Guild (NYSE:GHLD) downgraded by Zacks Investment Research to hold

Guild (NYSE: GHLD – Get a rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note released Friday to investors, Zacks.com reports.

According to Zacks, “Guild Holdings Company provides financial services. It originates, sells and services residential mortgage loans primarily in the United States. Guild Holdings Company is based in San Diego, California.”

Separately, JPMorgan Chase & Co. cut its price target on Guild shares from $16.50 to $15.50 in a Wednesday, January 19 research report.

Guild shares were down $0.15 at midday Friday, hitting $11.44. The company had a trading volume of 16,098 shares, compared to an average volume of 11,254. The company has a market capitalization of $698.49 million, a price-earnings ratio of 2.17 and a beta of 0.28. . The stock has a fifty-day simple moving average of $12.94 and a 200-day simple moving average of $13.81. Guild has a 1-year low of $10.73 and a 1-year high of $16.61.

Guild (NYSE: GHLD – Get a rating) last reported quarterly earnings data on Thursday, March 10. The company reported earnings per share (EPS) of $0.37 for the quarter, missing analyst consensus estimates of $0.64 per ($0.27). In the same quarter of the previous year, the company achieved EPS of $1.48. Equity research analysts expect Guild to post earnings per share of 4.53 for the current year.

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Institutional investors have recently changed their stake in the company. BlackRock Inc. acquired a new position in Guild during Q3 worth approximately $28,000. Morgan Stanley increased its stake in Guild by 304.9% in the third quarter. Morgan Stanley now owns 3,644 shares of the company worth $50,000 after acquiring 2,744 more shares in the last quarter. State Street Corp bought a new position in Guild during the second quarter worth $208,000. Renaissance Technologies LLC bought a new position in Guild during the fourth quarter worth $314,000. Finally, Geode Capital Management LLC increased its stake in Guild by 1.8% during the second quarter. Geode Capital Management LLC now owns 43,341 shares of the company worth $664,000 after acquiring 783 additional shares in the last quarter. 9.18% of the shares are held by institutional investors.

About the guild (Get a rating)

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

Further reading

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