Stonegate Mortgage Corporation Announces the Appointment of Richard A. Kraemer as CEO and James V. Smith as President and COO
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Compass Point Reiterates Buy on Stonegate Mortgage (SGM) Following Announced CEO Resignation
September 1, 2015 9:48 AM EDTCompass Point reiterated a Buy rating and $11.00 price target on Stonegate Mortgage (NYSE: SGM) following the company's announcement that Jim Cutillo, the founder and CEO, would be resigning from the company effective September 10.
Analyst Kevin Barker commented, "Stonegate Mortgage (SGM) announced Jim Cutillo, the founder and CEO, would be resigning from the company effective September 10. Richard Kraemer,... More
FBR Capital Upgrades Stonegate Mortgage (SGM) to Outperform
August 31, 2015 11:58 AM EDTFBR Capital upgraded Stonegate Mortgage (NYSE: SGM) from Market Perform to Outperform and maintains a price target of $10, saying the management change is likely a positive catalyst.
Analyst Paul Miller commented, "This morning, Stonegate Mortgage Corporation announced the resignation of Jim Cutillo as chief executive... More
Stonegate Mortgage (SGM) CEO Cutillo Resigns
August 31, 2015 8:31 AM EDTStonegate Mortgage (NYSE: SGM) announced that Richard A. Kraemer, has been named Interim CEO of the company. Mr. Kraemer is replacing Jim Cutillo, who has resigned from the company effective September 10, 2015. Mr. Cutillo will be assisting Stonegate as a consultant to facilitate his transition from the company over the next six months. Mr. Kraemer will retain his position as Chairman of the Board.
With over 35 years of experience in financial services and mortgage banking, Mr. Kraemer will be overseeing the day-to-day management of the company until the search for a permanent CEO with the... More
