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Guild Holdings Co (NYSE:GHLD), a financial services company with a market capitalization of $858.5 million, held its annual meeting on May 27, 2025, where stockholders approved several key proposals, according to a recent SEC filing. InvestingPro analysis shows the company trading at $13.60, with a FAIR overall financial health score. The meeting, as detailed in an 8-K filing, included amendments to the company’s Articles of Incorporation and the election of directors.
The company’s amendment to its Certificate of Incorporation, which limits the monetary liability of its officers under certain circumstances, was approved by stockholders. This amendment aligns with Section 102(b)(7) of the Delaware General Corporation Law and was effective upon filing with the Secretary of State of Delaware on May 27, 2025. According to InvestingPro, Guild Holdings maintains strong liquidity with a current ratio of 2.26, indicating robust financial management.
During the meeting, stockholders voted on the election of two Class II directors, Patrick J. Duffy and Terry L. Schmidt, who will serve until the 2028 Annual Meeting. Both nominees were elected with a significant majority of votes.
Additionally, the appointment of KPMG LLP as Guild Holdings’ independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified by stockholders. The meeting also included an advisory vote on the compensation of the company’s named executive officers, which was approved.
The voting power at the meeting represented 97.0% of the combined voting power of the shares entitled to vote, ensuring a quorum for the transaction of business.
This information is based on a press release statement from Guild Holdings Co’s SEC filing.
In other recent news, Guild Holdings Co. reported its first-quarter 2025 earnings, with an adjusted earnings per share (EPS) of $0.35, surpassing the consensus estimate of $0.24. However, the company’s revenue of $198 million fell short of the projected $259.66 million. Despite the revenue miss, Guild Holdings experienced a 35% year-over-year increase in loan originations, reaching $5.2 billion, and expanded its servicing portfolio to $94 billion. JMP analysts revised Guild Holdings’ stock price target to $15.50 from $16.50 while maintaining a Market Outperform rating, following the earnings announcement. The revision reflects the company’s strategic focus on purchase-market-driven origination and effective integration of smaller mortgage lenders through acquisitions. Guild Holdings remains optimistic about its market share growth and operational efficiencies despite challenges such as high mortgage rates and limited housing supply. The company is also exploring opportunities for strategic acquisitions to further enhance its position in the mortgage industry. Analyst firms such as JMP believe that Guild Holdings is well-positioned to navigate the current mortgage industry landscape.
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