is currently owned by institutional investors and hedge funds.

About Guild (NYSE:GHLD)

Guild Holdings Company, a mortgage company, originates, sells, and services residential mortgage loans in the United States. The company operates approximately 200 branches with licenses in 48 states. It originates residential mortgages through retail and correspondent channels. The company was founded in 1960 and is based in San Diego, California.

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