Guild Holdings (NYSE:GHLD) Shares Sold by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. reduced its position in shares of Guild Holdings (NYSE:GHLD) by 10.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 396,433 shares of the company’s stock after selling 44,445 shares during the period. Donald Smith & CO. Inc.’s holdings in Guild were worth $5,863,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Empowered Funds LLC grew its stake in shares of Guild by 8.2% during the 1st quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock worth $3,508,000 after purchasing an additional 17,992 shares during the period. 17.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GHLD has been the topic of a number of research analyst reports. Wedbush boosted their price objective on shares of Guild from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. JMP Securities lifted their price objective on Guild from $14.00 to $16.50 and gave the stock a “market outperform” rating in a report on Friday, June 28th. JPMorgan Chase & Co. raised their price target on Guild from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Monday, August 12th. Finally, Wells Fargo & Company increased their price objective on shares of Guild from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Guild has an average rating of “Hold” and a consensus target price of $17.30.

Guild Trading Down 1.1 %

Guild stock opened at $16.47 on Monday. The stock has a 50-day moving average price of $15.33 and a 200 day moving average price of $14.74. Guild Holdings has a 52 week low of $9.59 and a 52 week high of $18.25. The stock has a market cap of $1.01 billion, a PE ratio of 39.21, a P/E/G ratio of 0.30 and a beta of 1.04. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.76.

Guild (NYSE:GHLD) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.21. The business had revenue of $285.69 million during the quarter, compared to analyst estimates of $257.97 million. Guild had a net margin of 3.28% and a return on equity of 5.83%. Equities research analysts predict that Guild Holdings will post 1.42 earnings per share for the current fiscal year.

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.