State Street Corp Trims Stock Position in Guild Holdings (NYSE:GHLD)

State Street Corp decreased its position in shares of Guild Holdings (NYSE:GHLD) by 5.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 57,930 shares of the company’s stock after selling 3,145 shares during the quarter. State Street Corp’s holdings in Guild were worth $963,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in GHLD. Bridges Investment Management Inc. acquired a new stake in shares of Guild in the 2nd quarter valued at about $10,497,000. Basswood Capital Management L.L.C. lifted its stake in Guild by 11.9% in the third quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock valued at $10,875,000 after buying an additional 69,603 shares during the last quarter. Empowered Funds LLC boosted its holdings 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 acquiring an additional 13,668 shares during the period. Renaissance Technologies LLC grew 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 acquiring an additional 2,100 shares during the last quarter. Finally, Castleview Partners LLC acquired a new position in shares of Guild in the 3rd quarter valued at $79,000. Institutional investors and hedge funds own 17.52% of the company’s stock.

Wall Street Analysts Forecast Growth

GHLD has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of Guild from $14.50 to $13.00 and set an “underweight” rating for the company in a research note on Monday, December 9th. Wells Fargo & Company decreased their target price on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. Finally, Wedbush reissued an “outperform” rating and set a $20.00 price target on shares of Guild in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Guild currently has a consensus rating of “Hold” and a consensus target price of $16.50.

Guild Stock Performance

Shares of GHLD opened at $13.75 on Friday. The stock has a market capitalization of $850.93 million, a P/E ratio of -8.87, a P/E/G ratio of 0.31 and a beta of 1.02. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06. Guild Holdings has a 1 year low of $12.78 and a 1 year high of $18.25. The company’s fifty day moving average is $13.89 and its two-hundred day moving average is $14.93.

Guild 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.