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Zacks Investment Research disclosed Stonegate Mortgage Corp (NYSE:SGM), upping its stock price target to $4.75 today

In a report released on 09/28/2016 Zacks Investment Research bumped up the target of Stonegate Mortgage Corp (NYSE:SGM) to $4.75 stating a potential upside of 0.14%.

Yesterday Stonegate Mortgage Corp (NYSE:SGM) traded 0.24% higher at $4.16. The company’s 50-day moving average is $3.98 and its two hundred day average is $4.30. With the last close down -3.11% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Volume of trade was down over the average, with 1,938 shares of SGM changing hands under the typical 29,377

Performance Chart

Stonegate Mortgage Corp (NYSE:SGM)

With a total market value of $0, Stonegate Mortgage Corp has with a one year low of $3.16 and a one year high of $7.64 .

General Company Details For Stonegate Mortgage Corp (NYSE:SGM)

Stonegate Mortgage Corporation is a non-bank mortgage company. The Company is focused on originating, financing and servicing the United States residential mortgage loans. The Company's segments include Originations, Servicing, Financing and Other. The Originations segment primarily originates and sells residential mortgage loans, which conform to the underwriting guidelines of the government sponsored enterprises and government agencies, and non-agency whole loan investors. The Servicing segment includes loan administration, collection and default activities, including the collection and remittance of loan payments, responding to customer inquiries, collection of principal and interest payments, holding custodial funds for the payment of property taxes and insurance premiums, counseling delinquent mortgagors and modifying loans. The Financing segment includes warehouse-lending activities to correspondent customers by the Company's subsidiary, NattyMac, LLC.

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